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.
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
RenRe completes acquisition of Tokio Millennium Re
22nd March 2019
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe) has completed its previously announced acquisition of Tokio Millennium Re, following the receipt of all necessary regulatory approvals. The $1.5 billion deal, which sees RenRe acquire Japanese holding company Tokio Marine’s reinsurance units, was announced in October of last year. Commenting on the completion of the deal, ... Read the full article
Re/insurers in 2018 pursued M&A to focus on core business, says study
22nd March 2019
Re/insurers were driven to complete mergers and acquisitions (M&A) in 2018 in order to shed non-core business operations or acquire complementary entities, according to a new study by investment management firm Conning. Conning’s study tracked and analysed U.S and non-U.S insurer M&A activity across property-casualty, life-annuity and health/managed care insurance sectors. 2018’s ... Read the full article
Castel promotes European M&A division to standalone underwriting cell
19th March 2019
Castel Underwriting Agencies Limited, the club-style MGA formation platform, has promoted Transact Risk Partners from a division within the Castel Specialty portfolio to a standalone underwriting cell. Launched in October 2017, Transact provides warranty and indemnity insurance for mergers and acquisitions (M&A) transactions and tax risk insurance for tax liabilities across ... Read the full article
Preservation Capital completes investment in US MGA Cove
18th March 2019
Preservation Capital Partners, the private equity firm that purchased cyber and specialty lines managing general agent (MGA) Ascent Underwriting last year, has completed its previously-announced strategic investment in Cove Programs, a US construction-focused MGA. The completion of this deal means Preservation Capital now manages $200 million gross written premium ... Read the full article
Pembroke & Ironshore sale removes business overlap, says Liberty Mutual
18th March 2019
Liberty Mutual has said that its decision to sell Pembroke Managing Agency Limited and Ironshore Europe DAC (IEDAC) to Hamilton Insurance Group, Ltd. will remove business overlap resulting from its 2017 acquisition of Ironshore. The transaction, which was announced on March 14, will see Hamilton take over the Pembroke platform ... Read the full article
Re/insurance M&A slowdown expected in 2019: Clyde & Co
15th March 2019
Mergers and acquisitions (M&A) activity in the global re/insurance sector increased by 9% in 2018, but political and economic uncertainty is expected to cause a temporary slowdown over the next six months, according to analysts at Clyde & Co. The law firm recorded 382 M&A transactions in 2018, up from 350 ... Read the full article
Zurich boosts M&A insurance capacity with Fusion partnership
15th March 2019
Zurich Australia has partnered with Fusion Specialty Insurance, a business unit of POP Insurance Holdings launched with the help of Allianz Global Corporate Specialty (AGCS) earlier this year. Zurich says the deal will boost the company's capacity in the mergers and acquisitions (M&A) insurance space. As per the agreement, Fusion will be delegated ... Read the full article
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