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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.

Combined Aon / WTW to foster a new standard of client leadership & innovation

17th September 2020

The "once-in-a-generation" combination of global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), will deliver distinctive client insight, advanced analytical capabilities, and superior outcomes, according to Greg Case, Chief Executive Officer (CEO) of Aon and John Haley, CEO of WTW. Following weeks of speculation, Aon confirmed back in ... Read the full article

Blenheim parent secures £80mn investment from Alchemy

17th September 2020

White Bear Capital, the parent company of Lloyd's syndicate Blenheim, is to receive an investment of £80 million from Alchemy Special Opportunities Fund IV, a closed private equity fund managed by Alchemy Partners. As part of the deal Alchemy will take a substantial stake in the group alongside the staff and existing investor ... Read the full article

Novacap announces acquisition of GroupAssur

17th September 2020

Canadian equity firm, Novacap has announced the acquisition of a majority interest in GroupAssur Inc. GroupAssur is a general agent that specialises in Property and Casualty insurance lines, offering insurance products across Canada. Headquartered in Montreal, GroupAssur provides insurance solutions to its country-wide network of Canadian brokers. Marcel Larochelle, Managing Partner, Financial Services ... Read the full article

CoreLogic rejects second takeover offer from Senator & Cannae

16th September 2020

Property information and analytics provider CoreLogic has rejected a second acquisition offer from investors Senator Investment Group LP and Cannae Holdings Inc. The two investors, who have been moving to replace CoreLogic’s Board following the rejection of their original proposal, revised their offer upwards from $65.00 to $66.00 per ... Read the full article

SRS acquires Dyna Management Services

16th September 2020

Strategic Risk Solutions (SRS) has announced that it will be acquiring the operations of Dyna Management Services Ltd. Dyna is an independently owned insurance management company headquartered in Bermuda. It’s been decided that all staff of Dyna will remain with the firm, including Terence Power, the current CEO and founder of Dyna, ... Read the full article

Aviva agrees to sell £1.6bn majority stake in Singapore business

14th September 2020

UK insurer Aviva has agreed to sell a majority stake in its Singapore business for £1.6 billion to a consortium led by insurtech Singlife. In Singapore, the new business will be initially branded as Aviva Singlife. The £1.6 billion Aviva will recieve includes £1.2 billion in cash and marketable securities, £143 million in ... Read the full article

Continental Re acquires 100% ownership of Botswana subsidiary

14th September 2020

Following its recent acquisition of a minority 40% stake in Continental Reinsurance Ltd (Botswana), Continental Reinsurance Plc now holds 100% of the issued ordinary share capital in the subsidiary. Continental Re says the acquisition entrenches its stature as a strong pan-African reinsurance brand and bolsters its commitment to delivering value to ... Read the full article

Third Point Re reaches agreement with Sirius shareholders

11th September 2020

Shareholders of Sirius International Insurance Group have agreed to remain as investors in the company following the completion of its merger with Bermuda-based reinsurer Third Point Reinsurance. First announced last month, the merger will see Sirius and Third Point Re combine into an entity called SiriusPoint Ltd, in a transaction ... Read the full article

Aston Lark acquires Lloyd’s broker Brunel Professions

11th September 2020

Chartered insurance broker Aston Lark has announced the acquisition of Lloyd’s broker Brunel Professions. Established in 2005, Brunel Professions specialises in PII, D&O and Cyber Insurance. The company also provides an in-house specialist claims handling and risk management service. Commenting on the acquisition, Peter Blanc, Aston Lark Group CEO, said, “I’m delighted to ... Read the full article

Empower in $3.3bn acquisition of MassMutual’s retirement plan business

9th September 2020

Empower Retirement is set to acquire the retirement plan business of mutual life insurer MassMutual in a reinsurance transaction for a ceding commission of $2.35 billion. In addition, the balance sheet of the transferred business will be supported by $1 billion of required capital when combined with Empower’s existing US business. Through ... Read the full article

Cohen & Company acquisition vehicle completes $230mn IPO

9th September 2020

Fixed income financial services specialist Cohen & Company has announced that INSU Acquisition Corp. II has completed its initial public offering (IPO), raising $230 million in the process. First announced back in July, INSU Acquisition Corp. II is a blank-check company sponsored by Cohen & Company, formed for the purpose ... Read the full article

Arch Capital eyeing $500m acquisition of Watford Holdings: reports

9th September 2020

A consortium led by Bermuda-based re/insurer Arch Capital Group has put forward a $500 million offer to buy Watford Holdings, according to reports from Reuters. After pre-warning of sizeable investment losses as a result of COVID-19-induced financial market volatility, Watford this year announced a first quarter loss of almost $267 million. As ... Read the full article

Chedid Capital takes over Ascoma broking operations in Africa

9th September 2020

Chedid Capital, an insurance and financial services provider that operates across the GCC and Middle east North Africa (MENA) regions, has announced that it plans to acquire the African business of international insurance broker, Ascoma Group. The company has come to an agreement with Ascoma’s owner, the Husson family, to transfer ... Read the full article

B.P. Marsh investments half in H1 off COVID-19 disruption

8th September 2020

B.P. Marsh, a specialist venture capital provider to early stage financial services businesses, completed 22 new investments in the first half of 2020, a significant drop from the 49 completed in the prior year period. The company attributes this drop to the challenges posed by COVID-19 but says it remains well ... Read the full article

CoreLogic sets record date for shareholder meeting after pressure from Senator & Cannae

7th September 2020

Property information and analytics provider CoreLogic has set September 18th as the record date for its special meeting of stockholders to be held, following pressure from investors Senator Investment Group LP and Cannae Holdings Inc. The meeting, set for November 17th, will consider and vote on the replacement of up to ... Read the full article

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