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.

Coface completes takeover of GIEK Kredittforsikring AS

3rd July 2020

Coface has announced the closing of its acquisition of GIEK Kredittforsikring AS, a company created in 2001, and owned by the Norwegian Ministry of Trade, Industry and Fisheries, that manages a short-term export credit insurance portfolio. Coface has acquired all GIEK Kredittforsikring AS shares, and plans to rebrand the business as ... Read the full article

SRG to acquire Insolvency Risk Services from MS Amlin

2nd July 2020

Specialist insurance broker SRG has announced that it plans to acquire Insolvency Risk Services (IRS), a division of MS Amlin that provides insurance services for companies in administration. The transaction will mark the return of IRS to the insurance broking world after several years as a division of MS Amlin. “We are ... Read the full article

Arch Re completes majority stake acquisition in PMAP

2nd July 2020

Arch Worldwide Reinsurance Group (Arch Re), the reinsurance arm of Arch Capital Group, has completed its previously announced acquisition of a majority stake in Precision Marketing Asia Pacific (PMAP). PMAP is an Australian company that provides marketing solutions to banks, insurance companies, retailers and health care organisations across the Asia ... Read the full article

BBH Capital acquires Sunstar Insurance Group

2nd July 2020

BBH Capital Partners (BBHCP) has acquired a majority stake in regional US insurance broker Sunstar Insurance Group. While terms of the transaction were not disclosed, it has been confirmed that Sunstar management and key employees will remain significant shareholders alongside BBHCP. The transaction with BBHCP provides Sunstar with additional capital to maintain ... Read the full article

Genworth & China Oceanwide delay merger to September

30th June 2020

Mortgage insurer Genworth Financial has announced a further delay to its planned merger agreement with China Oceanwide Holdings Group Co., Ltd., now setting the deadline at no later than September 30, 2020. Originally set for June 30, 2019, Genworth first delayed the merger to allow time to explore the sale ... Read the full article

B.P. Marsh secures 30% stake in Sage Program Underwriters

29th June 2020

Specialist private equity investor B.P. Marsh and Partners has agreed to subscribe for a 30% Cumulative Preferred Ordinary shareholding in SAGE Program Underwriters, for an equity consideration of $250,000. Based in Oregon and established in 2019 by Chief Executive Officer Chuck Holdren, SAGE provides specialist insurance products to niche industries, initially ... Read the full article

ManhattanLife to acquire Standard Life and Casualty Insurance Company

29th June 2020

ManhattanLife has announced that it plans to grow its national presence via the acquisition of Standard Life and Casualty Insurance Company. Incorporated in 1946, Standard Life and Casualty offers a portfolio that includes Specialty Life, Health, Accident and Disability. Standard Life has been owned and managed by John Piercey, his son Brad ... Read the full article

Cohen & Co’s Insurance Acquisition Corp. to combine with Shift Technologies

29th June 2020

Insurance Acquisition Corp., a subsidiary of Cohen & Company Inc., has entered into a definitive merger agreement with automotive e-commerce firm, Shift Technologies Inc. In relation to the closing of the transaction, which is expected to occur in the third-quarter of 2020, Insurance Acquisition Corp. plans to change its name to ... Read the full article

R&Q acquires Vermont-based captive

26th June 2020

Non-life legacy insurance investor Randall & Quilter has announced the acquisition of a captive insurer domiciled in Vermont. The company, which is now in run-off, wrote workers’ compensation, general and auto liability coverage to its parent and affiliates. The acquisition, which has already been approved by the Vermont Department of Insurance, is ... Read the full article

Generali to become a major shareholder of Cattolica via strategic partnership

25th June 2020

Generali Group has committed to becoming a major shareholder of Cattolica Group through a reserved share capital increase for €300 million, as the pair announce the launch of a new strategic partnership. The Board of Directors of both companies recently approved the launch of a strategic partnership between the pair, which ... Read the full article

Ryan Specialty Group to merge with All Risks

24th June 2020

Ryan Specialty Group, LLC (RSG) has announced an agreement to merge with independent wholesale insurance brokerage All Risks, Ltd. The two firms believe they have complementary strengths, with both specialising in transactional wholesale distribution and underwriting businesses in the form of managing general underwriters, programs and delegated binding authorities. RSG is headquartered ... Read the full article

Atlas completes sale of Gateway subsidiary to Buckle

18th June 2020

US-based commercial auto insurer Atlas Financial Holdings has completed the previously announced sale of its subsidiary Gateway Insurance Company to ride-sharing insurance provider Buckle, as it looks to continue its transition towards an MGA model. The transaction closed on June 16th, with $4.2 million paid to the statutory liquidator of Gateway. A ... Read the full article

China Taiping considers selling 25% stake in reinsurance subsidiary

17th June 2020

China Taiping Insurance Holdings Company Limited has announced that it's considering the sale of around 25% of its interest in its reinsurance subsidiary, Taiping Reinsurance Company Limited (TPRe), to external investors. The Board of China Taiping has revealed that the company is considering a potential issuance of shares of TPRe, its ... Read the full article

Crawford & Company sells stake in Lloyd Warwick International to McLarens

16th June 2020

Crawford & Company, a provider of claims management solutions, has agreed to sell its 51% stake in Lloyd Warwick International to global independent insurance services provider McLarens. LWI is a global multi-disciplined loss adjusting and claims management company with a team of nearly 50 adjusters providing a range of engineering, forensic ... Read the full article

Searchlight Capital Partners completes Global Risk Partners acquisition

12th June 2020

Private equity and opportunity investor Searchlight Capital Partners has completed its acquisition of a majority stake in independent insurance intermediary Global Risk Partners (GRP). First announced in February 2020, the deal will see Mike Bruce take the role of Group Chief Executive at GRP and Andy Homer appointed as Non-Executive ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.