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Mergers & acquisitions

HPS Investment Partners, MDP and Price Forbes merge UK business networks

12th May 2017

HPS Investment Partners (HPS) and Madison Dearborn Partners (MDP) have announced plans to merge their UK regional business networks. The merger will include most of the firm's existing general insurance investments, two recent acquisitions, and reinsurance broker Price Forbes. Autonet, Chase Templeton, Ryan Direct Group, Towergate Group and Price Forbes will join forces to ... Read the full article

Catalina Holdings UK completes HFPI and DLM acquisition

11th May 2017

Catalina Holdings has announced that it's UK subsidiary has completed the acquisition of Hartford Financial Products International (HFPI) and Downlands Liability Management (DLM), from The Hartford Financial Services Group. The announcement comes after the insurer received Prudential Regulation Authority (PRA) and Bermuda Monetary Authority (BMA) approval to finalise the purchase. HFPI is a ... Read the full article

AmWINS expands with Partners acquisition

20th April 2017

AmWINS Group and Partners Specialty Group, are set to merge to form a single U.S. -based specialty insurance broking giant, with a global operating spectrum of $14 billion of combined annual premiums and 4,100 employees across 12 countries. Partners will join AmWINS' Brokerage Division, expanding the firm's broking capacity with its expertise ... Read the full article

Insurer Croatia Osiguranje completes Croatia Lloyd takeover

6th April 2017

Insurer Croatia Osiguranje yesterday announced the completion of its takeover of local reinsurance entity Croatia Lloyd. The acquisition enables the firm's expansion into the reinsurance segment, which the insurer hopes to utilise to give a  boost to its affiliate businesses in Macedonia, Bosnia and Herzegovina, Serbia and Slovenia. Croatia Lloyd had been ... Read the full article

PartnerRe completes acquisition of life reinsurer Aurigen

4th April 2017

PartnerRe has announced the completion of its acquisition of life reinsurance company, Aurigen Capital Limited. Aurigen’s core business has been the reinsurance of life insurance policies of North American residents, and since 2013, mortality risk solutions in the U.S. Aurigen is a top-five life reinsurer in Canada based on recurring new reinsurance ... Read the full article

M&A activity looms over Bermudian market: A.M. Best

4th April 2017

M&A activity “looms” over the Bermudian market as global re/insurers look to grow their books in a market where fresh underwriting ground is becoming increasingly scarce, A.M. Best analysts said in their recent report on Bermudian market trends. Analysts said conditions in Bermuda were “ripe” for more M&A activity, although questions which ... Read the full article

Fairfax-Allied World deal edges closer as shareholders announce vote of approval

23rd March 2017

Allied World Assurance Company Holdings has revealed that its shareholders have approved two proposals surrounding its previously announced merger deal with Canadian firm Fairfax Financial Holdings, bringing the transaction closer to completion. Earlier in March Fairfax exercised its option to increase the cash consideration element of the acquisition by $18 per ... Read the full article

Hannover Re pays £142.5 million for Argenta: Reports

22nd March 2017

Germany domiciled reinsurance giant Hannover Re reportedly paid £142.5 million to acquire UK holding firm Argenta Holdings, according to a recent heraldscotland.com article. The acquisition of Argenta Holdings, the owner of managing agent Argenta Syndicate Management, Argenta Private Capital, and a pro rata share of the Lloyd’s syndicate Argenta Syndicate 2121, was announced ... Read the full article

R&Q acquires captive insurer ICDC

22nd March 2017

Randall & Quilter Investment Holdings (R&Q) has announced its acquisition of American Fortune 500 captive insurer, ICDC. ICDC reinsured its parent company for workers' compensation, commercial general liability, business auto liability, business auto physical damage and property risks. As of 31st December 2016 it had a total net asset value of $7.95 million, ... Read the full article

R&Q acquires Bermudian captive insurer, Linco Limited

21st March 2017

Randall & Quilter American Holdings Inc., the U.S. subsidiary of specialist non-life insurance investor, service provider and underwriting manager, Randall & Quilter Investment Holdings (R&Q), has announced the acquisition of Bermuda captive Linco Limited. Domiciled in Bermuda, Linco provided reinsurance protection to its shareholders for workers' compensation, general and automotive liability, and ... Read the full article

Hannover Re acquires Lloyd’s firm Argenta Holdings

20th March 2017

Hannover Re has agreed to acquire UK holding firm Argenta Holdings - the owner of managing agent Argenta Syndicate Management, Argenta Private Capital, and a pro rata share of the Lloyd's syndicate Argenta Syndicate 2121. According to Argenta, Lloyd’s Syndicate 2121 has a stamp capacity for 2017 of £300 million. The firms ... Read the full article

Global re/insurance M&A activity forecast to increase: KPMG

20th March 2017

Financial advisory firm, KPMG, said insurance industry mergers and acquisitions could see a hike this year after 84% of companies surveyed said they had 1-3 M&As in the pipeline. Out of the 200 global insurance industry leader survey participants surveyed, one-third said adapting their business model to deal with the emerging ... Read the full article

Fairfax to pay more cash for Allied World

13th March 2017

Fairfax Financial Holdings Limited has exercised its option to increase the cash consideration element of its offer to acquire Allied World by $18 per ordinary share, which, combined with a $5 special dividend takes the cash consideration component of the offer to $28 per share. Fairfax and Allied World recently announced that ... Read the full article

Croatia Osiguranje receives approval to absorb reinsurer Croatia Lloyd

8th March 2017

Croatia domiciled insurance company, Croatia Osiguranje, has announced that it received approval to complete the takeover of local reinsurance entity Croatia Lloyd. The reinsurer has been operating in the region for more than 45 years and, following approval from HANFA, the region's financial services supervisory agency, Croatia Osiguranje can now complete its proposed transaction, and absorb ... Read the full article

J.C. Flowers & Co acquires UK General Insurance Group

6th March 2017

Investment firm J.C. Flowers & Co has announced plans to acquire British personal lines insurance provider UK General Insurance Group. Financial agreement terms are undisclosed, and the acquisition remains subject to regulatory change of control approval from the UK Financial Conduct Authority. UK General is a leading UK personal lines insurer, offering ... Read the full article

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