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.
R&Q completes acquisition of Montana captive, Vigneron Insurance
27th January 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the acquisition of Vigneron Insurance Company, Inc. (VICI), a Montana-based captive insurer. R&Q has acquired VICI from a wholly owned private investment holding company with diverse holdings in a range of industries, real estate, marketable securities and other investments. The Montana captive insurer ... Read the full article
Atlas to offload subsidiary as MGA transition continues
24th January 2020
US-based commercial auto insurer Atlas Financial Holdings looks set to sell its subsidiary Gateway Insurance Company to ride-sharing insurance provider Buckle, as it looks to continue its transition towards an MGA model. Atlas’ strategic focus includes transitioning business previously written on its insurance subsidiaries, which are currently in rehabilitation, to alternative ... Read the full article
Transverse completes acquisition of Arrowood’s E&S insurer
24th January 2020
Virgo Investment Group backed program carrier, Transverse Insurance Group, has completed its acquisition of Arrowood Surplus Lines Insurance Company (ASLIC) from Arrowood Indemnity Company (Arrowood), which is a subsidiary of Arrowpoint Capital. ASLIC is domiciled in Delaware and operates as an excess & surplus insurer, authorised to write business in most ... Read the full article
AXA considering sale of Middle Eastern operations, reports
24th January 2020
French insurance and investment giant AXA may be looking to offload its Middle Eastern operations as Chief Executive Officer Thomas Buberl looks to continue streamlining efforts, according to reports from Bloomberg. While AXA is yet to begin a formal sale process, people close to the matter have told Bloomberg that the ... Read the full article
Aerial imagery specialist Vexcel partners with Verisk’s Geomni
23rd January 2020
Vexcel Imaging, a specialist in aerial imagery data, cameras, and photogrammetry software, has agreed to acquire the imagery sourcing group from Verisk’s Geomni business. The deal will combine Geomni’s imagery surveying and content-related teams and assets into Vexcel, and will also see Verisk become a minority owner in Vexcel, with full ... Read the full article
Lovell Minnick completes acquisition of Charles Taylor
22nd January 2020
Charles Taylor has been acquired by an investment company managed and controlled by Lovell Minnick Partners LLC, a U.S. private equity firm that invests in the global financial services sector. It's expected that the takeover will support Charles Taylor's growth strategy, which has a focus on broadening client relationships and specialist ... Read the full article
CoreLogic acquires geospatial data firm Location
22nd January 2020
Property information and analytics provider CoreLogic has announced the completion of its acquisition of Location, Inc., a firm specialising in geographic data sciences and predictive analytics for businesses in the US and Canada. CoreLogic believes the acquisition will expand its insurance risk analytics and real estate insights for non-weather water and ... Read the full article
Xceedance acquires Activer Solutions
21st January 2020
Re/insurance service provider Xceedance has announced the acquisition of Activer Solutions. Based in Massachusetts, Activer Solutions specialises in insurance operations and technology services for the front, middle, and back office operations of P&C insurers. In the next few months, Activer Solutions will be absorbed into the US operations of Xceedance. Xceedance hopes the ... Read the full article
Brown & Brown acquires MGA Texas All Risk
20th January 2020
A subsidiary of insurance brokerage Brown & Brown, Inc., Hull & Company, LLC, has acquired the assets of Texas All Risk, a managing general agent (MGA) for independent retail insurance agencies. Texas All Risk places a broad range of P&C insurance for businesses and individuals in Texas, Louisiana, and also Oklahoma. Once ... Read the full article
Risk Strategies acquisition targets student health services
17th January 2020
US insurance broker and risk management firm Risk Strategies has announced the acquisition of Academic HealthPlans, Inc. (AHP), a firm that creates and administers health insurance plans that colleges and universities make available to its students. The acquisition will significantly expand Risk Strategies’ standing as a broker of student health insurance ... Read the full article
Marsh & McLennan Agency acquires Atlanta broker Ironwood
17th January 2020
Marsh & McLennan Agency LLC (MMA), the middle market agency of global re/insurance broker Marsh, has announced the acquisition of Ironwood Insurance Services, LLC. Based in Atlanta, Georgia, Ironwood provides commercial property and casualty insurance, employee benefits, and private clients solutions to mid-sized businesses and individuals through the US. The firm is ... Read the full article
Avatar to acquire Centauri’s coastal underwriting units
16th January 2020
Avatar Partners LP, the parent of Florida's Avatar Property & Casualty Insurance Company, is set to acquire Centauri Specialty Insurance Company and its Louisiana-based subsidiary, Centauri National Insurance Company. Centauri Specialty Insurance Company is part of Centauri Specialty Insurance Holdings, Inc., a Delaware-based holding company. The firm was established in 2006 in ... Read the full article
CorRisk Solutions expands to include CorPro
16th January 2020
Ryan Specialty Group subsidiary CorRisk Solutions has expanded to include the business and management team of CorPro Underwriting Managers. CorPro, a series of RSG Underwriting Managers, will continue to operate as usual to provide the market access to best-in-class Management Liability products. Moving forward, CorRisk will provide professional liability for architects & ... Read the full article
One80 Intermediaries acquires Vista Underwriting Partners
15th January 2020
Boston-based national wholesale insurance broker and program manager, One80 Intermediaries, has acquired Vista Underwriting Partners, a full service managing general underwriter of medical stop loss insurance. Vista is headquartered in Media, Pennsylvania, and was established in 2007 as a specialty underwriter of medical stop loss insurance coverage for corporate clients and ... Read the full article
Weston Insurance to acquire Anchor P&C subsidiary
15th January 2020
Specialty insurer, Weston Insurance Holdings Corporation, is set to acquire Anchor Specialty Insurance Company, a subsidiary of Anchor Property & Casualty Insurance Company. In light of the impending acquisition, financial analysis firm Demotech has announced that the Financial Stability Rating (FSR) of A, Exceptional, assigned to Anchor Specialty is being sustained. Demotech's ... Read the full article