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.
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
PIB looks to raise £200mn in new consolidation push
15th April 2019
PIB Group, an acquisition vehicle backed by U.S private equity firm Carlyle, is looking to raise £200 million to support a new deal-making push, according to reports from the Evening Standard. The firm has reportedly engaged advisors from Deloitte to restructure its credit facilities in an effort to build funds for ... Read the full article
Arch Insurance expands UK Regional Division with Obelisk acquisition
15th April 2019
Arch Insurance (UK) Limited, a division of Arch Insurance International, has completed its takeover of specialist underwriting agency, Obelisk Underwriting. Obelisk Underwriting produced around £5 million of gross written premium (GWP) in 2018, and will form part of Arch UK Regional Division, which is focused on commercial property, casualty, motor, professional ... Read the full article
Baloise acquires Belgian insurer Fidea from Anbang for €480m
15th April 2019
Baloise Group, a Swiss insurer, has moved to acquire Belgian insurance firm Fidea NV from China's Anbang Insurance Group in a deal worth €480 million. The purchase will see Baloise edge closer to becoming a top four non-life insurer in the Belgian market, increasing its share by 1.7% to 8.5%. In the ... Read the full article
Aon Securities reveals key role in Chaucer acquisition, Peak Re sidecar
12th April 2019
Aon Securities, the investment banking division of Aon, has detailed its involvement in two significant transactions on behalf of Asia re/insurers. Aon Securities served as the sole buy-side mergers and acquisitions advisor to China Re on its recent acquisition of Chaucer. China Re wrapped up its acquisition of the London-based and ... Read the full article
Howden builds Norway presence with stake in Employee Benefits broker, NIP
11th April 2019
Howden Broking Group's Norway subsidiary, Howden Forsikringsmegling SA (Howden Norway) has acquired a majority stake in Employee Benefits brokerage, Norwegian Insurance Partner AS (NIP). According to an announcement on the deal, the combination of Howden Norway and NIP creates a top-five broker in Norway, and the market leader in Employee Benefits. The Founder and ... Read the full article
All elements of China Re’s Chaucer acquisition now finalised
11th April 2019
International specialty insurance and reinsurance group, Chaucer, has announced that China Reinsurance Corporation (China Re) has completed the acquisition of Chaucer Insurance Company DAC in Ireland and SLE in Australia, from The Hanover Insurance Group, Inc. China Re announced it had finalised its takeover of Chaucer in December 2018, noting ... Read the full article
Arthur J. Gallagher to acquire Canadian broker Keyser Benefits
5th April 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Canadian broker Keyser Benefits Corp. Based in Calgary, Alberta, Keyser Benefits is a full-service benefits brokerage that has been in operation for more than 45 years. It offers life, disability, health and dental, critical illness, retirement and other services ... Read the full article
Munich Re’s ERGO to offload insurance portfolios of three entities to Generali
5th April 2019
ERGO International AG, a division of global reinsurer Munich Re, has announced plans to sell the insurance portfolios of three subsidiaries to Generali Group. The new sale is for its life, non-life and composite portfolios in Hungary and Slovakia. The transaction sees ERGO further consolidate its international business and follows last ... Read the full article
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
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