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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.

Enstar rejects potential sale of Atrium and StarStone

19th September 2018

Enstar has announced that it is “no longer assessing market interest” regarding the potential sale of its active underwriting businesses, Atrium and StarStone. The insurance, reinsurance and run-off specialist revealed in June said that it had, alongside fellow investor Stone Point Capital LLC, engaged an investment bank to assess interest ... Read the full article

R&Q set to acquire Global Re U.S for $80.5m

19th September 2018

Specialist non-life insurance investor, service provider and underwriting manager, Randall & Quilter Investment Holdings, has signed a definitive agreement to acquire Global U.S Holdings Incorporated from AXA DBIO, a subsidiary of investment funds managed by AXA Liabilities Managers. The deal will see R&Q acquire Global U.S Holdings’ insurance subsidiary Global Re ... Read the full article

SCOR & Covéa rumours continue, as activist investors mobilise

19th September 2018

French insurance group Covéa is continuing to examine new approaches to a potential acquisition of SCOR after its offer of €8.2 billion (US $9.6 billion) was rejected last month, while pressure mounts for SCOR as activist investors urge CEO Denis Kessler to engage in talks. Sources at Reuters said that ... Read the full article

AFL acquires Zodiac MGA for undisclosed sum

19th September 2018

AFL Insurance Brokers, an Independent Lloyd’s broker, has acquired a majority stake in New Jersey-based Zodiac Insurance Services, for an undisclosed sum. Zodiac is a Lloyd’s managing general agent (MGA) underwriting in excess of $10 million casualty lines business in the U.S and specialises in professional, entertainment and event insurance. “Our acquisition ... Read the full article

Warranty and indemnity claims now a constant feature of M&A: AIG

18th September 2018

Warranty and indemnity (W&I) insurance claims are likely to be a constant feature in mergers and acquisitions (M&A) deals going forward, with almost one in five policies receiving a claim notification this year, according to analysis by AIG. The company’s third annual W&I report looks at claims arising from AIG policies ... Read the full article

American Financial open to offers for Neon

18th September 2018

American Financial Group (AFG) executives are said to be open to offers for the insurance and reinsurance business of Neon, if the price is right. Senior executives including AFG co-CEO Carl H. Lindner III, CFO Jeff Consolino, and AVP Investor Relations Diane Weidner participated in analyst Buckingham Research's second annual Boston ... Read the full article

Marsh & Mclennan acquires JLT for $5.6 billion

18th September 2018

Major mergers & acquisitions news breaking this morning, as it has been announced that broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) is to acquire Jardine Lloyd Thompson Group plc for $5.6 billion. The acquisition sees another of the mid-sized global insurance and reinsurance brokers going to a new ... Read the full article

Thomas Miller to acquire Zeller Associates insurance operations

17th September 2018

Thomas Miller, an international insurance services provider, has announced that it has agreed to purchase the Managing General Agency and Insurance Services operations of specialist insurance services group Zeller Associates. Zeller Associates mainly provides risk related and insurance services for shipping, trade and transport, but also focuses on other specialist areas ... Read the full article

SCOR negotiating sale of Rehalto subsidiary to Workplace Options

17th September 2018

French reinsurance giant SCOR has announced that it is in exclusive negotiations with the employee support services provider Workplace Options concerning a worldwide distribution partnership agreement and the sale of SCOR Global Life’s employee wellness solutions subsidiary, Rehalto. A partnership with Workplace Options would enhance SCOR Global Life’s global offering of ... Read the full article

The Carlyle Group claims majority stake in Sedgwick for $6.7bn

13th September 2018

Sedgwick, a global provider of technology-enabled risk, benefits, and integrated business solutions, has announced that affiliates of funds managed by The Carlyle Group have become its majority owner in a $6.7 billion transaction. The company's current majority shareholder, KKR, will fully exit its position following the transaction, while funds managed by ... Read the full article

China Re acquires Chaucer from The Hanover in $950m deal

13th September 2018

China Re, one of Asia’s leading reinsurers, has acquired The Hanover’s London-based Specialty business Chaucer in a deal that totals $950 million and accelerates the state-backed group's international development. The transaction includes a cash consideration from China Re of $865 million and a pre-signing dividend from Chaucer of $85 million, received ... Read the full article

AXA completes acquisition of XL Group

13th September 2018

French insurance and investment giant AXA has announced that it has completed its acquisition of Bermudian property and casualty (P&C) insurance and reinsurance firm XL Group Ltd. The completion of the transaction follows the fulfilment of all necessary closing conditions, including approval by XL Group shareholders and obtention of all necessary ... Read the full article

Reinsurance sector consolidation to continue: Fitch

12th September 2018

Global ratings agency Fitch is anticipating further consolidation across the reinsurance industry, driven by intense market competition and capital levels, alongside a lack of scale and diversification amongst smaller players. Fitch explains that marginalised firms that are under increasing pressure in a highly competitive operating landscape are being pushed to explore ... Read the full article

Nexus completes acquisition of Huntington Underwriting

7th September 2018

Specialty managing general agent (MGA) Nexus Group has completed its acquisition of Huntington Underwriting Limited (HUL), a structured solutions underwriting manager and associate of the Singapore headquartered services group Huntington Group Pte Ltd. HUL has operated out of Labuan International Business and Financial Centre, Malaysia since 2014, and is licensed by ... Read the full article

Enstar’s Maiden Re acquisition to include reinsurance arrangement

5th September 2018

As part of its $307.5 million acquisition of Maiden Re North America, which was announced last week, Enstar Group Limited will enter into a reinsurance agreement with Maiden Re via Enstar’s subsidiary, Cavello Bay Reinsurance Limited. The transaction will see Cavello and Maiden Re enter into a novation agreement and ... Read the full article

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