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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.

Assured Guaranty to acquire asset manager BlueMountain for $160mn

14th August 2019

Assured Guaranty, a financial guaranty insurer, has announced that its subsidiary Assured Guaranty US Holdings Inc. has reached an agreement to acquire all of the outstanding equity interests in BlueMountain Capital Management, LLC and its associated entities. The purchase price of the transaction is $160 million, subject to certain adjustments, and ... Read the full article

Anbang targets sale of Japanese property portfolio: Reports

14th August 2019

China's Anbang Insurance Group is reportedly looking to sell its $2.4 billion (£1.9bn) property portfolio in Japan, which it acquired from Blackstone in 2017 for about the same price, according to Reuters. Reuters has today reported that Anbang is planning to sell the entire portfolio, which mainly consists of residential buildings ... Read the full article

Alliant acquires InvisionBenefit, expanding its Employee Benefits Group

14th August 2019

Alliant has expanded its Employee Benefits Group with the acquisition of InvisionBenefit, a Northern Illinois-based broker, consultant, and administrator. The acquisition of InvisionBenefit further expands Alliant's Midwest benefits presence, bringing a range of new benefits, consulting, and advisory services under the Alliant banner. The firm was founded in the year 2000, and ... Read the full article

M&A dance to continue as reinsurers navigate difficult conditions: S&P

13th August 2019

The ongoing convergence of the insurance, reinsurance, and insurance-linked securities (ILS) markets is expected to persist, and combined with continued pressure on earnings and an increasing need for scale and relevance, is expected to drive further reinsurance sector consolidation, according to S&P Global Ratings. Despite the global reinsurance sector taking advantage ... Read the full article

Brookfield Business Partners acquires majority stake in Genworth Canada

13th August 2019

Brookfield Business Partners L.P. is set to acquire a 57% controlling interest in Genworth MI Canada Inc. (Genworth Canada) from Genworth Financial for approximately CAD 2.4 billion (USD 1.8 billion). Genworth Canada, through its subsidiary Genworth Financial Mortgage Insurance Company Canada, is the largest private sector residential mortgage insurer in Canada. Prior ... Read the full article

AmWINS acquires LISI, CoPower

9th August 2019

AmWINS Group, Inc. has announced that it's set to acquire LISI, Inc. and CoPower (Administrators), Inc., which will both become part of the company's Group Benefits division. LISI was founded in 1977 and is a California-based general agent with a specialist focus on medical and ancillary benefits. CoPower, a third-party administrator focused ... Read the full article

There may be no future for small generalist brokers, says Gallagher CEO

8th August 2019

Small, generalist insurance and reinsurance brokers could find survival increasingly challenging as the need to be a specialist in order to remain relevant increases, according to the Chief Executive Officer (CEO) of brokerage Arthur J Gallagher, Patrick Gallagher. In a recent interview with the Financial Times (FT), Gallagher suggested that the ... Read the full article

IRB Brasil Re to take 8.93% stake in B3i for €3.5mn

6th August 2019

Brazilian reinsurer IRB Brasil Re has announced that it is looking to acquire an 8.93% stake in the Blockchain Insurance Industry Initiative (B3i) for €3.5 million (USD 3.9 million). The announcement was made by the company's Deputy Chief Executive Officer (CEO), Chief Financial Officer (CFO) and Director of Investor Relations, Fernando ... Read the full article

Alliant announces acquisition of Fred Daniel & Sons

6th August 2019

US specialty insurance brokerage firm Alliant Insurance Services has announced the acquisition of Fred Daniel & Sons, an insurance and consulting firm based out of Tulsa, Oklahoma. Fred Daniel & Sons, whose services include commercial lines, personal lines, and employee benefits, will join Alliant and continue serving clients nationwide from its ... Read the full article

Hub International acquires Insurance Center of New England

5th August 2019

Global insurance broker Hub International Limited has acquired Massachusetts-based independent insurance brokerage, Insurance Center of New England, Inc. (ICNE). Terms of the transaction were not disclosed, but it has been announced that President and Chief Executive Officer (CEO) of ICNE, Bill Trudeau will join Hub New England, reporting to Timm Marini, ... Read the full article

National General acquires QBE North America’s National Farmers Union

5th August 2019

National General Holdings Corp. has completed its previously announced acquisition of National Farmers Union Property and Casualty Company (National Farmers Union Insurance) from QBE North America. The purchase price for this deal was $52.8 million subject to customary post-closing adjustments. The firm explains that the change in the closing purchase price ... Read the full article

U.S. Risk announces purchase of U.S. E&O Brokers

2nd August 2019

U.S. Risk, a Property & Casualty wholesaler and Managing General Agent, has announced the acquisition of U.S. E&O Brokers, a wholesale broker and MGA focused on professional lines coverage for insurance agents. U.S. E&O is headquartered in Houston, Texas, but has additional locations in Connecticut, Colorado and New Mexico. The newly-acquired team ... Read the full article

Risk Strategies acquires Reiff & Associates

2nd August 2019

U.S. domiciled insurance broker and risk management firm, Risk Strategies, has acquired full service brokerage Reiff & Associates, for an undisclosed fee. Based in New York City, Reiff & Associates has a focus on risk and insurance for firms in the entertainment sector, offering bespoke solutions for theater, television, film and ... Read the full article

Willis Towers Watson closes $1.3bn TRANZACT acquisition

2nd August 2019

Global re/insurance brokerage Willis Towers Watson (WTW) has announced the completion of its acquisition of TRANZACT, a direct-to-consumer health care organisation. First announced back in April 2019, the deal had originally been valued at $1.2 billion. However, WTW revealed in its second quarter results report that it had amended the earn-out ... Read the full article

Willis Towers Watson acquires specialist M&A broker Risk Capital Advisors

1st August 2019

Willis Towers Watson said this morning that it has acquired Risk Capital Advisors, a leading mergers & acquisitions broking specialist focused on business in Australia, New Zealand and South Africa. Adding to its specialist insurance and reinsurance broking capabilities and broadening its reach globally, has been part of the strategy for ... Read the full article

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