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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.

EXOR & Covéa reported in talks over PartnerRe sale again

24th October 2021

According to reports, EXOR, the Agnelli family owned investment and holding company, is back at the negotiating table with French insurance group Covéa over the possible sale of reinsurance firm PartnerRe. Discussions between EXOR and Covéa are reported to have resumed in recent weeks, with Italian business newspaper Il Sole 24 ... Read the full article

Munich Re’s HSB acquires new SMB-focused cybersecurity platform

22nd October 2021

Munich Re-owned specialty insurer HSB has acquired a digital cybersecurity platform from cybersecurity firm Zeguro, including a suite of management tools and services designed for small businesses. The addition of Zeguro’s cyber safety solution and key personnel is expected to strengthen the overall cybersecurity offering of HSB. The platform offers integrated online ... Read the full article

SiriusPoint enters strategic partnership with Parameter Climate

22nd October 2021

Global specialty insurer and reinsurer, SiriusPoint Ltd., has acquired a significant ownership stake in full-service climate underwriting and distribution advisory firm, Parameter Climate, as part of a strategic partnership between the two companies. As part of the deal, SiriusPoint will also provide multiyear capacity and paper, with additional capacity secured from ... Read the full article

Acrisure expands into Brazil via It’sSeg takeover

21st October 2021

Insurance broker and fintech services provider Acrisure has announced plans to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The deal marks Acrisure’s entry into the Brazilian market and represents a substantial expansion of its Latin American operations. Founded in 2014 by Thomaz Menezes and the private ... Read the full article

Howden acquires Bermudian broker Foram

21st October 2021

International insurance broker Howden has announced the acquisition of Bermuda-based Foram Brokerage as the firm looks to demonstrate its commitment to the Bermudian market. An independent re/insurance broker, Foram provides speciality services in Casualty, Energy, Professional Lines, Construction, Product Recall, Property and Healthcare lines. The purchase is considered complementary to Howden’s existing ... Read the full article

BMS acquires Value-add Insurance Broker

21st October 2021

Independent reinsurance broker BMS, has acquired Seoul-based insurance broker, Value-add Insurance Broker (VIB). As part of the acquisition, VIB will become a newly-licensed entity called BMS Korea, operating under the wider BMS Asia team, and will provide specialist M&A insurance solutions to the Korean market. The move is part of BMS’ strategy ... Read the full article

IQUW in proposed acquisition of Agora Holdings

21st October 2021

Property, commercial and speciality insurer and reinsurer, IQUW, has revealed plans to acquire Agora Holdings and combine its business with IQUW's existing Property portfolios. IQUW intends to acquire Agora and its subsidiaries, the Group responsible for providing underwriting services to Agora, Lloyd's Syndicate 3268. The company reports that discussions to close the ... Read the full article

Marco completes acquisition of Guernsey’s Humboldt Re

20th October 2021

European P&C insurance run-off group Marco Capital Holdings has purchased Humboldt Re Limited, a Guernsey based reinsurance company. Humboldt is one of Credit Suisse's reinsurers, set up to underwrite for its ILS funds and other investors The deal is reported to have already received regulatory approval from the Guernsey Financial Services Commission ... Read the full article

India’s Edelweiss approved to divest broking arm to Gallagher

20th October 2021

Indian financial services firm Edelweiss Group has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to divest its insurance broking arm to Gallagher. Gallagher revealed its intention to purchase the remaining shares of Edelweiss Insurance Brokers Limited back in July, following a minority investment in 2019, ... Read the full article

Taussig Capital acquires Spencer Re

18th October 2021

Taussig Capital, an advisory firm with a focus on asset managers, family offices, insurers, reinsurers, and banks, has acquired all of the voting shares of Spencer Re I.I., which will be rebranding as Taussig Capital Re. Founded in 2006 and licensed in Puerto Rico, Spencer Re I.I. is a global insurance ... Read the full article

Abu Dhabi’s ADQ acquires remaining 20% of Munich Re’s Daman

14th October 2021

Abu Dhabi-based ADQ, one of the region’s largest holding companies, has entered into an agreement to acquire the remaining 20% equity stake of The National Health Insurance Company – Daman – PJSC, from Munich Re. As a partner to ADQ, Munich Re will continue in its capacity as the company's reinsurer. Since ... Read the full article

AJ Gallagher acquires Arkansas brokerage Alpha Surety

13th October 2021

Arthur J. Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has announced the acquisition of Alpha Surety & Insurance Brokerage. Alpha Surety is based in Little Rock, Arkansas and was founded in 2002. It focuses primarily on selling direct and wholesale commercial surety bonds in key industry ... Read the full article

Global Atlantic acquires majority stake in eRESI Mortgage

13th October 2021

Life and annuity insurer The Global Atlantic Financial Group (Global Atlantic) has made a strategic investment and capital commitment to become eRESI Mortgage's majority owner. eRESI Mortgage will continue to operate under a newly formed entity, eRESI Capital, being led by Gregory Tsang, Chief Executive Officer and Tim Wang, President. It's is ... Read the full article

Howden to acquire rival broker Aston Lark

13th October 2021

International insurance broker Howden is to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital. One of the UK’s leading independent, specialist complex commercial and private client brokers, Aston Lark is considered a means for Howden to complete its UK broking business. Aston Lark will join A-Plan Group and Howden UK ... Read the full article

Mosaic adds M&A tax specialist Jon Hutchens to key SVP role

13th October 2021

Mergers and acquisitions tax specialist Jon Hutchens has joined Mosaic Insurance as the company looks to build out its US-based transactional liability team to meet rising demand. Based in Virginia, Hutchens will serve as Senior Vice President, Global Head of Tax, Transactional Liability; he reports to the unit’s global head, William ... Read the full article

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