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.
Natixis expands M&A advisory reach with three strategic investments
13th March 2018
Natixis has revealed plans to expand its M&A advisory footprint through investments in Fenchurch Advisory Partners in the UK, Vermilion Partners in China, and Clipperton in France. Following the acquisitions of Leonardo & Co France and 360 Corporate in 2015, and of PJ SOLOMON in New York in 2016, these transactions ... Read the full article
Argo acquires Italian specialty insurer, Ariscom
13th March 2018
Global specialty insurer and reinsurer, Argo Group International Holdings, Ltd., has announced the acquisition of Ariscom, an Italian specialty insurer. As part of the transactions, and effective immediately, Matt Harris, Head of ArgoGlobal's European and Asian operations, will take on the role of Ariscom Managing Director. Mark E. Watson III, Argo Group's ... Read the full article
Volume of M&As in Europe to increase once Brexit preparations finalised: Clyde & Co
13th March 2018
While uncertainty around the UK’s withdrawal from the EU has acted as a brake on European M&A activity as re/insurers focus on post-Brexit strategies, Clyde & Co expects the volume of deals in the region to increase once firms' Brexit preparations are complete. Transactions have slipped down the agenda as insurers ... Read the full article
Acrisure finalises Beach takeover
13th March 2018
Reinsurance brokerage Beach & Associates has announced the completion of its acquisition by U.S. retail consulting and insurance broking group, Acrisure, LLC, after the receipt of all necessary regulatory approvals. The deal was initially announced in January 2018, and Acrisure has now acquired 100% of Beach's equity from existing shareholders, as ... Read the full article
Trebuchet (Armour) leads on acquisition of BICO’s legal expense insurance business
12th March 2018
Trebuchet Group Holdings Limited, an investment vehicle owned by the founders and principals of Bermudian insurance and reinsurance services, investing, run-off and legacy specialists Armour Group, is leading the acquisition of a controlling interest in the legal expense insurance business of Canadian firm BICO Risk Management Inc. A consortium led by ... Read the full article
Moody’s predicts consolidation and technology will drive industry’s future
12th March 2018
Moody’s has predicted in a recent report that industry consolidation is likely to continue at the scale observed since 2015, and that emerging technologies will transform the insurance and reinsurance business model and create new opportunities. Although it concedes there are fewer obvious targets or combinations for consolidation than in previous ... Read the full article
Slovenia’s Sava Re acquires Serbian construction insurer
12th March 2018
Sava Re, a leading Slovenian re/insurer, has announced that it has acquired the majority shareholding in rival insurer Energoprojekt Garant a.d., Begrade for an undisclosed sum. Parent company Energoprojekt Holding a.d., Belgrade offered to sell Slava Re 93% of the shares in its insurance subsidiary, which specialises in construction and liability ... Read the full article
AXA will buy more reinsurance to reduce XL risks, says CEO Buberl
9th March 2018
In a recent analyst call, AXA Chief Executive Officer (CEO) Thomas Buberl suggested that the company will reduce the risks attached to the newly acquired XL by buying more reinsurance. This week AXA announced plans to acquire XL Group Ltd. for $15.3 billion, and this latest statement offers some indication ... Read the full article
Re/insurance M&A trend to persist in 2018: Clyde & Co
9th March 2018
The global insurance merger & acquisitions (M&A) growth trend was back on the uptick in the second-half of 2017 after a slow start to the year, and 2018 so far has seen the trend continue with the closure of major deals including AXA's acquisition of XL for $15.3 billion. The ... Read the full article
Canopius acquired by private equity consortium led by Centerbridge Partners
9th March 2018
Canopius has announced its completed acquisition by a private equity consortium that is led by Centerbridge Partners, L.P., and which includes private investment entity Gallatin Point Capital LLC. After receiving all necessary regulatory approvals to complete the deal, Canopius is again a standalone business that is led by Chairman, Michael Watson ... Read the full article
Tailwinds to further drive up earnings for P&C re/insurers: Morgan Stanley
9th March 2018
P&C re/insurers are set for a profitability boost in 2018, driven by tailwinds of further rate improvements and M&A activity and deals that are spurred by the passage of the U.S. tax reform, according to Morgan Stanley. A net pricing increase of just 1-5% is expected to boost re/insurers earnings on ... Read the full article
Sanlam acquires SAHAM Finances in $1bn deal
8th March 2018
South African life insurer Sanlam Ltd has announced plans to acquire the remaining 53.4% stake in SAHAM Finances, the insurance subsidiary of SAHAM Group, in a US $1.05 billion acquisition deal. Sanlam already owns a 46.6% stake in SAHAM Finances, and the companies have been partners since February 2016. With a market ... Read the full article
MassMutual International sells 85% of Japan operations to Nippon Life
8th March 2018
MassMutual International LLC, the international insurance holding company of Massachusetts Mutual Life Insurance Company, has announced a deal in which it will sell roughly 85.1% of its Japanese life insurance and wealth management affiliate to Nippon Life for US$935 million in cash. The transaction with Nippon Life, Japan’s largest life insurer, ... Read the full article
Rating agencies turn negative on AXA, positive on XL
7th March 2018
The major rating agencies have unanimously decided to place AXA's ratings on a negative watch following the news of its planned acquisition of Bermudian insurance and reinsurance firm XL Group. At the same time, the rating agencies are positive on XL's ratings and even suggest they may be upgraded as a ... Read the full article
U.S. Risk Insurance Group acquires L.A. Xcess Brokers
6th March 2018
U.S. Risk Insurance Group has announced the acquisition of L.A. Xcess Insurance Brokers, a Los Angeles, California based wholesale broker focused on the entertainment industry. Randall Goss, Chief Executive Officer (CEO) of U.S. Risk, said: "We are very pleased to add L.A. Xcess to the U.S. Risk team focused on the ... Read the full article
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