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.
Senator & Cannae request meeting of CoreLogic shareholders
2nd September 2020
Senator Investment Group LP and Cannae Holdings Inc. have delivered written consents to call a special meeting of shareholders to consider replacing a majority of the board members of property information and analytics provider CoreLogic. The move comes after CoreLogic’s board unanimously rejected an offer from Senator and Cannae to ... Read the full article
Genworth & Oceanwide confirm September merger date
2nd September 2020
Mortgage insurer Genworth Financial and China Oceanwide Holdings Group have confirmed that their long-delayed merger agreement is still set to go ahead this month, following approval of Oceanwide’s funding plans. Genworth said that it was satisfied with the funding plans for the $2.7 billion deal, and therefore does not intend to ... Read the full article
Resolution Life’s acquisition of Voya’s individual life business to close in Q4
1st September 2020
Resolution Life Group Holdings Ltd.'s acquisition of the in-force individual life business of Voya Financial, Inc. has been delayed slightly to allow more time to finalise the remaining regulatory reviews of the deal. Announced in December of last year, the transaction was initially expected to close by the end of ... Read the full article
Hippo completes acquisition of Spinnaker
1st September 2020
Hippo, the California-headquartered, homeowners focused InsurTech, has closed its acquisition of Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 US states. Since 2017, Hippo Insurance Services has partnered with Spinnaker as its largest carrier platform, with Hippo products that are backed by Spinnaker currently available in more ... Read the full article
Aon & WTW obtain shareholder approval ahead of combination
27th August 2020
The respective shareholders of global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), have voted FOR all proposals surrounding the combination of the two companies. The shareholders of both brokers confirmed their approval of the proposed combination at their respective extraordinary general meetings and at the special meeting of ... Read the full article
Monument Re acquires Charles Taylor’s Isle of Man operations
25th August 2020
Life reinsurance and insurance holding company, Monument Re, has reached an agreement to acquire Charles Taylor Group's Isle of Man businesses. The purchase mostly consists of Charles Taylor's life insurance entity, LCL International Life Assurance Company Limited, and Charles Taylor Holdings Limited. Financial terms of the deal were not disclosed and the ... Read the full article
P&C run-off provider Marco acquires UK non-life insurer from Allianz
25th August 2020
Marco Capital Holdings Limited, the recently launched European Property & Casualty run-off player, has announced its first deal after reaching an agreement to purchase British Reserve Insurance Company Ltd (BRIC) from Allianz. The transaction remains subject to regulatory approval, and, provides the basis of the company's regulated platform for future run-off ... Read the full article
Hamilton appoints head of M&A for North America & LatAm
24th August 2020
Bermuda-based re/insurer Hamilton Insurance Group has announced the appointment of Aartie Manansingh to lead the development of its mergers and acquisitions (M&A) division in North America and Latin America. Manansingh comes to Hamilton from Willis Towers Watson (WTW) where she was a director in the firm’s M&A group, facilitating the placement ... Read the full article
R&Q agrees to acquire The World Marine & General Insurance Company
20th August 2020
Randall & Quilter II Holdings Limited, a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has reached an agreement to acquire the entire issued share capital of The World Marine & General Insurance Company PLC (WMG) from BHP Group Limited. BHP acquired WMG, which was established in England & ... Read the full article
Ardonagh Group plans takeover of Thames Underwriting
19th August 2020
The Ardonagh Group has announced that it plans to acquire Thames Underwriting, a specialist MGA that provides insurance solutions to brokers across the Construction, Leisure and Commercial sectors. Following the takeover, Thames will join Ardonagh’s suite of MGA brands and will operate within Geo Specialty Group Holdings Limited. Thames is headquartered in ... Read the full article
R&Q announces acquisition of Inceptum Insurance
19th August 2020
Randall & Quilter Investment Holdings Ltd. has revealed that its wholly subsidiary, Randall & Quilter II Holdings Limited, has reached an agreement to acquire the entire issued share capital of Inceptum Insurance Company Limited. Incorporated in England & Wales in 1998, Inceptum is now part of the Vibe Group of companies. The ... Read the full article
Enstar enters recapitalization agreement ahead of StarStone deal
18th August 2020
Bermuda based insurance, reinsurance and run-off specialist Enstar Group has entered into a recapitalization agreement ahead of its previously announced exchange transaction involving Atrium & StarStone US. Last week, Enstar announced that it plans to grow its interest in StarStone US by exchanging a part of its holding in Northshore ... Read the full article
AXA eyeing $177mn sale of Greek business to Generali: reports
17th August 2020
AXA is reportedly considering the sale of its Greek operations to Itay’s Generali after an estimated value of $177 million was placed on the unit by parties from both companies. Bloomberg, citing people familiar with the matter, describe the move as an opportunity to relinquish business lines deemed surplus to requirements. Representatives ... Read the full article
For SiriusPoint, underwriting is paramount: Sankaran & Malloy
14th August 2020
SiriusPoint, the new insurer and reinsurer incepted via the combination of Third Point Re and Sirius Group, is determined to focus on the bottom line to ensure underwriting excellence. This is according to incoming Chief Executive Officer (CEO) of SiriusPoint, Sid Sankaran and Dan Malloy, current Third Point Re CEO who ... Read the full article
DARAG wraps up Hallmark Financial deal, announces acquisition of Bermudian reinsurer
14th August 2020
Legacy acquirer DARAG, has announced that its North American division has closed a loss portfolio transfer transaction with Hallmark Financial Services within its newly established cornerstone North American insurer, DARAG Bermuda. DARAG Bermuda Ltd. and DARAG Insurance (Guernsey) Limited recently entered into the deal with American Hallmark Insurance Company of Texas, ... Read the full article
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