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Mergers & acquisitions news

Seeman Holtz continues U.S expansion with new acquisitions

23rd July 2018

Seeman Holtz Property & Casualty, Inc. (SHP&C) has continued its expansion in the U.S with the acquisitions of Central Insurance Advisors, LLC in Florida and Transway Insurance Agency, LLC in Texas. The company says the acquisition of these new independent agencies will strengthen its local commercial insurance platforms and allow it ... Read the full article

LCCG to acquire Generali Worldwide & Generali Link

19th July 2018

Italian insurance giant Generali has entered into an agreement to sell its entire shareholding in Generali Worldwide Insurance Company Limited and Generali Link, to Life Company Consolidation Group (LCCG). The transactions are part of Generali Group's strategy to improve its operational efficiency, alongside improved capital allocation and to optimise its geographical ... Read the full article

Prestige secures multi-million pound investment from Capital Z

19th July 2018

Prestige Insurance Holdings, the parent company of Northern Ireland’s largest privately owned broker, Abbey Insurance, has secured a multi-million pound investment by global equity firm Capital Z Partners Management. The deal, for an undisclosed sum, will see Capital Z acquire the shares of a number of retiring shareholders of Prestige. Prestige’s Founder ... Read the full article

Allianz expands Africa presence with completed acquisition of Ensure

19th July 2018

Global insurer Allianz Group has completed the acquisition of 99.03% of the shares of Nigerian insurance company, Ensure Insurance plc, from Greenoaks Global Holdings Ltd. Effective July 18th, 2018, Ensure becomes part of the Allianz Group, and will operate in Nigeria as Ensure - a company of Allianz. Ensure offers both life ... Read the full article

AIG completes Validus acquisition

18th July 2018

American International Group, Inc. (AIG) has announced the closing of its $5.56 billion acquisition of Validus Holdings, Ltd. following the receipt of regulatory approvals and approval of Validus shareholders. The deal was first announced on January 22nd, 2018, and sees AIG gain some attractive and diversified franchises, including reinsurer Validus Re, insurance-linked ... Read the full article

Brown & Brown acquires disability insurance services firm, PDA

18th July 2018

Brown & Brown has announced that its wholly owned subsidiary, The Advocator Group, has acquired Professional Disability Associates, LLC (PDA), a disability services company and provider of specialty claims management services. PDA has annual revenues of approximately US $15 million, and its services include medical file review, vocational services, and claim ... Read the full article

2Q18 P&C results signal increased M&A activity: KBW

18th July 2018

Results for 2Q18 show that mergers and acquisitions (M&A) activity among property and casualty (P&C) re/insurers has increased in terms of both transaction value and count when compared with the same period in 2017, according to analysts at Keefe, Bruyette & Woods (KBW). Underwriter transaction values for the year to date ... Read the full article

Arthur J. Gallagher & Co. acquires The Jack Nebel Companies, Inc.

18th July 2018

U.S. global insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has announced the acquisition of wholesale commercial insurance broker and MGA, The Jack Nebel Companies, Inc. Based in North Barrington, Illinois, Jack Nebel serves independent retail agents and brokers across the Midwestern United States. The firm offers a ... Read the full article

AXA’s legacy arm acquires majority stake in Emirates Re

17th July 2018

Specialist run-off acquirer and manager AXA Liabilities Managers has signed its 19th acquisition on the external market with the purchase of a majority stake in Dubai-headquartered Emirates Re. “We are delighted to pursue our external development with the acquisition of Emirates Re,” said Sylvain Villeroy de Galhau, Chief Executive Officer (CEO), ... Read the full article

Brown & Brown acquires P&C insurer Coffman-Standridge Inc.

16th July 2018

Brown & Brown has announced that its subsidiary, Brown & Brown Arkansas, has acquired substantially all of the assets of Coffman-Standridge Incorporated (CSI Insurance) from the company’s sole shareholder, Mark A. Coffman. Founded in 2010, CSI Insurance provides property and casualty (P&C) insurance products and services to customers throughout Arkansas, with ... Read the full article

M&A deal activity to increase despite rising costs: Moody’s

13th July 2018

The re/insurance industry is likely to see an increase in mergers and acquisitions (M&A) deals in the future, even as transactions become more expensive due to high expectations from sellers, according to Moody’s Investors Service. In recent years, Moody’s observed that there has been a trend of large, globally diversified firms ... Read the full article

Price Forbes & Bishopsgate launch combined specialist energy group

11th July 2018

Price Forbes & Partners Ltd and Bishopsgate Insurance Brokers Ltd, two firms within the Ardonagh Group, have announced that they have merged their energy businesses into a combined specialist energy group. The newly consolidated group will be led by Gordon Newman, Chairman of Bishopsgate, who will coordinate production activity across both ... Read the full article

AXA and XL Group reveal branding for combined operations

11th July 2018

AXA and XL Group have revealed the branding and structure of their future combined operations, to be known as AXA XL, following AXA’s acquisition of XL Group for $15.3 billion in March 2018. Once the acquisition is completed, the new AXA XL division will operate under the master brand of ... Read the full article

Global re/insurance M&A set to be second most active year ever: Willis Re

11th July 2018

Willis Re's latest 1st View renewals report suggests that 2018 could be the most active year for M&A across the global insurance sector since 2015 - when volume was $121 billion, boosted by the ACE-Chubb merger - with YTD deal volume running at $44 billion. Transactions such as AXA’s $15 billion purchase ... Read the full article

Tokio Marine Kiln completes WNC Holdings acquisition

11th July 2018

Tokio Marine Kiln has acquired the remaining 51% stake in California-based WNC Holdings, having previously bought 49% of the company in June 2011. WNC is expected to retain its existing brand. WNC is an MGA that provides specialty risk management solutions to U.S. clients and expects $200 million of net written premium ... Read the full article

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