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.
Willis Towers Watson acquires specialist M&A broker Risk Capital Advisors
1st August 2019
Willis Towers Watson said this morning that it has acquired Risk Capital Advisors, a leading mergers & acquisitions broking specialist focused on business in Australia, New Zealand and South Africa. Adding to its specialist insurance and reinsurance broking capabilities and broadening its reach globally, has been part of the strategy for ... Read the full article
Markel acquires stake in MGA The Hagerty Group
31st July 2019
Insurer and reinsurer Markel has acquired a minority stake in specialty insurance managing general agent (MGA), The Hagerty Group, for a total consideration of $212.5 million. Markel announced the investment in The Hagerty Group in its second-quarter 2019 earnings release. The Hagerty Group, which was founded in Michigan in 1984, is ... Read the full article
A J Gallagher acquires broker Gillis, Ellis & Baker
30th July 2019
Commercial retail property/casualty broker, Gillis, Ellis & Baker, Inc. has been acquired by global insurance brokerage, Arthur J. Gallagher & Co (A J Gallagher). The New Orleans-based Gillis, Ellis & Baker also offers personal lines and employee benefit services across the Southeastern U.S. Following the acquisition, R. Parke Ellis, W. Anderson Baker ... Read the full article
Kuvare US Holdings set to acquire Lincoln Benefit Life Company
29th July 2019
Kuvare US Holdings, the life insurance and annuity company, has announced that its affiliate, Guaranty Income Life Insurance Company, has entered into an agreement to acquire Lincoln Benefit Life Company (LBL) and its affiliates, subsidiaries of RL LP. The transaction, which is set to close by year-end, will make LBL the ... Read the full article
ACR reignites majority stake sale ambitions: reports
26th July 2019
Singaporean reinsurer ACR Capital Holdings has re-ignited plans for a majority stake sale, with Morgan Stanley having been tasked with facilitating the process, reports DealStreetAsia. ACR operates across 11 countries in Asia and has offered risk solutions in the region since 2006. This process has reportedly been underway for roughly four months ... Read the full article
PSC Group to purchase Lloyd’s broker Paragon for £42m
25th July 2019
Australia-based PSC Insurance Group has announced the acquisition of Paragon International, a Lloyd’s and London market broker, for a base consideration of £42 million. To fund the placement, PSC has completed an institutional share placement of 13,461,538 additional shares at a price of $2.60 per share, raising total gross proceeds of ... Read the full article
Broker consolidation an opportunity for Beazley, says Layton
24th July 2019
Beazley’s global head of broker relations and marketing Lou Ann Layton has spoken of the opportunities inherent to an “undeniable” trend of consolidation currently sweeping the brokerage community. “While some people look at broker consolidation as a threat to the industry, or the underwriting community, Beazley sees it as an opportunity,” ... Read the full article
M&A to accelerate as insurers respond to evolving client demand: Deloitte
23rd July 2019
Analysis by Deloitte claims that the majority of insurers expect that merger and acquisition (M&A) activity will drive more than half of the insurance industry's growth over the next five years. Responses from Deloitte's survey of 200 insurance leaders across the EMEA region shows that 72% of survey respondents expect the ... Read the full article
HDI Global Specialty expands in Sweden with Svedea acquisition
23rd July 2019
HDI Global Specialty SE, a joint venture of reinsurance giant Hannover Re and HDI Global SE, has acquired alternative specialty lines Managing General Agent (MGA) Svedea AB, boosting its presence in Sweden. Svedea is one of the largest insurers of yachts, motorcycles and snowmobiles in the Swedish insurance market, with 250,000 ... Read the full article
DARAG announces second UK acquisition in as many weeks
22nd July 2019
Legacy acquirer DARAG Group is set to acquire The Underwriter Insurance Company, a UK-based insurer in run-off. This move will see DARAG further its expansion into the UK following its purchase last week of London-based non-life reinsurer One Re. The transaction, subject to regulatory approval, will be completed through DARAG Deutsche ... Read the full article
Apollo reported to target Coface acquisition
22nd July 2019
Private equity firm Apollo Global Management is reportedly in talks with credit insurer Coface regarding a potential acquisition of the business, according to reports from Reuters. Sources confirmed that Apollo had approached Coface with a takeover offer, although discussions remain at a very early stage, with no certainty that they will ... Read the full article
Generali expands in Portugal with €600mn double acquisition from Apollo
19th July 2019
Generali has expanded its presence in Portugal with the acquisition of a local insurance company and service platform from Apollo Global Management, in a deal valued at €600 million. Under the agreement, Generali will acquire 100% of Seguradoras Unidas for €510 million and AdvanceCare for €90 million. Seguradoras Unidas is the second ... Read the full article
DARAG to acquire its first UK firm, One Re
18th July 2019
Legacy acquirer DARAG Group has announced the acquisition of One Re, a London-based non-life reinsurance company. This deal will mark DARAG’s first UK acquisition and follows last year’s €230 million equity funding secured from Aleph Capital and Crestview Partners in an effort to support global growth. “With this transaction, DARAG cements ... Read the full article
Use of transactional risk insurance swelled in 2018: Marsh
17th July 2019
A new report from global re/insurance brokerage Marsh suggests the use of transactional risk insurance underwent a significant increase in 2018. For example, policy limits in excess of $1 billion are now being made available for single transactions as private equity firms and strategic investors increasingly use insurance to reduce the ... Read the full article
Acrisure offers $300m senior debt to fund acquisitions, growth
17th July 2019
US insurance brokerage Acrisure has announced plans to offer approximately $300 million in senior debt. The company intends to use the net proceeds from the offering to fund acquisitions and to pay related fees and expenses. The $300 million aggregate principal amount of senior notes is due 2026. Over the past two years, ... Read the full article
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