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.
GIC & MassMutual buy out Blackstone’s stake in Rothesay Life
30th September 2020
Global investment firm GIC and mutual life insurer Massachusetts Mutual Life Insurance Company (MassMutual) have agreed to acquire a 36% shareholding in Rothesay Life from investor Blackstone in a deal valued at £5.75 billion. Under the terms of the transaction, GIC and MassMutual will each become equal 49% shareholders. Blackstone, GIC and ... Read the full article
Hyperion secures up to $1.5bn for growth via Hg investment
30th September 2020
Hg, a leading European investor in software and tech-enabled services businesses, is set to make a significant long-term equity investment in insurance intermediary Hyperion Insurance Group Limited, a transaction which values the business at an enterprise value of approximately $5 billion. Together with an additional debt raise and existing resources, the ... Read the full article
Allianz to acquire five East African P&C insurers in $100mn deal
29th September 2020
Global insurer Allianz has announced a partnership that will see it acquire controlling stakes in five East African general insurance companies, all of which belong to Jubilee Holdings Limited, the region's largest insurance group. The partnership, which has been finalised but still requires regulatory approval, covers the property & casualty segment in Kenya, ... Read the full article
Howden acquires professional indemnity broker St Giles
29th September 2020
Howden Broking Group, an independent insurance and reinsurance broker, has reached an agreement to acquire St Giles Legal & Professional Risks. St Giles is a professional indemnity insurance broker specialising in the UK solicitor space, a market in which Howden is currently a leading provider. The acquisition of St Giles further cements ... Read the full article
Protective to acquire F&I insurer Revolos
28th September 2020
Protective Life Corporation (Protective), a wholly owned US subsidiary of Dai-ichi Life Holdings, Inc., has entered into an agreement to acquire the Revolos family of companies. Headquartered in Atlanta, Georgia, Revolos is a Finance & Insurance (F&I) solutions provider. Protective Asset Protection has been providing F&I solutions to the automotive industry for ... Read the full article
AFG completes Lloyd’s market exit with sale of Neon to RiverStone
28th September 2020
American Financial Group, Inc. (AFG) is set to complete its previously announced exit from the Lloyd's of London re/insurance marketplace via the sale of GAI Holding Bermuda and its subsidiaries, which comprises the legal entities that own its Neon business, to RiverStone Holdings Limited. AFG announced at the start of ... Read the full article
LV= confirms M&A talks with Royal London
28th September 2020
UK insurer Liverpool Victoria Friendly Society (LV=) has confirmed that it is in talks with The Royal London Mutual Insurance Society Limited regarding a possible takeover of LV=. Sources say that the transaction could be worth between £500 million and £1 billion, with the combined entity able to serve nearly 10 ... Read the full article
Senator & Cannae attack CoreLogic in letter to shareholders
25th September 2020
Investors Senator Investment Group LP and Cannae Holdings Inc. have attacked the performance and conduct of catastrophe risk modeller CoreLogic in a letter to shareholders ahead of a meeting to decide on the future of the firm’s Board. Senator & Cannae hope to convince shareholders to replace nine members of ... Read the full article
Allianz & Athora reportedly eyeing Aviva takeover in France
25th September 2020
A consortium of Allianz and life re/insurer Athora Holding is considering a takeover of Aviva’s French business in a deal valued at €2 billion to €3 billion, according to reports from Reuters. Reuters sources said that Aviva has engaged JP Morgan and Rothschild to help offload its life and P&C operations ... Read the full article
Howden to acquire UK personal & commercial lines broker, A-Plan Group
23rd September 2020
Howden Broking Group, an independent insurance and reinsurance broker, has announced an agreement to acquire one of the largest personal and commercial lines insurance brokers in the UK, A-Plan Group, subject to regulatory approval. Once completed, the deal will create one of the largest insurance brokerages in the UK, managing more ... Read the full article
OneBeacon acquires renewal rights for Brit Global Specialty USA portfolio
21st September 2020
OneBeacon Insurance Group, the brand for Intact Financial Corporation's U.S. insurance company subsidiaries, has announced the acquisition of the renewal rights to Brit Global Specialty USA's admitted 'First Dollar Package' Public Entity portfolio. The portfolio acquired in the transaction provides admitted coverage for cities, towns, villages, boroughs, water-sewer utilities and other ... Read the full article
Charles Taylor acquires engineering firm SBSA
21st September 2020
Technology solutions provider, Charles Taylor has announced that it has acquired engineering and architectural firm, Solutions Before Solutions After (SBSA). SBSA specialises in a number of products, including architectural, civil, and structural engineering, construction management, building envelope repair, performance testing, forensic analyses, and litigation support. Although the firm works primarily with clients ... Read the full article
Combined Aon / WTW to foster a new standard of client leadership & innovation
17th September 2020
The "once-in-a-generation" combination of global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), will deliver distinctive client insight, advanced analytical capabilities, and superior outcomes, according to Greg Case, Chief Executive Officer (CEO) of Aon and John Haley, CEO of WTW. Following weeks of speculation, Aon confirmed back in ... Read the full article
Blenheim parent secures £80mn investment from Alchemy
17th September 2020
White Bear Capital, the parent company of Lloyd's syndicate Blenheim, is to receive an investment of £80 million from Alchemy Special Opportunities Fund IV, a closed private equity fund managed by Alchemy Partners. As part of the deal Alchemy will take a substantial stake in the group alongside the staff and existing investor ... Read the full article
Novacap announces acquisition of GroupAssur
17th September 2020
Canadian equity firm, Novacap has announced the acquisition of a majority interest in GroupAssur Inc. GroupAssur is a general agent that specialises in Property and Casualty insurance lines, offering insurance products across Canada. Headquartered in Montreal, GroupAssur provides insurance solutions to its country-wide network of Canadian brokers. Marcel Larochelle, Managing Partner, Financial Services ... Read the full article
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