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.
Marsh completes purchase of Wortham Insurance
2nd August 2018
Global insurance and reinsurance broker Marsh has completed its previously announced acquisition of Houston-based independent insurance brokerage Wortham Insurance. Marsh originally announced in June 2018 that it planned to acquire the Texan broker, which has 530 colleagues based across its offices in Austin, Dallas, Fort Worth, Houston, and San Antonio, ... Read the full article
Ryan Specialty Group acquires ARC Specialty Brokerage assets
1st August 2018
Ryan Specialty Group (RSG) is to buy certain assets of ARC Specialty Brokerage, the property/casualty (P&C) division of wholesale insurance broker ARC Excess & Surplus. Terms of the transaction were not disclosed. ARC Specialty’s Mike Vollaro, a wholesale brokerage professional and specialist in New York construction, will join RT Specialty, the wholesale ... Read the full article
Seeman Holtz continues U.S expansion with new acquisitions
23rd July 2018
Seeman Holtz Property & Casualty, Inc. (SHP&C) has continued its expansion in the U.S with the acquisitions of Central Insurance Advisors, LLC in Florida and Transway Insurance Agency, LLC in Texas. The company says the acquisition of these new independent agencies will strengthen its local commercial insurance platforms and allow it ... Read the full article
LCCG to acquire Generali Worldwide & Generali Link
19th July 2018
Italian insurance giant Generali has entered into an agreement to sell its entire shareholding in Generali Worldwide Insurance Company Limited and Generali Link, to Life Company Consolidation Group (LCCG). The transactions are part of Generali Group's strategy to improve its operational efficiency, alongside improved capital allocation and to optimise its geographical ... Read the full article
Prestige secures multi-million pound investment from Capital Z
19th July 2018
Prestige Insurance Holdings, the parent company of Northern Ireland’s largest privately owned broker, Abbey Insurance, has secured a multi-million pound investment by global equity firm Capital Z Partners Management. The deal, for an undisclosed sum, will see Capital Z acquire the shares of a number of retiring shareholders of Prestige. Prestige’s Founder ... Read the full article
Allianz expands Africa presence with completed acquisition of Ensure
19th July 2018
Global insurer Allianz Group has completed the acquisition of 99.03% of the shares of Nigerian insurance company, Ensure Insurance plc, from Greenoaks Global Holdings Ltd. Effective July 18th, 2018, Ensure becomes part of the Allianz Group, and will operate in Nigeria as Ensure - a company of Allianz. Ensure offers both life ... Read the full article
AIG completes Validus acquisition
18th July 2018
American International Group, Inc. (AIG) has announced the closing of its $5.56 billion acquisition of Validus Holdings, Ltd. following the receipt of regulatory approvals and approval of Validus shareholders. The deal was first announced on January 22nd, 2018, and sees AIG gain some attractive and diversified franchises, including reinsurer Validus Re, insurance-linked ... Read the full article
Brown & Brown acquires disability insurance services firm, PDA
18th July 2018
Brown & Brown has announced that its wholly owned subsidiary, The Advocator Group, has acquired Professional Disability Associates, LLC (PDA), a disability services company and provider of specialty claims management services. PDA has annual revenues of approximately US $15 million, and its services include medical file review, vocational services, and claim ... Read the full article
2Q18 P&C results signal increased M&A activity: KBW
18th July 2018
Results for 2Q18 show that mergers and acquisitions (M&A) activity among property and casualty (P&C) re/insurers has increased in terms of both transaction value and count when compared with the same period in 2017, according to analysts at Keefe, Bruyette & Woods (KBW). Underwriter transaction values for the year to date ... Read the full article
Arthur J. Gallagher & Co. acquires The Jack Nebel Companies, Inc.
18th July 2018
U.S. global insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has announced the acquisition of wholesale commercial insurance broker and MGA, The Jack Nebel Companies, Inc. Based in North Barrington, Illinois, Jack Nebel serves independent retail agents and brokers across the Midwestern United States. The firm offers a ... Read the full article
AXA’s legacy arm acquires majority stake in Emirates Re
17th July 2018
Specialist run-off acquirer and manager AXA Liabilities Managers has signed its 19th acquisition on the external market with the purchase of a majority stake in Dubai-headquartered Emirates Re. “We are delighted to pursue our external development with the acquisition of Emirates Re,” said Sylvain Villeroy de Galhau, Chief Executive Officer (CEO), ... Read the full article
Brown & Brown acquires P&C insurer Coffman-Standridge Inc.
16th July 2018
Brown & Brown has announced that its subsidiary, Brown & Brown Arkansas, has acquired substantially all of the assets of Coffman-Standridge Incorporated (CSI Insurance) from the company’s sole shareholder, Mark A. Coffman. Founded in 2010, CSI Insurance provides property and casualty (P&C) insurance products and services to customers throughout Arkansas, with ... Read the full article
M&A deal activity to increase despite rising costs: Moody’s
13th July 2018
The re/insurance industry is likely to see an increase in mergers and acquisitions (M&A) deals in the future, even as transactions become more expensive due to high expectations from sellers, according to Moody’s Investors Service. In recent years, Moody’s observed that there has been a trend of large, globally diversified firms ... Read the full article
Price Forbes & Bishopsgate launch combined specialist energy group
11th July 2018
Price Forbes & Partners Ltd and Bishopsgate Insurance Brokers Ltd, two firms within the Ardonagh Group, have announced that they have merged their energy businesses into a combined specialist energy group. The newly consolidated group will be led by Gordon Newman, Chairman of Bishopsgate, who will coordinate production activity across both ... Read the full article
AXA and XL Group reveal branding for combined operations
11th July 2018
AXA and XL Group have revealed the branding and structure of their future combined operations, to be known as AXA XL, following AXA’s acquisition of XL Group for $15.3 billion in March 2018. Once the acquisition is completed, the new AXA XL division will operate under the ... Read the full article