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.
AIG actively seeking Life & Retirement sale, Athene interested
19th February 2021
Incoming AIG Chief Executive Peter Zaffino says his company is working "purposefully and with a sense of urgency on several fronts" related to a 19.9% sale of its Life and Retirement business. In a Q4 earnings call Zaffino said he was pleased with the level of interest quality of potential partners ... Read the full article
Global Risk Partners to acquire Marsh’s UK Networks operation
18th February 2021
Lloyd’s of London broker Global Risk Partners (GRP) has reached an agreement to acquire Marsh's UK Networks business, which consists of Marsh ProBroker, Bluefin Network and Purple Partnership. The agreement, which remains subject to regulatory approval, is expected to close by the second-quarter of 2021 and also includes the acquisition of ... Read the full article
Aon and WTW merger will “significantly lessen competition” in Australia
18th February 2021
The Australian Competition & Consumer Commission (ACCC) is concerned that the proposed combination of Aon and Willis Towers Watson (WTW) will significantly lessen competition in the supply of commercial risk, reinsurance and employee benefits broking and advisory services in Australia. The announcement from the ACCC comes just weeks after the ... Read the full article
Monument Re completes Isle of Man takeover from Charles Taylor
17th February 2021
Life reinsurance and insurance holding company, Monument Re, has completed the acquisition of the Charles Taylor Group’s Isle of Man life and investment operations. First announced back in August 2020, the purchase mostly consists of Charles Taylor’s life insurance entity, LCL International Life Assurance Company Limited, and Charles Taylor Holdings ... Read the full article
CVC’s acquisition of RiverStone Europe approved
17th February 2021
The European Commission (EC) has approved the acquisition of RiverStone Europe by CVC Strategic Opportunities Fund II, a vehicle owned and operated by CVC Capital Partners, for a purchase price of USD 750 million. The announcement, which was made in December, also noted that RiverStone Europe, which was previously owned ... Read the full article
Enstar to sell Pavonia Life to Aquarian
17th February 2021
Legacy acquirer Enstar is set to sell its subsidiary Pavonia Life to Aquarian Holdings for an undisclosed fee. Pavonia Life is a New York-domiciled insurance company licensed to underwrite business in New York and Delaware. The transaction is subject to customary closing conditions, including regulatory approval by the New York State Department ... Read the full article
CoreLogic receives further acquisition offer from CoStar
16th February 2021
Property information and analytics provider CoreLogic has confirmed that it has received an unsolicited acquisition proposal from CoStar Group, less than two weeks after it accepted an offer from private equity firms Stone Point Capital and Insight Partners. Under the terms of CoStar's all-stock proposal, CoreLogic shareholders would receive 0.1019 shares of ... Read the full article
Progressive acquires Protective Insurance for $338mn
16th February 2021
Property and auto-focused insurance group Progressive has announced the acquisition of Protective Insurance Corporation in a $338 million deal that’s expected to close by the end of third quarter. Upon the completion of the transaction, Protective shareholders will receive $23.30 per share in cash from Progressive. Progressive will fund the purchase through ... Read the full article
Ardonagh Group acquires Australian intermediary network Resilium
16th February 2021
The Ardonagh Group has announced the acquisition of Resilium, the largest independently owned intermediary network in Australia. Resilium will continue to be led by Managing Director Adrian Kitchin, who will be joined on the board by Paul Lynam in the newly created role of Chairman. Lynam has 30 years’ experience in the insurance ... Read the full article
Miller acquisition approved by European Commission
15th February 2021
EU regulator the European Commission has approved the acquisition of re/insurance broker Miller by global private equity firm, Cinven, and GIC, Singapore’s sovereign wealth fund. First announced in November 2020, the EC has now given the green light to the acquisition following a review. It concluded that the deal would raise ... Read the full article
SRG acquires trade credit specialist, The Channel Partnership
12th February 2021
Insurance intermediary, Specialist Risk Group (SRG), has today announced the acquisition of trade credit specialist, The Channel Partnership. The Channel Partnership, founded in 1992, provides trade credit risk advice to clients from its base in Bristol, UK. Following the acquisition, senior team and staff will join SRG’s Retail business, Specialist Risk Insurance ... Read the full article
Arch acquires majority stake in Coface
11th February 2021
Arch Capital Group's share purchase agreement with Natixis for a majority stake in France-based trade-credit insurance firm, Coface, has received all necessary approvals for its closing, triggering the appointment of Bernardo Sanchez Incera as Chairman of the Board of Directors. It was announced in February of last year that Bermuda headquartered ... Read the full article
Touchstone to acquire AIG Life & Retirement assets
10th February 2021
Touchstone Investments, a subsidiary of Western & Southern Financial Group, has entered into a definitive agreement to acquire certain assets of AIG Life & Retirement’s Retail Mutual Funds business. In the proposed transaction, which is expected to close in mid-2021, twelve funds with approximately $7.5 billion in assets will be acquired ... Read the full article
EC suspends review of Aon / WTW combination
10th February 2021
The European Commission (EC) has reportedly halted its investigation into the proposed combination of Aon and Willis Towers Watson (WTW) while it waits for more data from the broker, reports Reuters. The EC confirmed back in December that it would conduct an in-depth investigation of the transaction over concerns it ... Read the full article
Third Point Re strengthens leadership ahead of Sirius merger
9th February 2021
Hedge fund backed reinsurer Third Point Re has made three senior hires to strengthen its existing leadership team ahead of its planned merger with Sirius Group. Due to close this quarter, the merger will form a combined entity called SiriusPoint. Tim Mardon will join the senior underwriting team at SiriusPoint as Global ... Read the full article
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