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Mergers & acquisitions news

Reinsurance mergers and acquisitions news, covering details of M&A transactions in the works and completed, between insurance, reinsurance and related companies.

Travelers partners with ASQ Underwriting on U.S transactional risk

16th January 2019

The Travelers companies, Inc. has partnered with managing general underwriter (MGU) ASQ Underwriting to offer transactional risk insurance in the U.S. Travelers explained that the move would enable it to meet the growing demand for M&A risk mitigation tools, which allow strategic and private equity investors to reduce their deal risk ... Read the full article

Greenlight Re to make second investment in tech-driven MGU AccuRisk

15th January 2019

Cayman Islands-based specialist property and casualty reinsurer Greenlight Capital Re has announced plans to invest in AccuRisk Solutions, a managing general underwriter (MGU) focused on employee and health insurance benefits. It's believed this investment will facilitate AccusRisk’s planned expansion via a series of strategic acquisitions in North America. Having first invested in ... Read the full article

AmWINS to acquire Florida’s The Flood Insurance Agency

14th January 2019

Global specialty insurance provider, AmWINS Group, Inc., has agreed a deal in principle to acquire Florida-based managing general agency (MGA), The Flood Insurance Agency. The Flood Insurance Agency specialises in private market flood insurance, providing access to an alternative to the National Flood Insurance Program (NFIP). Operating as a Program Administrator for ... Read the full article

Premia Holdings acquires Public Service Insurance Company out of rehabilitation

11th January 2019

Bermuda-based property & casualty re/insurance run-off group Premia Holdings has acquired Public Service Insurance Company (PSIC) and its subsidiary Western Select Insurance Company (WSIC) after the two businesses were placed into rehabilitation by the state of Illinois in 2017. In what the company calls a groundbreaking transaction, Premia has acquired certain ... Read the full article

Chicago-based broker Hub International acquires The Rubin Group

10th January 2019

Chicago-headquartered global insurance brokerage Hub International Limited has announced the acquisition of New York-based insurance and risk management firm The Rubin Group for an undisclosed fee. The Rubin group specialises in commercial and personal insurance, providing a portfolio of business and industry-specific insurance solutions and risk mitigation strategies in industries such ... Read the full article

Marsh & McLennan issues $5bn senior debt to fund JLT acquisition

9th January 2019

Broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) has outlined plans to issue $5 billion of senior debt to fund its previously announced $5.6 billion acquisition of Jardine Lloyd Thompson Group (JLT). The offering consists of six tranches of senior notes with maturities of up to 30 years. MMC stated ... Read the full article

Brit announces strategic investment in A&H MGU Sutton Special Risk

8th January 2019

Global specialty re/insurer Brit Limited has made a strategic investment in Sutton Special Risk, a Managing General Underwriter (MGU) specialising in Accident & Health (A&H). Brit states the investment offers attractive exposure to an MGU experiencing rapid growth and a strong presence in Canada and the U.S. “We are delighted to announce ... Read the full article

White Mountains acquires minority stake in P&C insurer Noblr

8th January 2019

Bermuda domiciled financial services holding company White Mountains Insurance Group has acquired a minority equity stake in property and casualty insurance provider Noblr. A new company, Noblr provides consumers with real-time insurance rates and real-time feedback on driving behavior by leveraging telematics and Noblr's own proprietary technology. Gary Tolman, Noblr’s co-founder, commented, ... Read the full article

Amynta Group acquires ClearView Risk Holdings

8th January 2019

Amynta, a group created in 2018 from Madison Dearborn Partners’ acquisition of a number of AmTrust Financial Services U.S fee businesses, has acquired ClearView Risk Holdings, a differentiated habitational MGA and specialised transactional wholesale brokerage. ClearView controls over $200 million of premium and is the parent holding company for Strata Underwriting ... Read the full article

Continental Re incorporates subsidiary, appoints Swiss Re’s Oumar BA to lead

7th January 2019

Pan-African reinsurer Continental Reinsurance has completed the incorporation of a subsidiary office in Douala, Cameroon, and appointed former Swiss Re Regional Manager Oumar BA to head it up. The company started its operations in Douala in 2004 as a branch office and later opened its Abidjan office in 2012 to diversify ... Read the full article

Arthur J. Gallagher signs definitive agreement to acquire Stackhouse Poland

7th January 2019

U.S global insurance brokerage and risk management services firm, Arthur J. Gallagher & Co. has announced the signing of a definitive agreement to acquire specialist UK insurance broker Stackhouse Poland. This announcement follows reports last week that the private equity owners of Stackhouse Poland had hired individuals from global independent ... Read the full article

Rothesay reportedly planning to acquire Swiss Re’s ReAssure

4th January 2019

Specialist insurance firm Rothesay Life is reportedly planning a £3.5 billion acquisition of ReAssure, the UK arm of reinsurance giant Swiss Re, according to Sky News reports. Global reinsurer Swiss Re announced last year that it planned to explore a potential IPO of ReAssure in 2019, with the firm's Chief Executive ... Read the full article

POP Insurance, Allianz launch Fusion Specialty M&A

4th January 2019

Specialist insurance group POP Insurance Holdings Pty Ltd., in partnership with Allianz Global Corporate Specialty (AGCS), a division of Allianz Australia Insurance Limited, has announced the launch of Fusion Specialty M&A MGA (Fusion M&A). The new unit is already writing business, and is offering a full suite of transactional insurance solutions, ... Read the full article

Safety National Casualty acquires U.S broker Midlands Management

3rd January 2019

Safety National Casualty Corporation, a multi-line specialty re/insurer and member of the Tokio Marine Group, has acquired U.S broker Midlands Management Corporation. Midlands Management is a managing general agent (MGA), wholesale broker, program administrator and insurance services provider with a specialty in excess workers’ compensation. Following the transaction, the company will become ... Read the full article

Ardonagh Group acquires UK broker Swinton for £165mn

3rd January 2019

The Ardonagh Group has completed its planned £165 million acquisition of UK personal lines broker Swinton Group Limited from Covéa Group. Ardonagh revealed that it has now received regulatory approval for the deal, which it originally announced in September 2018. The broker funded the acquisition with committed financing from its existing bank ... Read the full article

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