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.
CorRisk Solutions expands to include CorPro
16th January 2020
Ryan Specialty Group subsidiary CorRisk Solutions has expanded to include the business and management team of CorPro Underwriting Managers. CorPro, a series of RSG Underwriting Managers, will continue to operate as usual to provide the market access to best-in-class Management Liability products. Moving forward, CorRisk will provide professional liability for architects & ... Read the full article
One80 Intermediaries acquires Vista Underwriting Partners
15th January 2020
Boston-based national wholesale insurance broker and program manager, One80 Intermediaries, has acquired Vista Underwriting Partners, a full service managing general underwriter of medical stop loss insurance. Vista is headquartered in Media, Pennsylvania, and was established in 2007 as a specialty underwriter of medical stop loss insurance coverage for corporate clients and ... Read the full article
Weston Insurance to acquire Anchor P&C subsidiary
15th January 2020
Specialty insurer, Weston Insurance Holdings Corporation, is set to acquire Anchor Specialty Insurance Company, a subsidiary of Anchor Property & Casualty Insurance Company. In light of the impending acquisition, financial analysis firm Demotech has announced that the Financial Stability Rating (FSR) of A, Exceptional, assigned to Anchor Specialty is being sustained. Demotech's ... Read the full article
Global Risk Partners reportedly up for sale
13th January 2020
Lloyd’s of London broker Global Risk Partners is reportedly up for sale, with a potential deal likely to value the firm at between £700 million and £800 million, according to reports from This is Money. Sources have said that a number of US companies are in talks regarding an acquisition. At this ... Read the full article
AXA XL merges units into XL Insurance Company
13th January 2020
Global re/insurer AXA XL has merged its AXA Corporate Solutions (ACS) and AXA ART units into XL Insurance Company SE (XLICSE), effective from December 31, 2019. The decision to merge these subsidiaries in XLICSE was taken following the acquisition of XL Group by AXA in September 2018. Now, the merger has ... Read the full article
Gallagher acquires 60% stake in Caribbean broker, RMS
13th January 2020
Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has announced the acquisition of a 60% share in Risk Management Services Limited (RMS), a Caribbean insurance brokerage. RMS is located in the Port of Spain, Trinidad and Tobago, and is one of the country's top three ... Read the full article
AJ Gallagher takes 100% ownership of Capsicum Re
13th January 2020
Arthur J. Gallagher & Co. has announced that it has increased its interest in Capsicum Reinsurance Brokers LLP to 100% from the previous 33%, effective January 1st, 2020. Grahame Chilton and Rupert Swallow founded Capsicum Re in December 2013 through a strategic partnership with Gallagher. Since then, the firm has grown ... Read the full article
Liberty Mutual’s Helmsman completes purchase of Eberle Vivian
13th January 2020
Helmsman Management Services (HMS), the third-party administrator wholly owned by Liberty Mutual, has completed its previously announced acquisition of Eberle Vivian Inc. Eberle Vivian is a third-party administrator (TPA) serving the Pacific Northwest region in the US. “The acquisition – and the continuation of the strong Eberle Vivian brand as an operating ... Read the full article
Brown & Brown completes takeover of Canada MGA Special Risk
10th January 2020
Insurance brokerage firm Brown & Brown, Inc. has completed its acquisition of Canada domiciled managing general agent (MGA), Special Risk Insurance Managers, Ltd. First announced last month, Brown & Brown said that the acquisition is an important step towards its establishment of a presence in the Canadian insurance brokerage sector. Going ... Read the full article
NI holdings completes acquisition of Westminster American Insurance
10th January 2020
Insurance holding company NI Holdings, Inc. has completed its previously announced acquisition of Westminster American Insurance Company from private shareholders for $40 million. NI Holdings believes the acquisition will further diversify its portfolio of products both geographically and line, as additional commercial multi-peril business is introduced into the business mix. Westminster is ... Read the full article
Hub International acquires RHC Insurance Brokers
10th January 2020
Global insurance brokerage Hub International has acquired Canada-based RHC Insurance Brokers. Terms of the transaction were not disclosed. RHC is an independent insurance brokerage spread throughout British Columbia that provides personal and business insurance. Tammy Darough, Chief Executive Officer and Chief Financial Officer of RHC, will assist Hub International Insurance Brokers, a ... Read the full article
AIG, Prudential & Principal reportedly discussed Voya takeover
9th January 2020
The Financial Times has reported that re/insurance giant AIG, life insurer Prudential Financial and asset manager Principal Financial Group were among the companies interested in acquiring U.S. retirement plan provider, Voya Financial. According to people briefed on the matter, says the Financial Times, Voya held discussions with AIG, Prudential, Principal Financial ... Read the full article
Gossmann & Cie. to purchase SOVAG following legacy transfer
9th January 2020
Gossmann & Cie. has announced that it plans to purchase German re/insurer Schwarzmeer- und Ostseeversicherungs-AG (SOVAG) via its holding company Minerva Capital GmbH. The transaction follows the completion of the transfer of SOVAG’s legacy portfolio to DARAG in December 2019. Gossmann & Cie. expects the acquisition to accelerate its portfolio refinement ... Read the full article
Coverys European Holdings announces its first acquisition
9th January 2020
Coverys European Holdings Limited (CEH), a division of Coverys which invests in specialty managing general agencies (MGAs) across continental Europe and the UK, has announced the completion of its first acquisition. For its first acquisition, CEH has purchased a Lloyd's of London Coverholder and Broker, TPA, and MGA business providing liability ... Read the full article
Generali finalises purchase of Apollo units in Portugal
8th January 2020
Italian re/insurer Generali has finalised its acquisition of Seguradoras Unidas and the service company AdvanceCare from Apollo Global Management, Inc. in Portugal. The transaction, first announced in July 2019, sees Generali acquire 100% of Seguradoras Unidas for €510 million and AdvanceCare for €90 million. The companies were bought from Calm Eagle ... Read the full article
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