Reinsurance News
M&A news
Reinsurance M&A news, or reinsurance mergers and acquisitions news, covering details of M&A transactions in the works and completed, between insurance, reinsurance and related companies.
Verisk’s Sequel to acquire, invest in Whitespace
3rd March 2021
Whitespace Software, a provider of digital placing technology to the re/insurance market, has signed an investment and acquisition agreement with Verisk business Sequel in an effort to accelerate growth. Whitespace is designed to provide market participants with a scalable digital placing platform capable of enabling customers to adopt a more efficient ... Read the full article
Aston Lark acquires Scottish broker Bruce Stevenson
3rd March 2021
Aston Lark, a chartered insurance broker backed by Goldman Sachs, has acquired Bruce Stevenson, a Scotland-based insurance broker. Bruce Stevenson was established almost 40 years ago and is the largest independent insurance broker in Scotland. The company provided specialist products and services to both commercial and private clients across the UK, with ... Read the full article
QOMPLX to combine with Tailwind Acquisition Corp
2nd March 2021
QOMPLX, a cloud-native leader in risk analytics, has elected to go public via a merger with special purpose acquisition company, Tailwind Acquisition Corp. Once the combination completes, the new company will operate as QOMPLX and plans to list under the symbol of QPLX. The deal reflects an estimated post-transaction equity value ... Read the full article
CoStar ups takeover bid for CoreLogic
2nd March 2021
Property information and analytics provider CoreLogic has confirmed that CoStar has increased the terms its takeover bid, after putting forward an unsolicited bid last month. CoStar has now offered to pay CoreLogic shareholders $6.00 per share in cash, in addition to its previous offer of 0.1019 shares of CoStar Group ... Read the full article
Cinven & GIC complete Miller acquisition
1st March 2021
The previously announced acquisition of specialist insurance and reinsurance broker, Miller, by global private equity firm, Cinven and GIC, Singapore’s sovereign wealth fund, has now completed. Miller, which operates in the UK, Lloyd's of London, and internationally, has been acquired from global brokerage Willis Towers Watson (WTW). The deal was first ... Read the full article
Applied Underwriters acquires Oklahoma Property & Casualty
1st March 2021
Applied Underwriters has announced that its North American Casualty Company has completed the acquisition of Oklahoma Property and Casualty Insurance Company (OP&C). The acquisition was subject to regulatory approvals from the Oklahoma Insurance Department, and will effect a number of changes with respect to OP&C as well as the Texas Insurance ... Read the full article
Aon / WTW deal circled by merger arb & event driven hedge funds
26th February 2021
The Aon and Willis Towers Watson (WTW) deal, which will be the largest insurance and reinsurance broker merger or acquisition in history, is now attracting significant attention from investors in the merger arbitrage and event driven hedge fund space. Just in the last two weeks, we've heard from numerous global investment ... Read the full article
Insurer and reinsurer SiriusPoint launches with $3bn+ in capital
26th February 2021
Bermuda-based SiriusPoint Ltd., the new insurer and reinsurer incepted via the combination of Third Point Re and Sirius Group, has officially launched with more than $3 billion in initial capital. Led by Chief Executive Officer (CEO) and Chairman Sid Sankaran, SiriusPoint launches as one of the first substantial players of the ... Read the full article
Aviva announces exit from Turkey
24th February 2021
London-headquartered insurer Aviva has announced that it plans to exit the Turkish re/insurance market via a sale of its shareholding in AvivaSA Emeklilik ve Hayat AS (Aviva SA). Aviva has agreed to sell its entire 40% shareholding in the Turkish join venture to Ageas Insurance International N.V. Ageas will pay a cash ... Read the full article
Applied Underwriters’ Centauri Insurance acquires Gulfstream renewals
23rd February 2021
Centauri Insurance, a subsidiary of risk services firm Applied Underwriters, has acquired the renewal rights to 16,700 policies from Gulfstream Property and Casualty Insurance Company and Gulfstream Select Insurance Company. Gulfstream is a Florida-based insurance company that provides homeowners' insurance. The polices acquired by Centauri relate to business in Alabama, Read the full article
Phoenix, Standard Life Aberdeen simplify strategic partnership
23rd February 2021
Phoenix Group and Standard Life Aberdeen (SLA) have entered into a new binding agreement designed to simplify their existing strategic partnership and enable Phoenix to control its own distribution, marketing and brands. At the same time SLA became a leading shareholder in Phoenix and today has a strategic shareholding of around ... Read the full article
Aviva sells French business to Aéma Groupe for €3.2bn
23rd February 2021
After months of speculation, London-headquartered insurer Aviva has announced an agreement to sell its French business to mutual insurer Aéma Groupe, for €3.2 billion in cash. In the second-half of last year, reports started to emerge claiming that Aviva was considering the sale of its life and P&C operations in France ... Read the full article
Aston Lark acquires two health insurance specialists
23rd February 2021
Insurance broker Aston Lark has bolstered its employee benefits and individual health insurance expertise with the acquisition of both Right to Health Ltd and The Health Insurance Specialists. Right to Health is an independent individual health insurance specialists, founded by Gary Marney and Stephen Carroll in 2001. Similarly, The Health Insurance Specialists, ... Read the full article
Premia to acquire Armour Re; secures Aquiline-led equity investment
22nd February 2021
Reinsurance run-off group, Premia Holdings Ltd., has agreed to acquire Armour Re Ltd., a Bermuda-based P&C legacy reinsurer and a wholly-owned subsidiary of Armour Group Ltd., in an all-share transaction. Armour Group is an Aquiline Capital Partners LLC portfolio company and in concurrence with the acquisition, an investor group led by ... Read the full article
Re/insurance M&A to surge in 2021: Clyde & Co
22nd February 2021
Analysts at law firm Clyde & Co believe that global insurance mergers and acquisitions (M&A) activity is “set to soar” in 2021 despite economic challenges due to the pandemic. According to Clyde & Co data, there were 407 completed M&A deal worldwide in the re/insurance sector over 2020, down from 419 ... Read the full article
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