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.
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
Risk Strategies acquisition targets student health services
17th January 2020
US insurance broker and risk management firm Risk Strategies has announced the acquisition of Academic HealthPlans, Inc. (AHP), a firm that creates and administers health insurance plans that colleges and universities make available to its students. The acquisition will significantly expand Risk Strategies’ standing as a broker of student health insurance ... Read the full article
Marsh & McLennan Agency acquires Atlanta broker Ironwood
17th January 2020
Marsh & McLennan Agency LLC (MMA), the middle market agency of global re/insurance broker Marsh, has announced the acquisition of Ironwood Insurance Services, LLC. Based in Atlanta, Georgia, Ironwood provides commercial property and casualty insurance, employee benefits, and private clients solutions to mid-sized businesses and individuals through the US. The firm is ... Read the full article
Avatar to acquire Centauri’s coastal underwriting units
16th January 2020
Avatar Partners LP, the parent of Florida's Avatar Property & Casualty Insurance Company, is set to acquire Centauri Specialty Insurance Company and its Louisiana-based subsidiary, Centauri National Insurance Company. Centauri Specialty Insurance Company is part of Centauri Specialty Insurance Holdings, Inc., a Delaware-based holding company. The firm was established in 2006 in ... Read the full article
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
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.
