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.
Arthur J. Gallagher acquires Mutual Brokers
4th May 2021
Global insurance broker, Arthur J. Gallagher & Co. has acquired Canberra, Australian Capital Territory (ACT)-based Mutual Brokers. Mutual Brokers was founded in 1985 and is an independent broker serving a broad cross-section of commercial and small corporate clients in Canberra and the ACT. Its owners, Lou Pennetta and Adrian Dodd and the ... Read the full article
EC pushes Aon / Willis Towers Watson merger decision date to August
3rd May 2021
The European Commission (EC) has further extended its deadline to come to a final decision on the Aon acquisition of rival broker and consultancy Willis Towers Watson (WTW), pushing the date into August. The European Commission's competition authority has been pouring over a proposed concessions package from Aon, with the insurance ... Read the full article
Compre completes Cinven and BCI acquisition
29th April 2021
International specialist legacy group Compre has completed its acquisition by private equity firm Cinven and British Columbia Investment Management Corporation (BCI), after receiving the regulatory approvals. Cinven and BCI are now the majority shareholders alongside Compre’s management team who remain in their roles and as minority shareholders. Compre CEO Will Bridger said: ... Read the full article
CoreLogic shareholders approve acquisition by Stone Point & Insight
29th April 2021
Property information and analytics provider CoreLogic has announced the confirmation of its acquisition by private equity firms Stone Point Capital and Insight Partners for $80 per share in cash. Shareholders voted to approve the acquisition this week in a move that will hopefully close the book on what has been a ... Read the full article
The Hartford chapter “is closed” says Chubb CEO Greenberg
28th April 2021
During insurer and reinsurer Chubb's first-quarter 2021 earnings call held earlier today, Chairman and Chief Executive Officer (CEO), Evan Greenberg, said that "the chapter with The Hartford is closed." Earlier this week, U.S. property and casualty insurer The Hartford revealed that it had rejected a further two unsolicited acquisition offers ... Read the full article
Aon / WTW combination to gain EU antitrust approval: Reuters
28th April 2021
Sources have told Reuters that re/insurance broker Aon will gain conditional EU antitrust approval for its pending $30 billion mega-merger with Willis Towers Watson (WTW) without having to propose additional concessions. Reuters reported yesterday that the European Commission (EC) was seeking feedback from rivals and customers about who is the most ... Read the full article
SCOR solidifies ILS position with Coriolis integration
28th April 2021
SCOR Investment Partners, the SCOR group’s portfolio management company, has completed its integration of London-based ILS fund manager Coriolis Capital Limited. The French reinsurer closed its acquisition of Coriolis in September 2019, after first announcing the transaction in May 2019. However, SCOR has only now completed the integration of Coriolis’s operations ... Read the full article
EC seeks feedback on potential buyers of Aon / WTW divestments: Reuters
27th April 2021
Following the submission of Aon's package of concessions to the European Commission (EC), as the broker looks to complete its combination with Willis Towers Watson (WTW), EU antitrust regulators are questioning rivals and customers about who is the most suitable buyer, reports Reuters. In a bid to satisfy competition concerns surrounding ... Read the full article
“Disruption” from Aon – WTW merger an MMC growth driver, CEO Glaser suggests
27th April 2021
Global insurance brokerage Marsh McLennan may already be benefiting from new hires and clients gained as a result of the still impending Aon and Willis Towers Watson (WTW) merger, CEO Dan Glaser suggested today. During the Marsh McLennan (MMC) first-quarter 2021 earnings call that finished just recently, CEO Dan Glaser discussed ... Read the full article
Aon – WTW merger review extended by Australian regulator
26th April 2021
Having said that Aon's acquisition of Willis Towers Watson (WTW) could significantly lessen competition in the supply of commercial risk, reinsurance and employee benefits broking and advisory services in Australia, the country's competition regulator has now pushed back the end-date of its review of the deal. Back in February, the ... Read the full article
The Hartford rejects two additional acquisition offers from Chubb
22nd April 2021
U.S. property and casualty insurer The Hartford has rejected further unsolicited acquisition proposals from re/insurer Chubb, which in turn has expressed disappointment over a lack of engagement. Alongside the release of its first-quarter 2021 financials today, The Hartford has announced the receipt and rejection of two additional acquisition offers from global ... Read the full article
Alliant enters merger agreement with Confie
22nd April 2021
Alliant Insurance Services, the U.S specialty insurance brokerage firm, has entered into a definitive merger agreement with U.S personal lines distributer Confie. The merger, which is expected to close in the second quarter of 2021, will also include Confie’s family of personal insurance brands. Confie is currently a portfolio company of Abry ... Read the full article
Aon – WTW: Remedy proposal reportedly submitted to US DOJ
22nd April 2021
It's been reported that Aon has submitted a remedy offer to the US Department of Justice Antitrust Division as it seeks to gain approval for its planned acquisition of rival Willis Towers Watson (WTW) . Earlier this week we reported on the news that an expansion of the divestment package ... Read the full article
Howden expands in Spain with ARTAI takeover
21st April 2021
International insurance broker Howden has announced the acquisition of ARTAI, an independent corporate broker based in Spain. The acquisition will expand Howden’s presence across Spain, Portugal and Morocco, where ARTAI maintains a workforce of 600 employees across 30 offices, and manages more than €350 million in premiums. ARTAI was founded 28 years ... Read the full article
Aon / WTW: Reports suggest expansion of divestment to the US needed
20th April 2021
As the saga surrounding the proposed combination of brokers Aon and Willis Towers Watson (WTW) continues, sources suggest that an expansion of the deals divestment package needs to include the U.S. to appease the Department of Justice (DoJ). The mega-merger of rival insurance and reinsurance brokers Aon and WTW has, unsurprisingly, ... Read the full article
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