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.
R&Q completes takeover of GLOBAL U.S Holdings from AXA LM
6th May 2019
Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the completion of its acquisition of GLOBAL U.S. Holdings Inc (Global US). Global U.S is an investment vehicle managed by AXA Liabilities Managers SAS (AXA LM), the AXA unit that specialises in the management of legacy insurance ... Read the full article
CRC Group acquires Arkansas-based broker Argenia
3rd May 2019
U.S wholesale broker CRC Group has announced the acquisition of Argenia, LLC, an MGA and surplus lines broker based in Little Rock, Arkansas. CRC explained that the addition of Argenia will compliment its existing capabilities in Arkansas and the surrounding region, building on a previous acquisition that it made in the ... Read the full article
DARAG completes acquisition of DONAU’s Italian portfolio
3rd May 2019
Legacy acquirer DARAG Group Limited has announced that its acquisition of the Italian portfolio of DONAU Versicherung AG has been approved by the Austrian financial authority, Finanzmarktaufsicht (FMA). The purchase agreement was initially signed in December 2018, and now, with the approval of the Italian Istituto per la vigilanza sulle assicurazioni, DARGA has ... Read the full article
Samsung Fire & Marine takes stake in Canopius
3rd May 2019
Global specialty lines re/insurer Canopius has signed an agreement that will see Samsung Fire & Marine Insurance, part of the Korean tech giant, become a significant minority investor in the company. The investment, which is subject to necessary regulatory consents, is expected to close in the third quarter of 2019. “I am ... Read the full article
Ryan Specialty completes acquisition of International Specialty Insurance Services
2nd May 2019
Ryan Specialty Group, LLC, has acquired the assets and operations of North Carolina-based independently owned managing general underwriter, International Specialty Insurance Services Inc. (ISI). The deal was initially announced in February 2019, and makes ISI's team part of RSG Underwriting Managers, LLC, which is the managing general underwriting division of ... Read the full article
Hartford buying ADC for Navigators from Berkshire Hathaway
2nd May 2019
The Hartford has announced that it plans to buy $300 million of adverse development cover (ADC) from Berkshire Hathaway to protect it against unfavourable loss reserve movement at The Navigators Group, which The Hartford is in the process of acquiring. Subject to the closing of its acquisition this summer, The Hartford ... Read the full article
Allianz in advanced talks to acquire L&G’s home insurance operation: Sky News
29th April 2019
Sky News has reported that global insurance giant Allianz is in advanced talks to purchase the home insurance business of Legal & General (L&G). According to reports, the British life insurance company's home insurance unit had been put up for sale last year, with Sky News reporting in December 2018 that ... Read the full article
MMC JLT integration could affect near-term organic growth: Dan Glaser
25th April 2019
The ongoing efforts to fully integrate the Jardine Lloyd Thompson (JLT) business within broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) could mean a near-term hit to organic growth, MMC CEO Dan Glaser said today. MMC's acquisition of JLT completed on April 1st, meaning the mission to bring ... Read the full article
Pro Global set to acquire Vibe MGA Management
25th April 2019
Re/insurance consultancy firm Pro Global Insurance Solutions is to acquire Vibe MGA Management (VibeMM), an MGA incubation platform launched by Vibe UK Holdings in 2017. MGA incubators provide a platform and services to assist new and developing MGAs, offering a faster and more cost-effective way for them to get up and ... Read the full article
Tokio Marine’s ProAG to acquire AmTrust crop MGA
23rd April 2019
Producers Ag Insurance Group (ProAg), part of the specialty insurance group Tokio Marine HCC, is to acquire crop managing general agent AmTrust Agriculture Insurance Services (AmTrust Ag), a subsidiary of AmTrust Financial Services. AmTrust Ag is headquartered in Kansas, US and manages multi-peril crop, crop hail, livestock and named crop peril ... Read the full article
Covéa looking to diversify into reinsurance through M&A, reports Reuters
23rd April 2019
The Chief Executive Officer (CEO) of French insurance group Covéa, Thierry Derez, has said that the firm is eager to diversify into the reinsurance industry through acquisitions, reports Reuters. In January 2019, Covéa decided to abandon plans to pursue an acquisition of reinsurer SCOR after the firm rejected an offer ... Read the full article
Canopius and AmTrust to merge Lloyd’s operations
18th April 2019
Canopius AG has announced the signing of a definitive sale and purchase agreement that will see its Lloyd's of London business merge with that of AmTrust at Lloyd's, subject to regulatory approval. The sale of AmTrust at Lloyd's, a division of AmTrust Financial, is expected to close in the third-quarter of ... Read the full article
Coface acquires Slovenian credit insurer SID – PKZ
17th April 2019
Coface has announced that it has strengthened its position in the Adriatic region through the acquisition of SID - PKZ, a Slovenian credit insurer with a high market share. The company has acquired all SID - PKZ shares, and plans to rebrand the business under the name of Coface PKZ. Founded by ... Read the full article
DAC Beachcroft adds new Belfast office with McKinty and Wright deal
16th April 2019
International law firm DAC Beachcroft has announced that it plans to launch a new office in Belfast, Northern Ireland through the acquisition of the insurance business of McKinty and Wright. The deal is expected to complete in early July 2019 and will see up to 17 fee earners, including six partners, ... Read the full article
Liberty Mutual acquires AmTrust’s global surety and credit reinsurance operations
15th April 2019
Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services, Inc., subject to regulatory approvals and customary closing conditions. The definitive agreement between the two firms sees Liberty Mutual Insurance acquire four AmTrust businesses: AmTrust Surety; AmTrust Insurance Span; Nationale Borg; and Nationale Borg ... Read the full article
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