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.
Constellation acquires Coastal Insurance Underwriters & Cybercom
4th January 2021
Constellation Affiliated Partners has announced the acquisition of Coastal Insurance Underwriters (Coastal) and Cybercom. Through these acquisitions, Constellation hopes to continue to expand its product offerings to the Condominium Association and Homeowner’s Association marketplace. “These new business classes complement many of our existing programs and will provide increased product access to our ... Read the full article
One80 acquires Chicago-based Brokers’ Risk
31st December 2020
One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), and insurance aggregator headquartered in Boston, has announced the acquisition of Brokers’ Risk. Brokers’ Risk is a Chicago-based managing general underwriter that specialises in developing and managing insurance and risk management programs. Founded in 1979, the Brokers’ Risk has offices ... Read the full article
AJ Gallagher acquires Harden & Associates in Florida
30th December 2020
International insurance brokerage firm Arthur J. Gallagher & Co. has announced the acquisition of Harden & Associates, Inc., a full-service insurance broker headquartered in Jacksonville, Florida. With additional offices in Amelia Island and Tampa, Harden offers retail property/casualty, employee benefits and related services to businesses and individuals primarily in Florida, In particular, ... Read the full article
Blackstone invests in SUNZ Holdings
30th December 2020
Investment management firm Blackstone Tactical Opportunities has acquired a significant stake in SUNZ Holdings, in order to help fund its continued expansion. SUNZ is a provider of workers compensation insurance and related services such as policy administration, claims administration and customer support. SUNZ has a particular focus on risk sharing programs for ... Read the full article
Sompo International completes DCIS acquisition, rebrands crop unit
30th December 2020
Bermuda-based specialty property and casualty re/insurer Sompo International Holdings Ltd. (SIH) has completed its previously announced acquisition of Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises, Inc. (CGB). DCIS and ARMtech, Sompo International’s existing US federally sponsored multi-peril crop insurer, will now operate under the brand name AgriSompo ... Read the full article
R&Q completes Marilac acquisition
30th December 2020
Randall & Quilter II Holdings Limited, a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has completed the acquisition of Marillac Insurance Company (Marillac), the Cayman captive insurer of Verity Health System of California. The transaction, which has received bankruptcy court and all regulatory approvals, is the second Cayman ... Read the full article
Admiral Group sells price comparison sites to RVU
29th December 2020
Admiral Group has agreed to sell its Penguin Portals business, comprising online comparison portals Confused.com, Rastreator.com and LeLynx.fr, to ZPG Comparison Services Holdings UK Limited (RVU). As part of the transaction, RVU will also acquire tech unit Admiral Technologies, as well as Admiral’s 50% share of Preminen Price Comparison Holdings Limited. Alongside ... Read the full article
R&Q to acquire the Vibe Group
24th December 2020
Randall & Quilter II Holdings Limited, a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has reached an agreement to acquire the entire issued share capital of the Vibe Group. The agreement includes the acquisition of Vibe Services Management Limited, Vibe Corporate Member Limited, and Vibe Syndicate Management Limited. The ... Read the full article
Sompo acquires aviation insurer W. Brown
23rd December 2020
Bermuda-based P&C re/insurer Sompo International has acquired W. Brown & Associates Insurance Services (W. Brown), a general aviation insurer. W. Brown has been a managing general underwriter (MGU) for Sompo International (SI) since 2016. Following the acquisition, the W. Brown operations will remain intact and it will become a wholly owned subsidiary ... Read the full article
DARAG acquires motor insurer in Luxembourg
22nd December 2020
Legacy acquirer DARAG Group Limited has completed the acquisition of Arisa Assurances, an automobile and travel insurance company based in Luxembourg. Arisa, which represents DARAG’s first company acquisition in Luxembourg, was previously owned by ADAC Versicherung AG. Its insurance portfolio consists primarily of motor third party liability business, and will be transferred ... Read the full article
EC confirms “in-depth investigation” of Aon / WTW merger
21st December 2020
The European Commission (EC) has now confirmed that it has opened what it calls an "in-depth investigation" of insurance and reinsurance broker Aon's proposed acquisition of rival Willis Towers Watson (WTW). The European Commission (EC) said it will carefully investigate the proposed acquisition and merger to establish whether the combination of ... Read the full article
Specialist Risk Group to be acquired by PE firm HGGC
21st December 2020
Insurance brokerage Specialist Risk Group (SRG) has signed a definitive agreement to be acquired by HGGC, a leading middle-market private equity firm. Under the terms of the agreement, SRG's management team will invest alongside HGGC and continue to hold a significant stake in the business. The deal also sees existing investor, ... Read the full article
Ares wraps up F&G acquisition
21st December 2020
Ares Management and its indirect subsidiary Aspida Holdings have completed the previously-announced acquisition of F&G Reinsurance from FGL. As part of the transaction, Aspida will enter into a strategic flow reinsurance agreement with Bermuda-domiciled life and annuity reinsurer F&G, related to certain annuity products. F&G will continue to operate as a reinsurance ... Read the full article
HCI acquires personal lines business from United (UPC)
17th December 2020
Florida-based insurtech HCI Group has agreed to acquire personal lines insurance business in four northeastern US states from P&C insurer United Insurance Holdings Corp. (UPC). Under the agreement, HCI will provide 69.5% quota share reinsurance on all of United’s in-force, new and renewal policies in Connecticut, Massachusetts, New Jersey, and Rhode ... Read the full article
Aon / WTW divestitures would reduce benefits of merger: KBW
16th December 2020
Following reports that regulators may investigate the merger deal between Aon and Willis Towers Watson (WTW) on anti-trust grounds, analysts at KBW have warned that any resulting divestitures could reduce the benefits of the combination. Sources at Reuters said yesterday that a full-scale review into the $30 billion Aon / ... Read the full article
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