Reinsurance News
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.
BMS names Emmanuel Clarke as Chairman as Eurazeo investment completes
28th September 2023
French private equity firm Eurazeo has now completed its investment into global insurance and reinsurance broker BMS Group, which coincides with former PartnerRe Chief Executive Officer (CEO), Emmanuel Clarke, taking over as Chairman. It was announced in December 2022 that up to 34% of BMS' share capital was to be ... Read the full article
Hiscox to sell DirectAsia business to Ignite Thailand Holdings Limited
27th September 2023
International specialist insurer Hiscox has entered into an agreement to sell DirectAsia, its business operations in Singapore and Thailand predominantly providing motor insurance, to Ignite Thailand Holdings Limited, the parent of the Roojai group of companies. DirectAsia was founded in Singapore in 2010 and launched in Thailand in 2013. Hiscox describes ... Read the full article
James River agrees to sell IRWC renewal rights to Amynta Group
26th September 2023
James River Group Holdings has announced that certain of its subsidiaries have entered into an agreement to sell the renewal rights to their Individual Risk Workers’ Compensation (IRWC) business to Amynta Group. The transaction includes the full operations of the business, including underwriting, loss control and claims, and the transfer of ... Read the full article
Arthur J. Gallagher & Co. acquires Hartley Cylke Pacific Insurance Services
26th September 2023
Arthur J. Gallagher & Co. has acquired San Diego, California-based Hartley Cylke Pacific Insurance Services, Inc. Hartley Cylke Pacific Insurance is a retail insurance broker that specialises in transportation for clients throughout California and Arizona. According to Gallagher, Hartley Cylke Pacific Insurance's Michael Hartley (President), John Cylke (Vice President), James Hawes (Agent/Broker) and ... Read the full article
Aviva acquires AIG’s UK protection business for £460m
25th September 2023
Aviva has announced the acquisition of AIG Life Limited (AIG Life UK) from Corebridge Financial, Inc., a quoted subsidiary of AIG, for a consideration of £460 million. The transaction is subject to customary closing conditions including regulatory approvals, and is expected to close in the first half of 2024. AIG Life ... Read the full article
Arthur J. Gallagher & Co. acquires insurance broker Ace
22nd September 2023
Arthur J. Gallagher & Co. has acquired Ace Commercial Insurance Center (Ace), a specialist insurance broker serving the trucking industry primarily in Southern California. Terms of the transaction were not disclosed. According to the announcement, Jackie Hoang, President and CFO; Anhdy Nguyen, VP of Operation Underwriting; and the rest of their ... Read the full article
R&Q confirms in advanced talks over sale of Accredited business to Onex
22nd September 2023
Global non-life specialty insurer R&Q Insurance Holdings has confirmed that it is now in advanced talks regarding a potential sale of its Accredited program Management business to private equity investment manager Onex Corporation. The news was reported last night and this morning R&Q has filed a stock exchange announcement confirming its ... Read the full article
Arthur J. Gallagher acquires Eastern Insurance Group
21st September 2023
The global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has signed a definitive agreement to acquire Eastern Insurance Group, LLC (Eastern Insurance), a subsidiary of Eastern Bank. Massachusetts-based Eastern Insurance offers comprehensive commercial property and casualty and personal lines products, as well as employee benefits ... Read the full article
Brown & Brown set to acquire MGA Occam Underwriting Limited
20th September 2023
Brown & Brown Europe, part of Brown & Brown Inc., has agreed to acquire 100% of the share capital of Occam Underwriting Limited, a London-based MGA and Lloyd’s Coverholder. Occam has been majority-owned by Hudson Structured Capital Management Ltd. (carrying out its re/insurance business as HSCM Bermuda) since 2021, after making ... Read the full article
Ardonagh’s Atlanta to merge with Markerstudy to create major personal lines platform
15th September 2023
Ardonagh has agreed to a merger between its personal lines broking business Atlanta, and Markerstudy, to create a major new platform transacting over £3bn annual GWP across multiple insurance products in the UK insurance market. The transaction, subject to customary conditions, values Atlanta at £1.2bn and will be funded by a ... Read the full article
Origami Risk expands P&C insurance solutions with Dais acquisition
15th September 2023
Origami Risk, a risk, safety, and insurance Software as a Service (SaaS) technology firm, has acquired Dais Technology, a provider of no-code insurance technology. Terms of the transaction were not disclosed. This move will increase Dais’ market reach and client support capabilities and expands Origami’s innovative suite of property and casualty ... Read the full article
Core Specialty to acquire Conifer’s Security & Alarm Business
15th September 2023
Core Specialty and its subsidiaries have entered into a series of transactions with Conifer Holdings to acquire Conifer’s Security & Alarm Business. Core Specialty explained that the Security & Alarm Business provides general liability, excess/umbrella, and selected other coverages to the niche Security Guards, Alarm Contractors, Private Investigators, and Trade Contractors ... Read the full article
Burns & Wilcox acquires Environmental Underwriting Solutions
14th September 2023
Global wholesale insurance brokerage and underwriter, Burns & Wilcox, has reached a definitive agreement to acquire Environmental Underwriting Solutions (EUS), a wholesale insurance broker specializing in placing complex environmental exposures, from the Insurance Office of America (IOA). The deal is expected to close in the next six weeks. EUS is recognized for its ... Read the full article
One80 Intermediaries acquires Enviant
14th September 2023
Specialty insurance broker One80 Intermediaries, headquartered in Boston, has acquired the assets of Enviant from Euclid Program Managers. Enviant is based in Houston, Texas, and focused exclusively on providing a comprehensive suite of environmental products and services to a range of commercial clients. Since 2016, Enviant has been part of the Euclid ... Read the full article
Artex Capital acquires Bermuda-based Frontier Financial Services
13th September 2023
Artex Capital Solutions, a division of Artex Risk Solutions, Gallagher's wholly-owned subsidiary, has acquired Bermuda-based Frontier Financial Services Limited. Frontier is a management firm that specialises in consulting, recruitment, business services and immigration services predominantly to reinsurance clients in Bermuda. Kathleen Faries, CEO, Artex Capital Solutions, commented on the acquisition, “Artex and ... Read the full article
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