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.
Aon & WTW agree $3.57bn sale of certain assets to Gallagher
12th May 2021
Global re/insurance brokers Aon and Willis Towers Watson (WTW) have signed a definitive agreement to sell Willis Re and a number of other WTW assets to Arthur J. Gallagher & Co. (Gallagher), for a total consideration of $3.57 billion. The announcement comes as the pair look to satisfy the European Commission's ... Read the full article
Tryg and Intact receive regulatory approvals for RSA acquisition
10th May 2021
Intact Financial Corporation and Scandinavian insurer Tryg A/S have received all anti-trust and regulatory approvals for the acquisition of RSA Insurance Group plc, setting the stage for closing the mega-merger within a month. RSA will now need to re-register as a private limited company, and the High Court of Justice in ... Read the full article
AJ Gallagher in talks to acquire $3bn portfolio of Aon and WTW assets: Bloomberg
10th May 2021
Global insurance broker Arthur J. Gallagher is in talks with Aon and Willis Towers Watson (WTW) over the potential acquisition of a portfolio of assets, which includes Willis Re, reports Bloomberg. Bloomberg, citing people familiar with the matter, has reported that an agreement could be reached in the coming weeks. According to ... Read the full article
Monument Assurance Belgium to acquire Intégrale
7th May 2021
Monument Assurance Belgium (MAB), a member of the Monument Re Group, has entered into an agreement to acquire the entire portfolio and all the staff of Intégrale. This agreement follows a firm offer from MAB, which was considered by the provisional administrators appointed by the National Bank of Belgium (NBB) to ... Read the full article
Arthur J. Gallagher acquires Koff & Associates
7th May 2021
Global insurance broker, Arthur J. Gallagher & Co. has acquired California-based Kaneko & Krammer Corp, which does business as Koff & Associates. Founded in 1984, Koff & Associates offers a full spectrum of HR services, including job classification and analysis, compensation studies, compliance, organisational assessments, performance management programs and recruiting services, ... Read the full article
M&A environment still favourable for health insurers: AM Best
6th May 2021
The environment for mergers and acquisitions (M&A) among U.S. health insurers remains favorable as they continue to seek out diversification and growth opportunities, according to analysts at AM Best. The rating agency noted in a recent report that health insurers reported record earnings and accumulated a significant amount of cash in ... Read the full article
Aston Lark Europe to trade under Aston Lark Ireland
6th May 2021
Robertson Low Insurances and Wright Group Brokers have completed their merger along with their subsequent rebrand to Aston Lark Europe, which now trades as Aston Lark Ireland. Continuing to operate out of the current offices in Dublin, Carlow, Portlaoise, Wexford and London, Aston Lark Ireland is headed up by CEO, Robert ... Read the full article
Charles Taylor acquires loss adjusting firm IES
5th May 2021
Insurance services provider Charles Taylor has announced its acquisition of Insurance Engineering Services (IES), a loss adjusting practice headquartered in Italy. IES provides a range of services including loss adjusting, corporate claims management, risk engineering and training to the insurance market. Charles Taylor says the acquisition supports the growth of its adjusting ... Read the full article
Amwins signs agreement to acquire Equisure
4th May 2021
Amwins Group, the independent wholesale distributor of specialty insurance products in the US, has signed a definitive agreement to acquire Equisure, an insurer for equine and canine risks. The transaction is expected to close later this month and will further position Amwins as a diversified specialty distribution firm. Scott Purviance, Chief Executive ... Read the full article
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
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