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.
IGI gets regulatory nod for go-public Tiberius deal
31st January 2020
International General Insurance Holdings (IGI), the specialist commercial re/insurer, has received regulatory approval from the Bermuda Monetary Authority (BMA) for its planned business combination with Tiberius Acquisition Corp., which will result in the public listing of IGI. First announced back in October 2019, this deal prices IGI at approximately 1.26x ... Read the full article
THG acquires Massachusetts-based Group Brokerage Insurance Agency
29th January 2020
Virginia headquartered middle market insurance agency, The Hilb Group, LLC (THG) has announced the acquisition of Group Brokerage Insurance Agency, LLC (GBIA), a firm located in Waltham, Massachusetts. The transaction became effective on January 1st, 2020 and sees THG acquire an employee benefits agency primarily providing group medical, dental, life, short ... Read the full article
Re/insurance industry deals total $14.31bn in December: GlobalData
29th January 2020
Global re/insurance industry deals during the month of December 2019 totalled $14.31 billion, according to data and analytics firm GlobalData. This marked an increase of 233.5% over the previous month and a rise of 224.4% when compared with the last 12-month average of $4.41 billion. In terms of number of deals, GlobalData ... Read the full article
AJ Gallagher acquires North Carolina’s Hanover Excess & Surplus
28th January 2020
International insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co. (AJ Gallagher), has acquired Hanover Excess & Surplus, Inc. Based in Wilmington, North Carolina, Hanover Excess & Surplus was established in 1970 and operates as a regional managing general agency offering hard-to-place coastal commercial and personal P&C ... Read the full article
Three in race to buy AXA’s €1bn-rated Eastern Europe operations, reports
28th January 2020
There are currently three bidders in the running to secure the €1 billion-rated Central and Eastern Europe business operations of French insurance and investment giant AXA, according to a Bloomberg insider. Only the Italian insurer Assicurazioni Generali SpA and Austrian insurers Vienna Insurance Group and Uniqa Insurance Group are supposedly still ... Read the full article
Aston Lark acquires Exeter-based broker, Isca Barum
28th January 2020
Aston Lark, a Goldman Sachs-backed chartered insurance broker, has acquired Exeter, UK-based independent brokerage, Isca Barum Insurance Brokers. The acquisition of Isca Barum, a broker offering a full suite of insurance services to corporate and private clients across the UK, is Aston Lark's first acquisition of the year. The firm has a ... Read the full article
R&Q completes acquisition of Montana captive, Vigneron Insurance
27th January 2020
Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the acquisition of Vigneron Insurance Company, Inc. (VICI), a Montana-based captive insurer. R&Q has acquired VICI from a wholly owned private investment holding company with diverse holdings in a range of industries, real estate, marketable securities and other investments. The Montana captive insurer ... Read the full article
Atlas to offload subsidiary as MGA transition continues
24th January 2020
US-based commercial auto insurer Atlas Financial Holdings looks set to sell its subsidiary Gateway Insurance Company to ride-sharing insurance provider Buckle, as it looks to continue its transition towards an MGA model. Atlas’ strategic focus includes transitioning business previously written on its insurance subsidiaries, which are currently in rehabilitation, to alternative ... Read the full article
Transverse completes acquisition of Arrowood’s E&S insurer
24th January 2020
Virgo Investment Group backed program carrier, Transverse Insurance Group, has completed its acquisition of Arrowood Surplus Lines Insurance Company (ASLIC) from Arrowood Indemnity Company (Arrowood), which is a subsidiary of Arrowpoint Capital. ASLIC is domiciled in Delaware and operates as an excess & surplus insurer, authorised to write business in most ... Read the full article
AXA considering sale of Middle Eastern operations, reports
24th January 2020
French insurance and investment giant AXA may be looking to offload its Middle Eastern operations as Chief Executive Officer Thomas Buberl looks to continue streamlining efforts, according to reports from Bloomberg. While AXA is yet to begin a formal sale process, people close to the matter have told Bloomberg that the ... Read the full article
Aerial imagery specialist Vexcel partners with Verisk’s Geomni
23rd January 2020
Vexcel Imaging, a specialist in aerial imagery data, cameras, and photogrammetry software, has agreed to acquire the imagery sourcing group from Verisk’s Geomni business. The deal will combine Geomni’s imagery surveying and content-related teams and assets into Vexcel, and will also see Verisk become a minority owner in Vexcel, with full ... Read the full article
Lovell Minnick completes acquisition of Charles Taylor
22nd January 2020
Charles Taylor has been acquired by an investment company managed and controlled by Lovell Minnick Partners LLC, a U.S. private equity firm that invests in the global financial services sector. It's expected that the takeover will support Charles Taylor's growth strategy, which has a focus on broadening client relationships and specialist ... Read the full article
CoreLogic acquires geospatial data firm Location
22nd January 2020
Property information and analytics provider CoreLogic has announced the completion of its acquisition of Location, Inc., a firm specialising in geographic data sciences and predictive analytics for businesses in the US and Canada. CoreLogic believes the acquisition will expand its insurance risk analytics and real estate insights for non-weather water and ... Read the full article
Xceedance acquires Activer Solutions
21st January 2020
Re/insurance service provider Xceedance has announced the acquisition of Activer Solutions. Based in Massachusetts, Activer Solutions specialises in insurance operations and technology services for the front, middle, and back office operations of P&C insurers. In the next few months, Activer Solutions will be absorbed into the US operations of Xceedance. Xceedance hopes the ... Read the full article
Brown & Brown acquires MGA Texas All Risk
20th January 2020
A subsidiary of insurance brokerage Brown & Brown, Inc., Hull & Company, LLC, has acquired the assets of Texas All Risk, a managing general agent (MGA) for independent retail insurance agencies. Texas All Risk places a broad range of P&C insurance for businesses and individuals in Texas, Louisiana, and also Oklahoma. Once ... 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.
