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.
Ryan Specialty completes Castel Underwriting acquisition
1st May 2024
International specialty insurance firm, Ryan Specialty has completed the acquisition of Castel Underwriting Agencies Limited, a Managing General Underwriting (MGU) platform, from Arch Financial Holdings (UK) Limited and minority shareholders. Headquartered in London and founded in 2014, Castel consists of thirteen MGUs, each having expertise in a specific product niche. The ... Read the full article
Aon & NFP combination a ‘tour de force revenue opportunity,’ says CEO Case
26th April 2024
Insurance and reinsurance broking group Aon feels great about its now completed acquisition of middle-market property and casualty (P&C) broker NFP, with Chief Executive Officer (CEO), Greg Case, describing it as "a tour de force revenue opportunity." After announcing the completion of its $13.4 billion takeover of NFP and a ... Read the full article
Aon completes acquisition of broker NFP
26th April 2024
Global insurance and reinsurance brokerage Aon has completed the previously announced acquisition of NFP, a middle-market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor. This acquisition expands Aon's presence in the middle-market segment, along with adding capabilities across property and casualty brokerage, benefits consulting, wealth management ... Read the full article
Arthur J. Gallagher acquires Australia’s Prasidium Credit Insurance
25th April 2024
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Australia-based Prasidium Credit Insurance (Prasidium). Prasidium is a specialist trade credit insurance broker serving clients throughout Australia. Established in 2015 in Sydney, the company has grown quickly to become a national specialty trade credit broker. The company reportedly ... Read the full article
Marsh McLennan Agency to acquire Fisher Brown Bottrell Insurance in $345m deal
25th April 2024
Marsh McLennan Agency, a subsidiary of Marsh, has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank, in a $345 million all-cash deal that values FBBINSURANCE at almost six times its 2023 revenue and 28 times its latest net income. Established in 1936, ... Read the full article
Arthur J. Gallagher expands capabilities with Louisiana-based acquisition
22nd April 2024
Re/insurance broker Arthur J. Gallagher & Co. has announced the acquisition of Louisiana-based Fontenelle & Goodreau Insurance, LLC. in an undisclosed transaction. Fontenelle & Goodreau Insurance offers commercial property & casualty coverages specialising in large apartment accounts in the Louisiana market with capabilities nationwide. According to the announcement, Charles Fontenelle and his ... Read the full article
MNK Group expands LatAm business with Costa Rica-based insurer acquisition
22nd April 2024
MNK Group, through its holding company Specialty Management UK, is strengthening and expanding its re/insurance businesses in Central America and the LatAm region with the acquisition of Oceánica de Seguros S.A., an insurer based in Costa Rica. With this acquisition, which has been confirmed with Costa Rica’s supervisory authority the Superintendencia ... Read the full article
DARAG to acquire Cayman Islands re/insurance captive
19th April 2024
Legacy acquirer DARAG Insurance Guernsey Limited (DIGL) has announced it is to acquire a Cayman Islands-based re/insurance captive. The firm has signed a sale and purchase agreement (SPA) for a re/insurance captive from a very large multinational corporate that possesses long tail UK employers’ liability (EL) exposure. According to the announcement, DIGL ... Read the full article
Applied Underwriters to sell Centauri to Arbol subsidiary Lilypad Insurance
18th April 2024
Applied Underwriters has revealed its plan to sell Centauri Insurance to the newly formed Arbol subsidiary, Lilypad Insurance. The transaction is subject to regulatory approval and is anticipated to close within the next 45 days. As per Applied, Lilypad Insurance, consolidated with the Florida and Louisiana domiciled Centauri companies, will address the ... Read the full article
Allianz completes sale of stake in Allianz Saudi Fransi to ADNIC
18th April 2024
Allianz Group, a global insurer and asset manager, has announced the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider ADNIC is based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange. The ... Read the full article
CFC acquires Australian MGA Solution Underwriting
17th April 2024
Specialist insurance provider, CFC, has agreed to acquire Australian managing general agent (MGA), Solution Underwriting, in a move that is set to expand the company's footprint in Australia. Headquartered in Melbourne, with offices located in Sydney, Brisbane and Perth, Solution is a specialist insurance underwriter that particularly focuses on financial lines ... Read the full article
Fleming acquires JRG Re
17th April 2024
Fleming Insurance Holdings has confirmed its agreement to acquire JRG Reinsurance Company Ltd. from James River Group Holdings, Ltd. at the previously agreed upon terms, after the Supreme Court, New York County, Commercial Division issued an order directing Fleming Intermediate Holdings to complete the transaction. James River announced its ... Read the full article
DUAL strengthens European marine capability with acquisition of Swiss Re team
16th April 2024
DUAL, the specialist underwriting arm of Howden Group Holdings, has significantly strengthened its European marine capability by acquiring Swiss Re's Genoa-based Marine team, and has authority to write marine business for the global reinsurer going forward. The transaction is in line with DUAL’s ambitions of becoming a leading player in the ... Read the full article
Howden acquires Irish broker Curran Connolly & Company
16th April 2024
Howden, the global insurance intermediary group, has announced the acquisition of Curran Connolly & Company (Drogheda) Ltd, a commercial and personal lines insurance broker based in County Louth, Ireland. With this acquisition, Howden builds its position in the North-East and the wider Irish insurance market. It follows the broker’s recent ... Read the full article
Alliant acquires Property Owners Protection Insurance
16th April 2024
U.S. insurance brokerage Alliant Insurance Services has acquired Property Owners Protection Insurance Company, LLC (POPIC), a national captive program manager serving owners and managers of multifamily and single-family residential portfolios. This acquisition aims to provide additional products and underwriting capabilities within the real estate sector to the broker's Alliant Underwriting Solutions ... Read the full article