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 Lloyds rebrands after ReAlign acquisition
8th January 2021
National Lloyds Insurance Company has announced that it has rebranded as National Summit Insurance Company following its acquisition by ReAlign Insurance Holdings, Inc. back in July 2020. The rebranding also follows the conversion of National Lloyds from a Texas Lloyds Plan company into a capital stock insurance company. The company, now ... Read the full article
Aston Lark acquires Lloyd’s broker CRS Yachts
8th January 2021
Aston Lark, a chartered insurance broker backed by Goldman Sachs, has announced the acquisition of Lloyd’s broker CRS Yachts. CRS Yachts is based in London and offers a bespoke service focussed solely on serving superyacht owners. The company will maintain its existing brand but will play an active and significant role in ... Read the full article
New York Life acquires Cigna businesses
7th January 2021
US domiciled mutual life insurer New York Life has completed its $6.3 billion acquisition of health insurer Cigna’s life, accident, and disability insurance business. The acquisition, which was first announced in 2019, adds approximately 3,000 employees and over nine million customers to New York Life’s portfolio. The new business will be ... Read the full article
I–RE enters partnership with Cimarron Insurance
7th January 2021
Specialist captive re/insurance MGU, International Re (I–RE), has announced a new strategic capacity partnership with Cimarron Insurance, a niche specialist admitted insurer. The partnership will underwrite a range of admitted property and casualty lines of business, rolling out over the next 12 months. Cimarron specialises in providing individual business owners, owner operators ... Read the full article
Marco acquires Allianz’ British Reserve Insurance Company
7th January 2021
European P&C Legacy specialist Marco has completed its acquisition of Allianz-owned UK non-life insurer British Reserve Insurance Company (BRIC). The transaction has received all required regulatory approvals. BRIC is an authorised UK non-life insurance carrier and has been purchased to help enable Marco to provide reinsurance solutions, as well to offer finality by ... Read the full article
Alliant acquires BridgePoint Risk Management
7th January 2021
Alliant has announced the acquisition of BridgePoint Risk Management, a national provider of personal and commercial risk management solutions. BridgePoint is known for providing customised commercial and personal risk management solutions to individuals, families, and business owners nationwide. The company has offices in Ohio, Connecticut, Arizona, and Florida. “BridgePoint and its talented team ... Read the full article
R&Q completes Inceptum & WMG acquisitions
6th January 2021
Randall & Quilter Investment Holdings Ltd. (R&Q) has completed its acquisitions of Inceptum Insurance Company Limited and The World Marine & General Insurance Company PLC (WMG). R&Q recently received regulatory approval for both acquisitions, which were first announced back in August 2020. Inceptum is part of the Vibe Group of companies ... Read the full article
Allstate finalises acquisition of National General
6th January 2021
US primary insurer Allstate Corporation has closed its $4 billion acquisition of National General Holdings. The acquisition, which was announced in July last year, sees Allstate expand its personal lines market position. National General offers a range of property-liability solutions through independent agents with a presence in non-standard auto insurance. Additionally, National ... Read the full article
Nexus acquires marine business from Hiscox MGA
6th January 2021
Independent specialty Managing General Agent Nexus Group has acquired the marine business (HMM) from Hiscox MGA. The purchase was via an asset purchase into Millstream Underwriting, a Nexus Group company specialising in consumer insurance. HMM was originally established in 2012 and underwrites yachts and the marine trades industry. Hiscox will continue to provide underwriting ... Read the full article
Charles Taylor announces Aegis acquisition
6th January 2021
Technology solutions provider Charles Taylor has acquired Wisconsin-based mutual management and third-party claims administrator, Aegis Corporation. Aegis provides both risk pools and self-insureds with bespoke insurance and claims management programs focused on the needs of public entities and municipal organisations. At its Brookfield, Wisconsin headquarters, some 45 employees oversee insurance programs and ... Read the full article
Resolution Life acquires Voya Financial’s individual life in-force business
5th January 2021
Resolution Life, a manager of in-force life insurance businesses, has completed its acquisition of Voya Financial's individual life in-force business. The deal sees Voya offload all of its in-force individual life business, including Security Life of Denver Insurance Company, Midwestern United Life Insurance Company and certain other affiliates, as well as ... Read the full article
Ambac Financial Group to acquire 80% of Xchange
5th January 2021
Ambac Financial Group has entered into an agreement to acquire 80% of the membership interests of each of Xchange Benefits and Xchange Affinity Underwriting Agency, collectively Xchange. P&C Managing General Underwriter (MGU) Xchange will continue operating under its existing brand as it seeks to expand its underwriting partnership with its key ... Read the full article
NN Group completes integration of VIVAT non-life business
4th January 2021
Following regulatory approval, Dutch insurer NN Group has completed the integration of VIVAT Non-life into its non-life business unit. NN Group acquired the VIVAT Non-life business as part of a larger transaction that saw Athora purchase VIVAT N.V. from China’s Anbang Group. First announced in June 2019, the deal signalled ... Read the full article
Genworth’s focus shifts to contingency plan as Oceanwide merger stalls
4th January 2021
Genworth Financial and China Oceanwide Holdings Group have revealed uncertainty around the completion of their long-delayed merger agreement, leading mortgage insurer Genworth to focus on its contingency plan. The proposed acquisition of control by Oceanwide of Genworth’s New York-based insurance company, Genworth Life Insurance Company of New York, had initially been ... Read the full article
AJG a good fit for Willis Re if regulators force sale: KBW
4th January 2021
Analysts at KBW have pointed to Arthur J Gallagher as a likely buyer of Willis Re, if the investigation currently being carried out by EU regulators forces Aon and Willis Towers Watson (WTW) to make divestitures ahead of their planned merger. The European Commission (EC) confirmed last month that it ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
