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.
Marsh & McLennan issues $5bn senior debt to fund JLT acquisition
9th January 2019
Broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) has outlined plans to issue $5 billion of senior debt to fund its previously announced $5.6 billion acquisition of Jardine Lloyd Thompson Group (JLT). The offering consists of six tranches of senior notes with maturities of up to 30 years. MMC stated ... Read the full article
Brit announces strategic investment in A&H MGU Sutton Special Risk
8th January 2019
Global specialty re/insurer Brit Limited has made a strategic investment in Sutton Special Risk, a Managing General Underwriter (MGU) specialising in Accident & Health (A&H). Brit states the investment offers attractive exposure to an MGU experiencing rapid growth and a strong presence in Canada and the U.S. “We are delighted to announce ... Read the full article
White Mountains acquires minority stake in P&C insurer Noblr
8th January 2019
Bermuda domiciled financial services holding company White Mountains Insurance Group has acquired a minority equity stake in property and casualty insurance provider Noblr. A new company, Noblr provides consumers with real-time insurance rates and real-time feedback on driving behavior by leveraging telematics and Noblr's own proprietary technology. Gary Tolman, Noblr’s co-founder, commented, ... Read the full article
Amynta Group acquires ClearView Risk Holdings
8th January 2019
Amynta, a group created in 2018 from Madison Dearborn Partners’ acquisition of a number of AmTrust Financial Services U.S fee businesses, has acquired ClearView Risk Holdings, a differentiated habitational MGA and specialised transactional wholesale brokerage. ClearView controls over $200 million of premium and is the parent holding company for Strata Underwriting ... Read the full article
Continental Re incorporates subsidiary, appoints Swiss Re’s Oumar BA to lead
7th January 2019
Pan-African reinsurer Continental Reinsurance has completed the incorporation of a subsidiary office in Douala, Cameroon, and appointed former Swiss Re Regional Manager Oumar BA to head it up. The company started its operations in Douala in 2004 as a branch office and later opened its Abidjan office in 2012 to diversify ... Read the full article
Arthur J. Gallagher signs definitive agreement to acquire Stackhouse Poland
7th January 2019
U.S global insurance brokerage and risk management services firm, Arthur J. Gallagher & Co. has announced the signing of a definitive agreement to acquire specialist UK insurance broker Stackhouse Poland. This announcement follows reports last week that the private equity owners of Stackhouse Poland had hired individuals from global independent ... Read the full article
Rothesay reportedly planning to acquire Swiss Re’s ReAssure
4th January 2019
Specialist insurance firm Rothesay Life is reportedly planning a £3.5 billion acquisition of ReAssure, the UK arm of reinsurance giant Swiss Re, according to Sky News reports. Global reinsurer Swiss Re announced last year that it planned to explore a potential IPO of ReAssure in 2019, with the firm's Chief Executive ... Read the full article
POP Insurance, Allianz launch Fusion Specialty M&A
4th January 2019
Specialist insurance group POP Insurance Holdings Pty Ltd., in partnership with Allianz Global Corporate Specialty (AGCS), a division of Allianz Australia Insurance Limited, has announced the launch of Fusion Specialty M&A MGA (Fusion M&A). The new unit is already writing business, and is offering a full suite of transactional insurance solutions, ... Read the full article
Safety National Casualty acquires U.S broker Midlands Management
3rd January 2019
Safety National Casualty Corporation, a multi-line specialty re/insurer and member of the Tokio Marine Group, has acquired U.S broker Midlands Management Corporation. Midlands Management is a managing general agent (MGA), wholesale broker, program administrator and insurance services provider with a specialty in excess workers’ compensation. Following the transaction, the company will become ... Read the full article
Ardonagh Group acquires UK broker Swinton for £165mn
3rd January 2019
The Ardonagh Group has completed its planned £165 million acquisition of UK personal lines broker Swinton Group Limited from Covéa Group. Ardonagh revealed that it has now received regulatory approval for the deal, which it originally announced in September 2018. The broker funded the acquisition with committed financing from its existing bank ... Read the full article
Athora completes purchase of Generali Belgium for €540m
2nd January 2019
Athora Holding, together with its' Athora subsidiaries, has completed the acquisition of Generali’s Belgian business, for a cash consideration of approximately €540 million ($613 million). Primarily focused on the life segment, Generali Belgium is the 11th largest insurer in Belgium and serves around 420,000 customers through a team of 430 members ... Read the full article
Carlyle Group completes $6.7bn Sedgwick acquisition deal
2nd January 2019
Global alternative asset manager The Carlyle Group has completed its previously announced $6.7 billion deal to take a majority stake in Sedgwick, a global provider of technology-enabled risk and business solutions. Sedgwick’s current majority shareholder, KKR, will fully exit its position following the acquisition, while funds managed by Stone Point ... Read the full article
Arch completes acquisition of Ardonagh’s UK commercial lines business
2nd January 2019
Arch Insurance Europe has completed its' acquisition of the UK commercial lines business owned by The Ardonagh Group, and part of its Geo Underwriting operating segment. The acquired business generated more than £150 million of Gross Written Premium in 2017 and will become the newly-formed Arch UK Regional Division, focused on ... Read the full article
AIG completes purchase of UK life insurer Ellipse from Munich Re
2nd January 2019
American International Group (AIG) has completed its acquisition of Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. Funded by an undisclosed cash consideration, the purchase was conducted via AIG Life, a UK subsidiary of AIG Life & Retirement. AIG said that Ellipse’s group protection capabilities, ... Read the full article
Stackhouse Poland, Aston Lark up for sale with £600m joint value: reports
31st December 2018
Two of the UK’s largest independent insurance brokers, Stackhouse Poland and Aston Lark, are reportedly up for sale with a joint value of £600 million, according to online news outlet This is Money. The private equity owners of Stackhouse Poland have reportedly hired individuals from global independent investment banking advisory firm ... Read the full article
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