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.

Ardonagh acquires British broker The Professional Indemnity Company

6th December 2022

Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, has acquired The Professional Broking Group Limited which trades as The Professional Indemnity Company. The business will operate as part of the wider Ardonagh Advisory platform which includes regional PI broker Alice Castle and Lloyd’s PI broker Hera Indemnity, as well ... Read the full article

BMS acquires Eisenar to boost Iberian expansion

6th December 2022

BMS has announced that it has signed a deal to acquire Spanish specialty insurance broker Eisenar in a move that will further bolster its Iberian regional expansion. Founded in 2001 by Eugenio Sanchez-Belda, Eisenar is headquartered in Seville and specialises in industrial risks and professional sports insurance, with Seville Football Club ... Read the full article

Marsh McLennan Agency acquires McDonald Zaring Insurance

5th December 2022

Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced the acquisition of McDonald Zaring Insurance (MZI), a US full-service agency located in Walla Walla, Washington. Terms of the acquisition were not disclosed. Founded in 1932, McDonald Zaring Insurance serves individuals and businesses across various industries and sizes, including agri-business, wineries, financial ... Read the full article

Howden completes acquisition of AlphaXO Risk Partners

2nd December 2022

Insurance broker Howden has increased its shareholding to 100% in AlphaXO Risk Partners (AlphaXO), a specialty insurance broker headquartered in Sydney. AlphaXO’s leadership will remain unchanged, with Andrew Glover continuing to serve in his role as Managing Director. Established in 2007, AlphaXO is one of the Pacific region’s foremost specialist insurance broking ... Read the full article

Warburg Pincus set to acquire K2 Insurance Services from Lee Equity Partners

1st December 2022

Leading independent specialty insurance program manager, K2 Insurance Services, has announced that Warburg Pincus, a leading global growth investor, has agreed to acquire the company from Lee Equity Partners, LLC, a growth oriented middle market private equity firm. The investment will support K2's continued growth strategy, which includes M&A and de-novo ... Read the full article

AssuredPartners acquires Alpine Insurance Associates

1st December 2022

Insurance broker, AssuredPartners, has acquired Alpine Insurance Associates, located in Reno, NV. Alpine’s team will remain under the operational leadership of President, Chris Gonfiantini and Vice President, Ryan Garaventa. Gonfiantini, commented: “In addition to Alpine’s cutting-edge products and competitive pricing, building honest relationships has always remained at the forefront of what we ... Read the full article

Owners of re/insurance broker BMS said to be considering £600m sale

30th November 2022

Reports suggest that investment firms British Columbia Investment Management Corp. (BCI) and Preservation Capital Partners are mulling the sale of global insurance and reinsurance broker BMS Group. According to a Bloomberg report, citing people familiar with the matter, a sale of BMS could value the broker at more than £600 million ... Read the full article

Amwins acquires wholesale business from Franklin Street

30th November 2022

Amwins, a global distributor of specialty insurance products and services, has purchased Arena Special Risks' wholesale business from commercial real estate and retail insurance firm Franklin Street. Both Amwins and Franklin Street have a long-standing relationship and both company’s recognise the exciting growth opportunity that exists for this wholesale property business on a ... Read the full article

Charles Taylor acquires Ohio-based TPA The Matrix Companies

30th November 2022

Independent global provider of claims solutions, Charles Taylor, has announced it has acquired The Matrix Companies, a third-party administrator and risk management specialist. The acquisition is set to broaden Charles Taylor’s portfolio by including Matrix’s full spectrum of risk management and workplace safety solutions. It will also provide Matrix clients with national ... Read the full article

KKR invests in European insurance broker APRIL

30th November 2022

French insurance broker APRIL Group has announced it has signed a long-term strategic partnership with global investment firm KKR. KKR joins this “strategic” partnership as a majority shareholder. Details of the transaction have not been disclosed and it is yet to be approved. According to the announcement, by teaming up with KKR, ... Read the full article

Arthur J. Gallagher acquires P&C agency Bulen & Associates

30th November 2022

Re/insurance broking firm Arthur J. Gallagher & Co has announced the acquisition of California-based Bulen & Associates Insurance Services, Inc. Bulen & Associates is a retail property/casualty insurance agency serving commercial clients and individuals. It was founded in 1929 and is currently based in Murrieta, southern California. Agency Principal and Sales Manager Lisa ... Read the full article

Aegon sells insurance e-broker Futuready Thailand

29th November 2022

Life Insurer and asset manager Aegon, is to sell Futuready Thailand, one of the country’s leading insurance e-brokers offering consumer-focused insurance solutions through affinity channels and partners. On November 28th, The Huntington Group, a Singapore-based private equity firm, announced its decision to acquire the broker from Aegon. Financial terms of the ... Read the full article

Helvetia Group completes sale of Sa Nostra Vida to Caixabank

28th November 2022

Swiss insurer Helvetia Group has sold its stake in Spanish life insurer Sa Nostra Vida to Caixabank. According to the firm, the sale price was €262m and will return a high double-digit million profit for Caser. Sa Nostra Vida contributed ₣7.7m to the Group's annual result in 2021 and generated gross premiums ... Read the full article

Dubai’s Sukoon completes buyout of Generali’s UAE life insurance portfolio

28th November 2022

Dubai-based Sukoon Insurance, formerly Oman Insurance, has acquired the life insurance portfolio held by Assicurazioni Generali in the UAE, following the original agreement to buy signed in February last year. The transfer, which covers unit-linked life insurance policies, has now been fully approved by regulators, including the Central Bank of UAE ... Read the full article

Liberty Mutual considers $1bn sale of Europe business

25th November 2022

US insurer, Liberty Mutual Holding Company (LMHC), is exploring a sale of its businesses in Spain, Portugal and Ireland, according to Bloomberg News sources. People familiar with the matter - who have asked not to be identified as discussions are private - have revealed that LMHC is working with Bank of ... Read the full article