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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.

Alliant forms new M&A unit, led by Jonathan Gilbert

16th September 2019

Alliant Insurance Services has announced the formation of a new brokerage service vertical that will provide expertise to private equity firms and alternative asset investors. The unit, called Alliant Mergers & Acquisitions, will be led by Senior Vice President Jonathan Gilbert. “In the last decade, there has been considerable investment by private ... Read the full article

Davies Group in first US claims deal with Frontier acquisition

13th September 2019

Operations management, consulting and provider of digital solutions, Davies Group, has announced the acquisition of multi-line independent claims adjusting provider, Frontier Adjusters. The deal is Davies Group's fourth acquisition of 2019 and its first U.S. claims deal. The acquisition sees Frontier form the independent adjusting arm of Davies' new US Claims ... Read the full article

RSA combines CRS & GRS units into single commercial division

13th September 2019

RSA UK and International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single unit focused on commercial lines. As part of the merger, CRS Managing Director Rob Gibbs has been appointed to the role of MD, RSA Commercial Lines with immediate effect. Meanwhile, Tony ... Read the full article

Howden & RKH brokerages to be merged by Hyperion

12th September 2019

Hyperion Insurance Group, the global independently owned insurance and reinsurance broking and underwriting organisation, is merging its two broker arms Howden and RKH. Hyperion said that aligning the two broking operations under a single management will "deliver seamless access to the Group’s talent for clients" by bringing together Howden’s international retail ... Read the full article

Prudential set to acquire insurtech Assurance IQ

8th September 2019

US insurance and investment firm Prudential Financial has agreed to acquire Assurance IQ, an insurtech firm that matches buyers with customised insurance solutions. The transaction includes a total upfront consideration of $2.35 billion, plus an additional earnout of up to $1.15 billion in cash and equity, contingent upon Assurance achieving certain ... Read the full article

Tysers to acquire RFIB Group owner RTG

8th September 2019

Specialty Lloyd’s broker Tysers has announced the acquisition of Risk Transfer Group, the parent company of RFIB Group, for an undisclosed fee. Tysers says the move to combine with another independent specialist brokerage demonstrates a commitment to expanding its capabilities and product offering. As part of the deal, RTG Chief Executive Officer ... Read the full article

Smaller reinsurers most vulnerable to takeover: Grimes, Fitch Ratings

6th September 2019

It is the smaller reinsurance firms that cannot take advantage of current market conditions and rate firming which are the most vulnerable to takeover right now, according to Chris Grimes of Fitch Ratings. Grimes, Director of Insurance at the rating agency, explained to us in an interview that despite the improved ... Read the full article

Marsh agrees to split with specialty broker Construction Risk Partners

6th September 2019

Global re/insurance brokerage Marsh has reached an agreement with Construction Risk Partners (CRP), a specialty broker focused on US construction, whereby CRP management will buy back the company’s stock from JLT Specialty USA. CRP will begin operating as an independent construction risk and surety specialty insurance broker with immediate effect, maintaining ... Read the full article

National General to offload Swedish health insurance operation

6th September 2019

National General Holdings Corp. has announced an agreement to sell its Euro Accident Health and Care Insurance Sweden operation to an investor group arranged by Impilo AB, a company focused on Nordic healthcare investments. Euro Accident Sweden is a provider health insurance, predominantly personal medical insurance or PMI, which is an ... Read the full article

Gallagher acquires lettings & landlord insurance broker RGA Group

5th September 2019

Global insurance brokerage Gallagher has announced the acquisition of RGA Group, a UK insurance intermediary comprised of the companies Rentguard Limited, Home & Travel Limited and RGA Underwriting Limited. In aggregate, Brentford-based RGA Group manages the insurance requirements of over 140,000 policyholders and since 2001 has built a multi-channel specialist capability ... Read the full article

U.S. Risk acquires Floridian wholesale brokerage Regency

4th September 2019

U.S. Risk, a Property & Casualty wholesaler and Managing General Agent, has announced the acquisition of Regency Insurance Brokerage Services, a Florida-based wholesale brokerage and Managing General Agent. Though terms of the sale have not been disclosed, it has been confirmed that the Regency team will join U.S. Risk Brokers, the ... Read the full article

Apollo and Athene to acquire GE Capital’s PK AirFinance

29th August 2019

Apollo Global Management, LLC, Athene Holding Ltd. and GE Capital, have entered into a definitive agreement for Apollo and Athene to purchase PK AirFinance from GE Capital's Aviation Services (GECAS) unit. As part of the agreement, Apollo will acquire the PK AirFinance aircraft lending platform and Athene will acquire PK AirFinance's ... Read the full article

Divestiture of Chaucer makes The Hanover a desirable M&A target: JMP

29th August 2019

Analysts have said that following the successful takeover of its Chaucer business by China Re, domestic-focused insurer The Hanover Insurance Group is a desirable merger and acquisition (M&A) target longer term. Now that the Chaucer divestiture is complete, the core of the domestic franchise of The Hanover is a small/middle market ... Read the full article

Lapse in reinsurance M&A as market conditions improve: Fitch

23rd August 2019

Mergers and acquisitions (M&A) activity in the reinsurance industry appears to be have been on hold through 2019 as improved market conditions have shifted the focus towards organic growth opportunities, according to Fitch Ratings. Analysts noted that 2018 and early 2019 were characterised by the completion of several substantial M&A deals, ... Read the full article

Allianz expands in Brazil with €667mn acquisition from SulAmérica

23rd August 2019

Global insurer Allianz has agreed to acquire automobile and other property and casualty (P&C) operations from Brazilian insurer SulAmérica in a deal valued at BRL 3 billion (€667 million). The transaction is expected to significantly expand Allianz’s presence in Brazil, making it one of the top three insurers with a market ... Read the full article

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