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.
Tysers to acquire RFIB Group owner RTG
8th September 2019
Specialty Lloyd’s broker Tysers has announced the acquisition of Risk Transfer Group, the parent company of RFIB Group, for an undisclosed fee. Tysers says the move to combine with another independent specialist brokerage demonstrates a commitment to expanding its capabilities and product offering. As part of the deal, RTG Chief Executive Officer ... Read the full article
Smaller reinsurers most vulnerable to takeover: Grimes, Fitch Ratings
6th September 2019
It is the smaller reinsurance firms that cannot take advantage of current market conditions and rate firming which are the most vulnerable to takeover right now, according to Chris Grimes of Fitch Ratings. Grimes, Director of Insurance at the rating agency, explained to us in an interview that despite the improved ... Read the full article
Marsh agrees to split with specialty broker Construction Risk Partners
6th September 2019
Global re/insurance brokerage Marsh has reached an agreement with Construction Risk Partners (CRP), a specialty broker focused on US construction, whereby CRP management will buy back the company’s stock from JLT Specialty USA. CRP will begin operating as an independent construction risk and surety specialty insurance broker with immediate effect, maintaining ... Read the full article
National General to offload Swedish health insurance operation
6th September 2019
National General Holdings Corp. has announced an agreement to sell its Euro Accident Health and Care Insurance Sweden operation to an investor group arranged by Impilo AB, a company focused on Nordic healthcare investments. Euro Accident Sweden is a provider health insurance, predominantly personal medical insurance or PMI, which is an ... Read the full article
Gallagher acquires lettings & landlord insurance broker RGA Group
5th September 2019
Global insurance brokerage Gallagher has announced the acquisition of RGA Group, a UK insurance intermediary comprised of the companies Rentguard Limited, Home & Travel Limited and RGA Underwriting Limited. In aggregate, Brentford-based RGA Group manages the insurance requirements of over 140,000 policyholders and since 2001 has built a multi-channel specialist capability ... Read the full article
U.S. Risk acquires Floridian wholesale brokerage Regency
4th September 2019
U.S. Risk, a Property & Casualty wholesaler and Managing General Agent, has announced the acquisition of Regency Insurance Brokerage Services, a Florida-based wholesale brokerage and Managing General Agent. Though terms of the sale have not been disclosed, it has been confirmed that the Regency team will join U.S. Risk Brokers, the ... Read the full article
Apollo and Athene to acquire GE Capital’s PK AirFinance
29th August 2019
Apollo Global Management, LLC, Athene Holding Ltd. and GE Capital, have entered into a definitive agreement for Apollo and Athene to purchase PK AirFinance from GE Capital's Aviation Services (GECAS) unit. As part of the agreement, Apollo will acquire the PK AirFinance aircraft lending platform and Athene will acquire PK AirFinance's ... Read the full article
Divestiture of Chaucer makes The Hanover a desirable M&A target: JMP
29th August 2019
Analysts have said that following the successful takeover of its Chaucer business by China Re, domestic-focused insurer The Hanover Insurance Group is a desirable merger and acquisition (M&A) target longer term. Now that the Chaucer divestiture is complete, the core of the domestic franchise of The Hanover is a small/middle market ... Read the full article
Lapse in reinsurance M&A as market conditions improve: Fitch
23rd August 2019
Mergers and acquisitions (M&A) activity in the reinsurance industry appears to be have been on hold through 2019 as improved market conditions have shifted the focus towards organic growth opportunities, according to Fitch Ratings. Analysts noted that 2018 and early 2019 were characterised by the completion of several substantial M&A deals, ... Read the full article
Allianz expands in Brazil with €667mn acquisition from SulAmérica
23rd August 2019
Global insurer Allianz has agreed to acquire automobile and other property and casualty (P&C) operations from Brazilian insurer SulAmérica in a deal valued at BRL 3 billion (€667 million). The transaction is expected to significantly expand Allianz’s presence in Brazil, making it one of the top three insurers with a market ... Read the full article
Ryan Specialty Group to acquire hotel-focused program manager
23rd August 2019
Ryan Specialty Group (RSG) has entered an agreement to acquire the assets and operations of The Suitelife, a program manager based in West Chester, PA that specialises in hotels. Founded in 2010, Suitelife offers package, liability, property, umbrella, auto and workers’ compensation coverages to hotels, resort properties and private resort communities. Its ... Read the full article
Cigna exploring sale of its group benefits insurance business: sources
22nd August 2019
US health insurer Cigna Corp is considering a sale of its group benefits insurance business as part of a shift in focus towards healthcare cover, according to sources at Reuters. Reports from people familiar with the matter said a potential sale of the unit, which offers disability insurance, life, and accidental ... Read the full article
HSBC considering a bid for Aviva’s Asian operations, reports suggest
22nd August 2019
London-based banking giant HSBC Holdings Plc may be considering a bid to take over the Asian operations of Aviva Plc as part of a push for further business diversification in the region, according to reports from Bloomberg. Sources at the publication said HSBC was in the early stages of weighing an ... Read the full article
Hamilton “greatly enhanced” by Pembroke, Ironshore acquisitions: KBRA
21st August 2019
Kroll Bond Rating Agency (KBRA) has underscored the inherent benefits of Hamilton Group’s acquisition of Pembroke Managing Agency and its platform at Lloyd’s, as well as Dublin-based carrier Ironshore Europe DAC (IEDAC), from Liberty Mutual Group. KBRA believes the deal, which is expected to provide Hamilton with an opportunity to ... Read the full article
Specialty insurer JenCap Holdings set to acquire Aran Insurance Services
21st August 2019
Specialty insurer JenCap Holdings LLC (JCH) has announced an agreement to acquire Aran Insurance Services Group, a specialty program administrator with offices in Arizona, Colorado, Massachusetts, and New York. Founded in 2009, Aran has been built into a successful platform under the leadership of Tim Kenny and John LaCava. The acquisition marks ... Read the full article
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