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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.

ReAlign acquires National Lloyds, American Summit Insurance Companies

9th July 2020

ReAlign Insurance Holdings, a new insurance holding company formed by ReAlign Capital Strategies, has completed its acquisition of National Lloyds Insurance Company (NLIC) and American Summit Insurance Company (ASIC) from Align NL Holdings. Both are Texas-domiciled admitted insurance firms that write specialty personal property insurance including homeowners, low value dwelling, mobile and ... Read the full article

Global Atlantic acquired by investment firm KKR

8th July 2020

Global investment firm KKR & Co. Inc has announced an agreement to acquire all outstanding shares of life and annuity re/insurer Global Atlantic Financial Group for $4.4 billion. Set to complete in early 2021, the transaction will enable Global Atlantic to continue operating as a separate business with its existing brands ... Read the full article

Senator & Cannae accuse CoreLogic of ignoring shareholders

8th July 2020

Senator Investment Group LP and Cannae Holdings Inc. have accused CoreLogic of ignoring its shareholders, after the property information and analytics provider said yesterday that it had rejected an unsolicited acquisition offer from the investment firms. CoreLogic’s Board unanimously rejected an offer to acquire all of its outstanding common shares ... Read the full article

Allstate to acquire National General for $4 billion

8th July 2020

U.S. primary insurance giant, The Allstate Corporation, has reached an agreement to acquire National General Holdings Corporation for around $4 billion in cash, or $34.50 per share. The acquisition, which remains subject to regulatory approvals and other customary closing conditions, sees Allstate expand its personal lines market position. National General offers a ... Read the full article

CoreLogic rejects takeover offer from Senator & Cannae

7th July 2020

Property information and analytics provider CoreLogic has turned down an unsolicited acquisition offer from Senator Investment Group LP and Cannae Holdings Inc. Following consultation with independent financial and legal advisors, CoreLogic’s Board unanimously rejected the offer to acquire all of its outstanding common shares for $65.00 per share in cash. The Board ... Read the full article

RGA agrees to sell its Dutch life insurer to De Goudse

7th July 2020

Life reinsurer, Reinsurance Group of America, Incorporated (RGA) has reached an agreement to sell its Dutch life insurance firm, Leidsche Verzekering Maatschappij N.V. (Leidsche), to De Goudse N.V., an all-round insurer. Terms of the transaction have not been disclosed and the deal remains subject to approval of the Competition Authority, De ... Read the full article

JC Partners could challenge Korean Re with KDB Life takeover: reports

7th July 2020

Following reports that JC Partners has been selected as the preferred bidder for a takeover of KDB Life in Korea, there has been speculation that the private equity firm could challenge Korean Re’s dominant market share. According to the The Korea Times, its possible that JC Partners could seek to change ... Read the full article

Nassau acquires Foresters Life Insurance and Annuity Company

6th July 2020

Nassau Financial Group, an insurance and financial services firm based in Hartford, CT, has completed the acquisition of Foresters Life Insurance and Annuity Company (FLIAC) from The Independent Order of Foresters. Nassau offers a range of insurance and fixed annuity solutions, as well as reinsurance, insurance distribution, and asset management capabilities ... Read the full article

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

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