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.
Ryan Specialty acquires independent brokerage Myron Steves
18th February 2019
International specialty insurer Ryan Specialty Group has reached an agreement to purchase the assets and operations of Myron F. Steves & Company, a Houston-based independent wholesale insurance brokerage. This deal will see the Myron Steves team integrated into RT Specialty, a wholesale broker unit of Ryan Specialty, expanding the firm’s presence ... Read the full article
POP Insurance partners with Rakuten on Japan M&A offering
18th February 2019
Sydney-based specialist insurance group POP Insurance Holdings and its subsidiary, Fusion Specialty M&A MGA, have entered a strategic partnership with Rakuten General Insurance to focus on mergers and acquisitions (M&A) transactions in Japan. The partnership is offering a full suite of transaction insurance solutions to serve the growing Japanese private equity ... Read the full article
Apollo completes Aspen acquisition
15th February 2019
It's been announced that affiliates of certain Apollo investment funds have completed the previously announced takeover of Aspen Insurance Holdings, following the receipt of regulatory approval. In August 2018, it was revealed that Apollo Funds had entered into a definitive agreement to acquire Bermuda-based insurer and reinsurer Aspen. This was followed by ... Read the full article
Ryan Specialty Group to acquire wholesale broker Westphalen
14th February 2019
Ryan Specialty Group has agreed to acquire the assets and operations of Westphalen Insurance Services Inc., an independently owned wholesale insurance brokerage located in Edmond, Oklahoma. The Westphalen team will become part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, and will establish the company’s presence in Oklahoma. Founded ... Read the full article
M&A surge to diminish amid mounting political uncertainty: Clyde & Co
13th February 2019
The global insurance industry saw Mergers and Acquisitions (M&A) surge 9% in 2018 to 382 deals, marking three consecutive six-month periods of growth for the first time since 2009, according to a report from law firm Clyde & Co. The Americas remained the most active region for M&A with 189 deals ... Read the full article
Ryan Specialty Group to acquire International Specialty Insurance Services
13th February 2019
Ryan Specialty Group has announced that it plans to acquire the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter. Based in Winston-Salem, North Carolina, ISI offers high-value disability and related insurance products to athletes, entertainers, physicians, and other high-earning professionals. Following the acquisition, ISI’s ... Read the full article
USI Insurance Services acquiring broker U.S. Risk
13th February 2019
USI Insurance Services (USI) is set to acquire property and casualty program and specialty brokerage firm U.S. Risk Insurance Group (U.S. Risk) for an undisclosed sum. U.S. Risk said that it has entered into an agreement to be acquired by broker and consultancy USI, resulting in a transaction that is expected ... Read the full article
Howden acquires strategic stake in specialist Malaysian broker
12th February 2019
Howden, the retail broking unit of Hyperion Insurance Group, has agreed to buy a strategic stake in Malene Insurance Brokers, a leading Malaysian independent niche broker in the energy and power sector, according to reports from New Straits Times. Malene will reportedly join Howden’s other Malaysian business, CIMB Howden Insurance Brokers, ... Read the full article
SCOR never had discussions with PartnerRe, affirms CEO Kessler
12th February 2019
Denis Kessler, Chief Executive Officer (CEO) of French reinsurer SCOR, has reaffirmed that the company has never had discussions with Bermudian reinsurer PartnerRe regarding a potential merger scenario. Rumours about a possible combination between the two companies have circulated since SCOR rejected an €8.2 billion takeover bid from Covéa last year ... Read the full article
Munich Re’s ERGO to sell Russian non-life arm to RESO-Garantia
12th February 2019
German reinsurer Munich Re has announced that it intends to sell the Russian non-life re/insurance business of its ERGO International division to Moscow-based insurer RESO-Garantia. The property and casualty (P&C) subsidiary provides a range of insurance solutions both in Russia and internationally, including motor, voluntary health coverage, property, mortgage, travel, accident, ... Read the full article
SCOR ties up sale of Rehalto to Workplace Options
8th February 2019
Following negotiations first announced last September, French reinsurance giant SCOR has finalised the sale of its employee wellness solutions subsidiary, Rehalto, to employee support services provider Workplace Options. Rehalto benefits, along with its clients and employees, from Workplace Options’ global infrastructure, which covers 58 million lives and more than 90,000 organisations ... Read the full article
SCOR-PartnerRe combo could produce top-three reinsurer, say analysts
8th February 2019
A potential merger deal between French reinsurer SCOR and Bermuda-based PartnerRe would make strategic sense for both firms and could produce a combined entity that ranks in the top-three global reinsurers, according to analysts at AlphaValue. Rumours about a potential deal between the companies have been circulating since SCOR rejected an ... Read the full article
AIG to launch LatAm Facultative Desk following Talbot integration
7th February 2019
American International Group (AIG) is to launch AIG Facultative Desk, Latin America after successfully integrating Talbot’s regional facultative underwriting platforms in Miami and Santiago with its regional underwriting team. This unified offering follows AIG’s acquisition of Validus last year, a deal which saw the company gain some attractive and diversified franchises ... Read the full article
Japanese insurers to pursue M&A deals in China as regulations change
5th February 2019
Japanese insurance companies are preparing to follow up on recent regulatory changes in China’s financial sector by pursuing a spree of new mergers and acquisitions (M&A) deals in the country, according to sources at Reuters. With $53 billion spent on M&A deals since 2014, Japanese insurers are currently one of the ... Read the full article
The Hartford reveals new operating model for Navigators businesses
5th February 2019
Property and casualty insurer The Hartford has announced a new operating model and organisational structure for its specialty commercial and middle market businesses following the completion of its pending acquisition of The Navigators Group. The new model will integrate Navigators’ operations, as well as The Hartford’s current Specialty Commercial and Middle ... Read the full article
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