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.
Sompo International completes A&A agricultural insurer acquisition
28th March 2018
Bermuda-based speciality re/insurer Sompo International has completed the acquisition of Italian agriculture insurer A&A. The acquisition supports the strategic objective of AgriSompo, Sompo International’s global agriculture platform, to deliver coordinated risk management solutions tailored to local needs across the agri-business market. Sompo plans to expand AgriSompo by leveraging the firm's extensive agriculture ... Read the full article
Exin in discussions to acquire Israel’s Clal Insurance: Reports
27th March 2018
Exin Group is reportedly in discussions to acquire Israel domiciled Clal Insurance Enterprise Holdings Ltd., and has made an informal offer to acquire the firm at a valuation of $1.3 billion, according to an article on calcalistech.com. The article states that a person familiar with the matter told Calcalist that ... Read the full article
Re/insurance M&A trends will accelerate over 2018 and beyond: EY
26th March 2018
Ernst & Young (EY) has predicted that global Merger & Acquisition (M&A) trends for insurers and reinsurers are likely to accelerate over 2018 and beyond as companies look to transform, despite a slump in activity last year. EY notes that, although deal activity has steadily grown in recent years, 2017 saw ... Read the full article
Fosun still open to Ethniki acquisition: Reports
22nd March 2018
According to industry reports, Chinese conglomerate Fosun International Ltd. is ready to again attempt to acquire a stake in the National Bank of Greece SA's insurance segment, Ethniki Insurance, should its proposed deal with Exin Financial Services Holding and Calamos Family Partners Inc deteriorate. Exin and Calamos Family Partners previously won a tender ... Read the full article
XL Group tells brokers to expect continuity after AXA acquisition
21st March 2018
Bermudian insurance and reinsurance firm XL Group Ltd. has sent a letter to its reinsurance brokers, to explain that they should expect continuity in the way it operates and its trading after its acquisition by French insurance and investment giant AXA is completed. The letter, penned by Chief Executive of Reinsurance ... Read the full article
Aspen under analyst scrutiny following exec compensation hikes
20th March 2018
The future of Aspen Insurance Holdings Limited, the Bermudian insurance and reinsurance group, has come under increasing levels of scrutiny in recent days, in particular after the firm filed details of a hike in the severance compensation plans for the CEO and CFO. Aspen has been under scrutiny from analysts for ... Read the full article
Fidelity to acquire title re/insurer Stewart in $1.2bn deal
19th March 2018
Fidelity National Financial, Inc. (FNF) has signed a merger agreement to acquire Stewart Information Services Corporation for a total consideration of US $1.2 billion. FNF, which is the largest title re/insurer in the U.S, has offered Stewart $50.00 per share of common stock, and will pay the total consideration 50% in ... Read the full article
Prosperity sells majority stake to Elliot investment partnership
15th March 2018
Prosperity Life Insurance Group, LLC has announced the sale of the majority of its shares to an investment partnership consisting of Elliott Management Corporation, operating principals of investment firm Wand Partners, Inc., and Anurag Chandra, the current Chief Executive Officer (CEO) of Prosperity. The U.S. life re/insurer will maintain its current ... Read the full article
Assurant to fund TWG Holdings acquisition with $277mn stock proceeds
14th March 2018
Assurant, Inc. has revealed that it will use the US $276.7 million net proceeds from its recent sale of mandatory convertible preferred stock, in tandem with other capital sources, to finance its $2.5 billion acquisition of TWG Holding, Ltd., which was announced in October 2017. Assurant recently closed its 6.50% Series ... Read the full article
Insurance M&A market more sophisticated as sector boundaries blur: EY
14th March 2018
The insurance merger & acquisitions (M&A) market is becoming increasingly sophisticated as the sector transforms in response to the impact of technological innovation, driving convergence between sectors and the growth of digital ecosystems. Lines in both InsurTech application and investor-types have become blurred as digital ecosystem-based distribution platforms open up industries ... Read the full article
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
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