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.
Skyward Specialty acquires Aegis Surety & sells XPro in agreements with K2
26th January 2021
Specialty property and casualty (P&C) insurer, Skyward Specialty Insurance Group, Inc., has acquired Aegis Surety from K2 Insurance Services, which in turn has acquired the firm's XPro business. Trevor Hash, Aegis Surety Senior Vice President, will become the Head of Contract Surety, reporting to Skyward Specialty’s Head of Surety, Matthew Semeraro. "Combining ... Read the full article
Willis Re sale deemed necessary for Aon-WTW merger
22nd January 2021
73% of industry participants we approached feel regulators will require Willis Towers Watson to sell its reinsurance subsidiary Willis Re if the much publicised mega-merger with Aon is to go ahead. The two broking giants confirmed that a business combination was being pursued back in March 2020. It's believed such a ... Read the full article
Milestone Partners builds out specialty insurance holdings
22nd January 2021
Investment firm Milestone Partners has announced the formation of a specialty insurance holding company, Insure Homes Holdings LLC, through which it has acquired control of Cypress Group Holdings, Inc., including reinsurance brokerage subsidiaries Access Re and Vista Re. Cypress is a holding company that owns managing general agent and insurance carrier ... Read the full article
Increased scale will unlock market opportunities, says SiriusPoint
21st January 2021
SiriusPoint, the new insurer and reinsurer incepted via the combination of Third Point Re and Sirius Group, has said that increased scale will allow it to capitalize on more market opportunities. In a recent presentation, SiriusPoint explained that the enhanced scale and underwriting capabilities provided by its merger will make it ... Read the full article
Sixth Street to acquire Talcott Resolution
20th January 2021
Global investment firm Sixth Street has agreed to acquire Talcott Resolution Life Insurance Company from a consortium of investors led by Cornell Capital, Atlas Merchant Capital, TRB Advisors, Global Atlantic Financial Group, Pine Brook, J. Safra Group, and The Hartford. Talcott Resolution manages over $90 billion in liabilities and surplus for ... Read the full article
Constellation acquires INSUREtrust
20th January 2021
Constellation Affiliated Partners has acquired INSUREtrust, a specialty wholesale broker and MGA headquartered in Atlanta, Georgia. INSUREtrust distributes cyber liability, technology errors & omissions, and miscellaneous professional liability coverages. Alongside its acquisition by Constellation, a New York-based insurance consolidator platform, the INSUREtrust team also announced the promotion of Christiaan Durdaller to President ... Read the full article
HSBC & Etiqa named as shortlisted bidders for AXA Singapore: reports
20th January 2021
British bank HSBC Holdings and Etiqa, the majority owned Malayan Banking insurance joint-venture, have been named as two of the shortlisted bidders for the Singapore operations of global insurer and reinsurer AXA, reports Bloomberg. According to reports, people familiar with the matter have said that the sale of AXA Singapore could ... Read the full article
Gallagher acquires Atlas General Insurance Services
20th January 2021
Re/insurance broker Arthur J. Gallagher & Co. has announced the acquisition of San Diego-based multiline program manager and managing general agency Atlas. Founded in 2009 by Bill Trzos, Atlas offers workers compensation, commercial lines and specialty property programs nationwide, with expertise in the California workers compensation market. Mike Mathews, Charles Lasher and ... Read the full article
Intact gains approvals for RSA acquisition
20th January 2021
Canadian property and casualty insurer Intact gained shareholder approval for its proposed joint-takeover of UK insurer RSA. The company also received unconditional approval for the Acquisition from the Canadian Competition Bureau. A majority of RSA shareholders likewise voted to approve the acquisition. Back in November, Intact announced the successful completion of a ... Read the full article
ProSight to be acquired by TowerBrook & Further Global in $586mn deal
15th January 2021
Specialty insurer ProSight Global, Inc. is to be acquired by affiliates of international investment management firm, TowerBrook Capital Partners L.P. and Further Global Capital Management, a private equity firm with a focus on the financial services industry. Affiliates of TowerBrook and Further Global have signed a definitive merger agreement to acquire ... Read the full article
Gallagher to acquire specialist UK broker Bollington
13th January 2021
Global insurance broker Arthur J. Gallagher & Co. has signed an agreement to acquire 100% of The Bollington Wilson Group, a specialist UK broker. Bollington was founded in 1973 and has divisions in SME, micro-SME and personal lines. The business will become part of Gallagher's UK Retail Division and its CEO will remain with ... Read the full article
Royal Chartered Insurance to be acquired by IORC
12th January 2021
Royal Chartered Insurance has announced that it will be acquired by IORC Export & Credit Insurance Corporation. The insurer offers a range of products and services involving various classes of insurance, which have been designed and developed in collaboration with leading international insurance, reinsurance companies, and recognised banks. Royal Chartered Insurance works ... Read the full article
Alliant acquires employee benefit platform Vertus
12th January 2021
Alliant has acquired employee benefit platform Vertus in a bid to improve benefit schemes for its employees. The strategic acquisition adds a diverse profile of services and global benefits capabilities to the company’s current employee benefits group. Vertus provides a range of services which includes medical and RX, dental, life, disability, absence ... Read the full article
Despite Q4 rebound, 2020 M&A activity fell to lowest level since GFC: WTW
12th January 2021
In spite of a rebound in the final quarter of the year, re/insurance broker Willis Towers Watson (WTW) reports that in 2020, global mergers and acquisitions (M&A) activity declined to its lowest level since the aftermath of the global financial crisis (GFC). The latest research on completed M&A deals from the ... Read the full article
National Lloyds rebrands after ReAlign acquisition
8th January 2021
National Lloyds Insurance Company has announced that it has rebranded as National Summit Insurance Company following its acquisition by ReAlign Insurance Holdings, Inc. back in July 2020. The rebranding also follows the conversion of National Lloyds from a Texas Lloyds Plan company into a capital stock insurance company. The company, now ... Read the full article
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