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.
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
Aon still confident WTW combination will close in H1
8th February 2021
Executives at re/insurance broker Aon have confirmed that they still expect the planned business combination with Willis Towers Watson (WTW) to close in the first half of 2021, despite an ongoing investigation by EU regulators. Speaking as part of a fourth quarter earnings call, Chief Financial Officer (CFO) Christa Davies said ... Read the full article
CRC Group acquires Federal Employee Defense Services (FEDS)
5th February 2021
CRC Group, a US wholesale distributor of specialty insurance products, has acquired the assets of Federal Employee Defense Services (FEDS). FEDS is a niche MGU that specialises in professional liability coverage for federal government employees and contractors. Following the acquisition, it will continue to be headquartered in Bethesda, Maryland and led by ... Read the full article
KKR finalises Global Atlantic acquisition
5th February 2021
Global investment firm KKR & Co. has closed its previously-announced strategic transaction to acquire all outstanding shares of life and annuity provider Global Atlantic Financial Group. Global Atlantic has delivered strong performance since the transaction was announced in July 2020. Based on preliminary financial results of Global Atlantic as at ... Read the full article
RGA to acquire Hodge Life Assurance Company
4th February 2021
Life and health reinsurance company, Reinsurance Group of America, Incorporated (RGA), has entered into an agreement to acquire 100% of the share capital of Hodge Limited's PRA authorised life insurer, Hodge Life Assurance Company Limited (HLAC). HLAC, which has annuity liabilities of roughly £570 million (USD 780 million), intends to stop ... Read the full article
CoreLogic accepts $80 per share acquisition offer
4th February 2021
Property information and analytics provider CoreLogic has accepted an acquisition offer from private equity firms Stone Point Capital and Insight Partners that values the company at $80 per share. CoreLogic has been embroiled in acquisition disputes since July 2020 when it rejected an offer of $65 per share from investors ... Read the full article
AssuredPartners acquires Borland Insurance
4th February 2021
US broker AssuredPartners has successfully acquired Borland Insurance from its founder and Chief Executive Officer John Silcock. Following completion, the business will continue to be led by Silcock, with the intention of using the team’s expertise and networks to drive organic growth of the combined group. The team of 30 will all ... Read the full article
Cyberscout acquired by identity security specialist Sontiq
3rd February 2021
CyberScout, a provider of identity theft resolution, data defense and employee benefits services for the re/insurance industry, is set to be acquired by Sontiq, a portfolio company of The Wicks Group of Companies that specialises in identity security. By acquiring Cyberscout, Sontiq hopes to further expand into the insurance industry with ... Read the full article
2020 US M&A activity up 4.32% over previous year
3rd February 2021
There were 676 mergers and acquisition transactions announced in the US throughout 2020, a 4.32% increase over 2019, according to strategic consulting and advisory firm MarshBerry. MarshBerry itself finished the year having participated in 105 M&A deals, a record year for the firm. It's worth noting that the announced 676 transactions essentially ... Read the full article
Markerstudy Group receives £200mn Pollen Street investment
3rd February 2021
Motor insurer Markerstudy Group has entered into an agreement for a £200 million investment led by Pollen Street Capital. The transaction will see Pollen Street partner with and make a substantial investment alongside the existing founder team, along with QIC who will also participate in the transaction as a strategic partner ... Read the full article
Aon / WTW defend proposed merger after competition concerns raised
29th January 2021
Global re/insurance brokers Aon and Willis Towers Watson (WTW) have cited a range of competitive dynamics in defence of their proposed combination; after the New Zealand (NZ) Commerce Commission's Statement of Issues (SOI) and subsequent responses highlighted some potential concerns. Ahead of an expected completion date sometime in the first-half of ... Read the full article
Charles Taylor acquires Otak’s remaining stake
29th January 2021
Technology solutions provider Charles Taylor has acquired the remaining minority stake in Otak, an insurance technology platform business specialising in delegated authority solutions. With this acquisition, it moves to full ownership of Otak and its product Tide, from owning a controlling majority stake previously. Tide is cloud-based data streamlining solution that was ... Read the full article
Apax Partners acquires PIB Group
29th January 2021
Apax Partners has acquired independent specialist insurance intermediary PIB Group, alongside its management team. Funds advised by The Carlyle Group, PIB’s existing investor since 2015, will re-invest for a minority stake, although the financial terms of the transaction were not disclosed. PIB’s executive management team, led by Chief Executive Officer Brendan McManus ... Read the full article
MassMutual to acquire Great American Life for $3.5bn
29th January 2021
Mutual life insurer MassMutual has announced plans to acquire Great American Life Insurance Company from American Financial Group for $3.5 billion. MassMutual will acquire the annuity business, as well as other subsidiaries and affiliated entities, which primarily offer traditional fixed and fixed indexed annuity products. The transaction is expected to close in ... Read the full article
Jackson to separate from Prudential in Q2 demerger
28th January 2021
UK insurer Prudential has announced that its US business, Jackson National Life (Jackson), will fully separate from the group via a demerger in the second quarter of 2021. The demerger, also known as a spin-off in the US, will lead to a significantly earlier separation of Jackson than would have been ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
