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.
National General gets regulatory approval to sell Swedish health business
22nd November 2019
National General Holdings Corp. has received regulatory approval to go ahead with the sale of its Euro Accident Health and Care Insurance Sweden operation. The company was given the go-ahead by the Swedish Financial Supervisory Authority to offload the business to an investor group arranged by Impilo AB, a Swedish investment ... Read the full article
Risk Strategies acquires Missouri brokerage Thomas McGee Group
21st November 2019
Risk Strategies, a privately held US insurance broker and risk management firm, has acquired Thomas McGee Group, a US full-service insurance brokerage headquartered in Missouri. TMG, with specialty capabilities for large accounts, group and single parent captives, and focused risk management services, also enjoys a national reputation in the surety business, ... Read the full article
Arthur J. Gallagher’s Artex to acquire EWI Re
21st November 2019
Artex Risk Solutions, the Arthur J. Gallagher & Co-owned provider of re/insurance and alternative risk management solutions, has acquired Dallas-based EWI Re for an undisclosed fee. EWI was founded in 1959 and offers reinsurance program design and placement services for captives and mutual insurance companies. Its specialty risk management practice is built ... Read the full article
Aon set to acquire SME insurtech platform CoverWallet
20th November 2019
Global re/insurance brokerage Aon has announced that it has entered into an agreement to acquire CoverWallet, a digital insurance platform for small to medium-sized businesses (SMEs). Aon previously made a strategic investment into the insurtech back in May 2019, and the firms agreed to work together in the SME space ... Read the full article
Global Risk Partners acquires London broker Gauntlet
19th November 2019
Global Risk Partners (GRP), an investment vehicle aimed at insurance brokers and managing general agents, has acquired Gauntlet Insurance Services, a private client broker that specialises in high value assets. Based in London, Gauntlet is responsible for covering assets valued at more than £8 billion, such as historic, fine town and ... Read the full article
Aviva to retain its Singapore & China businesses
18th November 2019
London headquartered insurer Aviva has revealed that following a comprehensive review of options for its Singapore business, it has decided to retain the operation. Over the past couple of months, reports in the media have claimed that a number of companies, including the likes of Allianz, MS&AD, Nippon Life and ... Read the full article
Arthur J. Gallagher’s Artex completes Horseshoe acquisition
18th November 2019
Arthur J. Gallagher & Co. has announced that its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, has completed its acquisition of Horseshoe Insurance Services Holdings Ltd. Horseshoe is a Bermuda-headquartered provider of insurance management fund administration, advisory and corporate services to the insurance-linked securities (ILS) market. The firm, which ... Read the full article
Plum Underwriting moves to consolidate claims operations
18th November 2019
Specialist home insurance managing general agent Plum Underwriting has consolidated its various outsourced claims operations in order to create a more streamlined process providing the company with greater control on the delivery of claims across its portfolio. As a result of this move to single dedicated claims service, its panel of ... Read the full article
Donegal targets simplified structure, consolidates insurance subsidiaries
18th November 2019
U.S primary holding company Donegal Group Inc. has revealed that in an effort to simplify its organisational structure and lower administrative costs, it's planning to consolidate a number of its wholly-owned subsidiaries, effective December 1st, 2019. Specifically, Donegal Group has announced that its Iowa-based property and casualty (P&C) insurer, Le Mars ... Read the full article
EPIC Insurance Brokers wraps up Prime Risk deal
15th November 2019
EPIC Insurance Brokers and Consultants, a retail property and casualty broker and employee benefits consultant, has closed its purchase of Atlanta-headquartered Prime Risk. The deal was first announced in October and will see Prime Risk Partners operate as Prime Risk Partners – an EPIC Company. The firm’s operating leadership and insurance professionals ... Read the full article
Risk Strategies acquires Ohio brokerage Zito Insurance Agency
14th November 2019
Risk Strategies, a privately held US insurance broker and risk management firm, has acquired Zito Insurance Agency, a full-service insurance brokerage headquartered in Mentor, Ohio. Established in 1963, Zito employs 36 people and provides property and casualty (P&C) and life and health insurance services to both individuals and business across a ... Read the full article
Hub International acquires Canada’s Carey Corp
14th November 2019
Global insurance brokerage Hub International has announced the acquisition of the assets of Canada-based, independent employee benefits consulting firm, W.R. Carey Corporation (Carey Corp). Following the transaction, of which the terms have not been disclosed, actuary Bill Carey alongside all of the employees of Carey Corp will join Hub International Manitoba ... Read the full article
USI Insurance Services acquires Oregon-based insurance agency
13th November 2019
Insurance brokerage and risk management firm, USI Insurance Services, has acquired Oregon-based insurance agency Alfred J. Davis Company. Alfred J. Davis Company was founded in 1947 and provides commercial insurance solutions and personal risk products to both individuals and businesses in Oregon for more than 70 years. Following the completion of the ... Read the full article
Gallagher acquires automotive incentive firm BonusDrive
11th November 2019
Global insurance brokerage Arthur J. Gallagher & Co. has acquired BonusDrive from The EHE Group. BonusDrive promotes the purchase or leasing of vehicles of others by providing an award program whereby participants can purchase or lease new vehicles while receiving a cash rebate from the vehicle manufacturer. Consumers receive cash bonuses for ... Read the full article
Re/insurance deals total $4.61bn in September: GlobalData
8th November 2019
Total insurance and reinsurance industry deals worth $4.61 billion were announced globally in September 2019, according to data and analytics firm GlobalData. The company’s deals database showed a 17.05% decrease in value over the previous month and a drop of 20.5% when compared with the last 12-month average of $5.8 billion. In ... Read the full article