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 acquisition of NN Group unit
5th March 2019
Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings Ltd has completed its acquisition of the entire issued share capital of Nationale-Nederlanden Internationale Schadeverzekering SE (NNIS) from its owners, NN Group. NNIS, which will be renamed R&Q Epsilon Company SE following the acquisition, is a UK-based business that was transferred ... Read the full article
Ryan Specialty completes Myron Steves acquisition
4th March 2019
International specialty insurer Ryan Specialty Group has completed its previously-announced agreement to acquire the assets and operations of Myron F. Steves & Company, a Houston-based independent wholesale insurance brokerage. The Myron Steves team has become part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, expanding the company’s presence ... Read the full article
HDI Global Specialty acquires bloodstock team from Neon Underwriting
4th March 2019
HDI Global Specialty, the newly launched collaborative specialty insurance venture between HDI Global and Hannover Re, has acquired a team of four bloodstock underwriters from re/insurer Neon Underwriting. The bloodstock team are active in the Lloyd’s and London markets and write a global book across the UK, U.S, Australia and ... Read the full article
Arthur J. Gallagher to acquire JLT’s aerospace operations
4th March 2019
Arthur J. Gallagher & Co. has announced that it has entered into an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with completion of Marsh and McLennan Companies’ acquisition of ... Read the full article
Generali completes sale of Worldwide & Link units to LCCG
1st March 2019
Italian insurance giant Assicurazioni Generali SpA has completed the sale of its entire holdings in Generali Worldwide Insurance Company Limited and Generali Link to Life Company Consolidation Group (LCCG). Originally announced in July 2018, the transactions form part of Generali Group’s strategy to improve its operational efficiency, while improving capital allocation ... Read the full article
Cincinnati Financial completes acquisition of Munich Re subsidiary
28th February 2019
Cincinnati Financial Corporation has completed its previously announced acquisition of MSP Underwriting Limited from reinsurer Munich Re for £102 million. Following the transaction, MSP Underwriting will become a wholly owned subsidiary of Cincinnati Financial, continuing to operate under its existing leadership team. Based in London, MSP Underwriting operates through Beaufort Underwriting ... Read the full article
Zurich acquires U.S insurtech firm Sea Pine Technologies
26th February 2019
Zurich North America has acquired 100% ownership of Sea Pine Technologies, a U.S insurtech firm that specialises in developing digital applications for the marketing of vehicle protection products. The insurer said the move would enable it to further expand its automotive Finance & Insurance (F&I) products and services for auto dealers ... Read the full article
FedNat to purchase 1347’s insurance operations for $51m
26th February 2019
Florida-based FedNat Holding Company is set to acquire the homeowners insurance operations of 1347 Property Insurance Holdings in a cash and stock transaction valued at approximately $51 million. As per the deal, FedNat will acquire Maison Insurance Company, Maison Managers, Inc., and ClaimCor LLC (collectively, Maison). Maison is a property and casualty ... Read the full article
RTG’s Limehouse acquires Decyber
25th February 2019
Limehouse Agencies, the managing general agency (MGA) subsidiary of RFIB’s Risk Transfer Group Limited (RTG), has acquired the online specialist sport and leisure resilience firm Decyber. This acquisition forms part of RTG’s new corporate strategy first outlined in May 2018 that aims to increase revenue from approximately £50 million to ... Read the full article
SCOR sues Barclays, demands access to Covéa acquisition docs
25th February 2019
French reinsurer SCOR has gone through with it’s plans to prosecute Barclays, who acted as the financial advisor and financing bank to Covéa during its failed attempt to acquire SCOR in 2018, according to reports from the Financial Times. SCOR previously announced that it intended to sue Covéa and its ... Read the full article
Aquiline Capital announces takeover of broker Relation Insurance Services
22nd February 2019
Aquiline Capital Partners LLC, a private equity firm that invests in financial services and technology, has announced that it's to acquire U.S. independent insurance brokerage Relation Insurance Services from private equity firms Parthenon Capital and Century Equity Partners. Founded in 2007, Relation Insurance specialises in numerous industries, including agribusiness, education, employee ... Read the full article
GTCR acquires broker AssuredPartners from Apax VIII
21st February 2019
Apax VIII is to sell its entire stake in U.S. insurance brokerage AssuredPartners to an investor group led by Chicago-based GTCR, which actually owned the broker from its inception in 2011 before its sale to Apax VIII in 2015. The deal reunites previous backer GTCR with AssuredPartners roughly four years after ... Read the full article
Former Aspen CEO to receive $10m bonus following takeover
20th February 2019
Christopher O’Kane, former Head of Aspen Insurance, is to receive a transaction bonus totalling $10 million following the recently-completed acquisition of the company by affiliates of certain Apollo investment funds. O’Kane is reportedly being paid this bonus for his efforts in assisting the company to consummate the deal. Additionally, Group Chief ... Read the full article
Cohen & Co. targets re/insurance & insurtech acquisitions under Butler
20th February 2019
Cohen & Company, LLC, a fixed income financial services specialist with over $3 billion under management, is seeking to raise capital for what is termed a blank check company that will target acquisitions in the insurance, reinsurance and insurtech space under the leadership of John Butler. Cohen & Company hired ... Read the full article
Beecher Carlson acquires retail estate broker Pipino
18th February 2019
Beecher Carlson, a subsidiary of Insurance brokerage Brown & Brown, has acquired certain assets of Donald P. Pipino Company (Pipino). The portion of the Pipino’s operations acquired by Brown & Brown has annual revenues of roughly $11 million. Pipino is a real estate risk management and insurance firm led by Mary Pipino ... Read the full article
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