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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.

Athora completes VIVAT acquisition & sale of non-life segment to NN Group

3rd April 2020

European life insurance and reinsurance group, Athora Holding, Ltd., has announced the completion of its previously announced acquisition of VIVAT N.V. from Anbang Group Holdings Co Limited, while NN Group has taken control of VIVAT Schadeverzekeringen N.V., VIVAT's non-life operation. The transaction was announced back in June of 2019 and ... Read the full article

Marsh & McLennan Agency acquires Assurance Holdings

3rd April 2020

Marsh & McLennan Agency, the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Illinois-based Assurance Holdings. Assurance was founded in 1961 and is a full-service brokerage providing business insurance, employee benefits, private client insurance and retirement services to companies and individuals across the country. The company ... Read the full article

CAC Specialty adds Edward Krayer as SVP in M&A solutions team

2nd April 2020

Specialty insurance broker and investment banking platform CAC Specialty has appointed Edward Krayer as senior vice president in its M&A Solutions team. Krayer joins with over 14 years’ experience in the industry and has served as vice president at Aon, senior vice president at JLT, and, most recently, director at Willis ... Read the full article

Insurance M&A in Jan 2020 totalled $1.3bn: GlobalData

2nd April 2020

Total insurance industry mergers and acquisition deals in January 2020 hit $1.3 billion according to GlobalData, down 91.3% from the previous month. In terms of volumes, North America was the top region for insurance M&A deals globally, followed by Europe and then Asia-Pacific. The top country in terms of M&A deals activity ... Read the full article

Nexus division completes trade credit takeover from Howden UK

2nd April 2020

Xenia Broking Group, the independent broking arm of insurance intermediary holding company Nexus Group, has completed its acquisition of the trade credit business of Howden UK Group Limited. The acquisition was announced last month, and will see Xenia integrate Howden’s trade credit business with its regulated entity Credit Risk Solutions ... Read the full article

Catalina Holdings takes control of Asia Capital Re

31st March 2020

Bermuda-based insurance and reinsurance run-off and legacy specialist, Catalina Holdings, has completed its previously announced acquisition of Singapore headquartered reinsurer, Asia Capital Reinsurance Group Pte. Ltd. The change of control of the Asian reinsurer is effective March 31st, 2020 and marks the completion of Catalina's first acquisition in Asia, with ... Read the full article

Covéa committed to PartnerRe acquisition despite COVID-19 impacts: reports

30th March 2020

Despite the global COVID-19 coronavirus pandemic having a significant impact on European countries, driving meaningful and widespread financial market volatility, Covéa has reportedly said that it remains committed to its deal with Exor to acquire reinsurer PartnerRe. In early March, Covéa and Exor announced the signing of a Memorandum of Understanding ... Read the full article

Monument Re to acquire Bermuda-based GreyCastle Holdings

27th March 2020

Monument Re, the life reinsurance and insurance holding company, has announced the acquisition of Bermuda-based annuity and life risks focused GreyCastle Holdings Ltd and its subsidiaries. The subsidiaries include GreyCastle Life Reinsurance (SAC) Ltd and GreyCastle Services, and Monument Re has reached an agreement to acquire the firm from the shareholders ... Read the full article

Sirius Group announces launch of formal sales process

27th March 2020

Bermuda domiciled global multi-line insurer and reinsurer, Sirius International Insurance Group, has announced the expansion of its strategic review and the launch of a formal process to sell the company. Previously, the firm's Board of Directors engaged Barclays to assist in the review of the terms of a capital raise arrangement ... Read the full article

BMS Group subsidiary acquires specialist broker Jurado Mata

26th March 2020

Independant specialist re/insurance broker BMS Group has announced the acquisition of Jurado Mata by its Spanish subsidiary, BMS Iberia. Jurado Mata was founded in 1990 and provides a range of affinity, commercial and personal lines solutions to a number of clients across Spain. Juan Mata, Chief Executive Officer of Jurado Mata, will ... Read the full article

Aon’s Eric Andersen, WTW’s Julie Gebauer to lead integration

25th March 2020

Global insurance and reinsurance broker Aon has confirmed to Reinsurance News that Eric Andersen, President of Aon and Julie Gebauer, Head of Human Capital & Benefits at Willis Towers Watson (WTW), will lead the integration of the two brokerage firms. On the 9th of March, 2020 Aon announced that a ... Read the full article

Markel invests in building product firms Lansing & Harvey

25th March 2020

Markel Corporation has entered into an agreement to acquire a majority interest in Lansing Building Products, a supplier of exterior building products and materials in the US. At the same time, Lansing has enhanced its geographic reach via the acquisition of the distribution business of Harvey Building Products. Established in 1955 in ... Read the full article

Kingsbridge set to acquire NSM Insurance Group

25th March 2020

The Kingsbridge Group, a UK provider of specialist insurance services to contractors, has agreed to acquire NSM Insurance Group for an undisclosed sum. NSM is based in Conshohocken, Pennsylvania, and is an industry leader in the development, implementation, marketing and underwriting of profitable, industry-specific insurance programs. The deal marks an exit for ... Read the full article

Coronavirus could delay Genworth & China Oceanwide merger

24th March 2020

Mortgage insurer Genworth Financial has said that its planned merger agreement with China Oceanwide Holdings Group Co., Ltd. may be further delayed due to operational disruptions caused by the coronavirus. The New York State Department of Financial Services (NYDFS) recently reapproved the proposed acquisition of control by Oceanwide of Genworth's New ... Read the full article

Could market decline force M&A price renegotiations? (Covea-PartnerRe, Aon-WTW)

23rd March 2020

With pressures from the coronavirus (COVID-19) outbreak causing a surge in market volatility and significant decreases in share prices, there could be a question mark over some of the larger merger and acquisition (M&A) deals announced recently. For example, PartnerRe shares were valued at US $27.20 per share on the New ... Read the full article

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