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.
Randall & Quilter gets regulatory approval for Western Captive takeover
4th April 2019
Randall & Quilter Investment Holdings Ltd. (R&Q) has received regulatory approval to complete the acquisition of Irish insurer Western Captive Insurance Company DAC (WCIC). The Central Bank of Ireland granted approval for R&Q to acquire the entire issued share capital of WCIC from its owners, the Coffey Group. R&Q intends to transfer ... Read the full article
Arch completes acquisition of Axiom Underwriting
3rd April 2019
Arch Insurance (UK), part of Arch Insurance International, has completed its acquisition of Axiom Underwriting, having purchased a 60% share in the business in 2015. Axiom, which generated approximately £20 million of gross written premium in 2018, will become part of the recently-formed Arch UK Regional Division. 20 employees will move ... Read the full article
American Family to acquire Auto & Home unit from Ameriprise Financial
3rd April 2019
American Family Insurance Mutual Holding Company, a Wisconsin-based property and casualty (P&C) insurance group, has entered an agreement to acquire Ameriprise Auto & Home (AAH) from its parent, Ameriprise Financial, for $1.05 billion. Based in De Pere, Wisconsin, AAH is a P&C insurance provider that primarily sells its products through a ... Read the full article
Nexus acquires Warranty & Indemnity MGA Capital Risks, eyes further deals
3rd April 2019
Specialty Managing General Agent (MGA) Nexus Group has announced its acquisition of Capital Risks (CRML), a London-based Warranty and Indemnity MGA. Founded by Nathan Sewell and Jason Edwards in August 2017, CRML was launched to provide Transaction Liability Insurance for small and medium sized deals. Through its acquisition of CRML, Nexus says ... Read the full article
Tokio Marine HCC acquires cyber specialist NAS Insurance Services
2nd April 2019
Specialty insurance group Tokio Marine HCC has announced it has acquired NAS Insurance Services, LLC, a U.S specialist in cyber and professional liability solutions. NAS is a Lloyd’s coverholder with a background in specialty product innovation, flexible policy development, open market and reinsurance solutions, and online broker portals providing 24/7 quoting ... Read the full article
Nexus Group’s Xenia broking arm acquires Credit & Business Finance
1st April 2019
Nexus Group's recently launched London-based independent broking arm, Xenia Broking Group, has completed the takeover of Credit & Business Finance Ltd (CBF), its first acquisition. Xenia's first acquisition marks number 14 for Nexus Group. CBF, a specialist trade credit broker with more than 20 staff, is the second trade credit ... Read the full article
Monument Re acquires €140mn annuities portfolio from Rothesay Life
1st April 2019
Bermudian reinsurer Monument Re has entered into an agreement to acquire a €140 million portfolio of Irish annuities from Rothesay Life Plc. Rothesay Life explained that it was looking to offload the portfolio ahead of Brexit to ensure it meets all legal requirements, whatever the outcome of the ongoing negotiations. The acquisition ... Read the full article
WTW announces $1.2bn acquisition of TRANZACT
1st April 2019
Global re/insurance brokerage Willis Towers Watson (WTW) has announced its acquisition of TRANZACT, a direct-to-consumer healthcare organisation, for $1.2 billion. WTW hopes the deal will accelerate its direct-to-consumer strategy and ability to target the 50 million strong Medicare market. TRANZACT will operate as an integral part of WTW’s Benefits Delivery and Administration ... Read the full article
SCOR consolidates Global Life, P&C units into SCOR SE
1st April 2019
French reinsurance firm SCOR has announced that it has completed the merger of SCOR Global Life SE and SCOR Global P&C SE into SCOR SE as part of its plan to optimise its operational and legal structure and its level of regulatory capital. The units were merged on March 31, 2019 ... Read the full article
Marsh & McLennan finalises JLT acquisition
1st April 2019
Marsh & McLennan Companies, Inc. (MMC) has announced the completion of its acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6 billion in fully diluted equity value. The deal, first announced in September 2018, is expected to boost MMC’s position in insurance and reinsurance broking, health and retirement. It will ... Read the full article
Travelers Europe enhances M&A offering with Brown and Bhoma partnership
29th March 2019
In response to growing demand for mergers and acquisitions (M&A) risk transfer solutions, Travelers Europe has announced a new partnership with London-based transactional risk and tax liability underwriters, Robert Brown and Dawn Bhoma. The new partnership is expected to significantly enhance Travelers Europe's transactional risk insurance offering in the UK and Europe. The ... Read the full article
Monument Re acquires Irish insurer Inora Life from Societe Generale
28th March 2019
Monument Re has announced that it plans to acquire Inora Life DAC, a life insurer domiciled in Ireland, from its owner Societe Generale. Inora Life has ceased all new activity since 2012, but still manages a portfolio of unit-linked insurance products. The transaction, which remains subject to regulatory approval, will have no ... Read the full article
Seeman Holtz acquires Californian broker Kaercher Campbell & Associates
27th March 2019
Seeman Holtz Property & Casualty has continued its expansion into Southern California with the acquisition of Kaercher Campbell & Associates Insurance Brokerage. Headquartered in Culver City, Kaercher Campbell & Associates is an independent agency offering a range of personal and commercial insurance, including auto and life insurance, as well as retirement ... Read the full article
Monument Re completes acquisition of Robein Leven
25th March 2019
Bermuda-based reinsurer Monument Re has announced the completion of its acquisition of Robein Leven N.V. from Amerborgh Financial Services B.V. Monument Re acquired the Dutch insurer and its subsidiaries following receipt of regulatory approval by the De Nederlandsche Bank (DNB). First announced in July 2018, Monument Re previously stated that the ... Read the full article
European Commission clears Marsh-JLT takeover
25th March 2019
The previously-announced acquisition of Jardine Lloyd Thompson (JLT) by Marsh & McLennan Companies (MMC) has been approved by the European Commission. The Commission examined the proposed deal’s effect on competition in markets where the two companies' activities overlap. This includes the supply of insurance broking services for specialty sectors - such as ... Read the full article
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