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.
Howden set to acquire cyber, tech-focused broker Safeonline
24th November 2020
Insurance broker Howden has agreed to acquire specialist broker and Lloyd’s coverholder Safeonline. The deal will see a team of cyber insurance specialists join Howden’s cyber division and is intended to add resources and expertise to the company's presence in the marketplace. Chris Cotterell, Chief Executive Officer of Safeonline will join Howden ... Read the full article
Kemper to acquire American Access in $370mn deal
24th November 2020
US insurer Kemper is set to acquire American Access Casualty, its related captive insurance agency Newins Insurance Agency Holdings, as well as its subsidiaries, in a cash transaction valued at $370 million. The transaction is expected to close in the first quarter of 2021 and is subject to regulatory approval and ... Read the full article
Zurich eyeing takeover of MetLife’s US P&C business
23rd November 2020
Zurich Insurance Group has confirmed that it is currently in discussions regarding a potential takeover of MetLife’s US property and casualty (P&C) business. The company announced that talks had indeed begun after rumours about an acquisition began circulating in the media. Reuters had previously reported that a deal with life insurer MetLife ... Read the full article
Buckle acquires additional legacy assets from Atlas
18th November 2020
US-based commercial auto insurer Atlas Financial Holdings has announced the sale of further legacy assets to ride-sharing insurance provider Buckle. Buckle recently completed the purchase of Atlas' subsidiary Gateway Insurance Company, following Atlas' decision to move towards an MGA model. Scott D. Wollney, Atlas’ President & CEO said: “We recently announced the closing ... Read the full article
Speciality insurer Inigo set to launch at Lloyd’s following StarStone acquisition
18th November 2020
Speciality insurer Inigo is set to launch at Lloyd's of London following the acquisition of Enstar and Stone Point Capital's managing agency StarStone Underwriting (SUL), along with the right to operate Syndicate 1301. Enstar, Stone Point and venture capital firm Dowling will receive $30 million from the sale of SUL in the form ... Read the full article
Aston Lark acquires two new broking firms
17th November 2020
Chartered insurance broker Aston Lark has announced the acquisition of Risk Alliance Limited and Risk Alliance International, two broking subsidiaries of Risk Alliance Group. Risk Alliance Limited is a specialist Schemes broker based in Bingley, West Yorkshire, and were acquired by Accelerant in September 2019. The deal sees a total of 14 staff ... Read the full article
AJ Gallagher acquires AWIS Group
16th November 2020
International insurance brokerage firm, Arthur J. Gallagher, has announced the acquisition of San Diego-based AWIS Group. Founded in 2005, AWIS is a wholesale insurance broker offering a broad range of commercial coverages as well as high-net-worth personal lines, primarily through California-based insurance agencies. The AWIS team will continue to operate from their ... Read the full article
Davies expands service offering via unit rebrand
16th November 2020
Operations management, consulting and digital solutions provider Davies Group has announced it is to rebrand its Requiem intermediary services business as the operation looks to broaden the services it provides to the market. Davies had previously acquired Requiem in 2018 from R&Q, and will be renamed to Davies Intermediary Support Services ... Read the full article
Intact raises funds for proposed RSA takeover
13th November 2020
Intact Financial Corporation has announced that it has entered into an agreement with a group of underwriters, led by CIBC Capital Markets and Barclays Capital Canada, Inc., designed to finance a slice of its proposed acquisition of UK insurer RSA. Under this arrangement, the underwriters have agreed to purchase, on a ... Read the full article
Vault holdings acquired by HSCM Bermuda
13th November 2020
Private investment firm Cornell Capital LLC and Hudson Structured Capital Management, doing its re/insurance business as HSCM Bermuda, have announced that they have entered into an agreement to acquire Vault Holdings. Florida-based Vault first launched in October 2017 and offers insurance that combines an advanced technology platform and personalised concierge service ... Read the full article
WTW bolsters climate change expertise with Acclimatise acquisition
12th November 2020
Re/insurance broker Willis Towers Watson has announced the acquisition of Acclimatise, a climate change adaptation advisory and analytics services provider. Acclimatise, based in the UK with teams in France, the US and India, brings additional experience in climate adaptation to WTW following the completion of over four hundred and fifty climate ... Read the full article
Aston Lark acquires MS Amlin’s marine pleasure craft book of business
11th November 2020
Chartered insurance broker Aston Lark has announced the acquisition of MS Amlin’s marine pleasure craft book of business. Haven was formed as a boat insurance provider in 1986 and merged with Knox-Johnston Insurance Brokers in 1992 to become Haven Knox-Johnston, part of the Amlin Group. A further merger in 2016 saw the ... Read the full article
Brown & Brown acquires InsurTech CoverHound
10th November 2020
A subsidiary of Brown & Brown, Inc. has acquired substantially all of the assets of InsurTech firm CoverHound, a digital insurance marketplace for both individuals and small businesses. The deal has been announced by J. Scott Penny, Brown & Brown's Chief Acquisitions Officer and Keith Moore, Chief Executive Officer (CEO) of ... Read the full article
CoreLogic updates on sales process, slams “misinformation campaign”
9th November 2020
Property information and analytics provider CoreLogic has provided an update on its acquisition talks after renewed pressure from investors to engage in an auction process as soon as possible. CoreLogic confirmed that it was conducting a strategic review of its options after receiving multiple takeover proposals valuing the firm in ... Read the full article
Re/insurance broker Miller to be acquired by Cinven and GIC
9th November 2020
Specialist insurance and reinsurance broker, Miller, is set to be acquired from its partners and corporate member, Willis Towers Watson (WTW), by global private equity firm, Cinven and GIC, Singapore's sovereign wealth fund. Miller, which employs over 640 people through its offices across the world's major insurance hubs, is a specialist ... Read the full article
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