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.
Acrisure acquires Portuguese insurance broker Universalis
17th May 2023
Financial technology and insurance company Acrisure has signed an agreement to acquire Portuguese insurance broker Universalis. According to Acrisure, the transaction is under review by the Portuguese Regulator (ASF) and will complete subject to their approval. Greg Williams, Co-Founder, Chairman and CEO Acrisure, commented, “Universalis boasts an impressive track record of growth ... Read the full article
Monument Re reaches agreement to acquire portfolio From Integrale Lux S.A.
16th May 2023
Life insurance and reinsurance holding company Monument Re has announced that its Luxembourg subsidiary Monument Assurance Luxembourg S.A. (MAL), has reached an agreement with Integrale Luxembourg to acquire its closed book portfolio of long term life insurance business. Intergrale Luxembourg's portfolio serves mainly the Luxembourgish, Dutch and French markets, and is strategically ... Read the full article
Amynta Group acquires Ambridge Group from Brit
11th May 2023
Amynta Group, Brit Ltd (Brit), a subsidiary of Fairfax Financial Holdings Limited (Fairfax), and Fairfax have announced the successful completion of the acquisition of Ambridge Group from Brit for a purchase price of $400 million. Amynta Group is a premier insurance services company with more than $3.5 billion in total managed ... Read the full article
Confie expands in Florida with acquisition of Estrella Insurance
11th May 2023
Confie, a leading personal lines insurance distribution company, has expanded its presence in Florida through the acquisition of Estrella Insurance to its non-standard national brand, Freeway Insurance. Estrella Insurance operates in more than 190 locations across Florida, California, Arizona, Texas, and Colorado. The company’s product portfolio consists of auto, home, commercial, business, life, and health. Additionally, Estrella ... Read the full article
Constellation’s Chilean subsidiary to acquire $2.6 bn annuity portfolio from Zurich
9th May 2023
Constellation Insurance Holdings, Inc.'s (Constellation) Chilean subsidiary, Ohio National Seguros de Vida S.A., has entered into an agreement to acquire Zurich Insurance Group's (Zurich) annuity portfolio of nearly $2.6 billion in reserves held in Chile. Ohio National Seguros de Vida S.A., which has been operating in Chile since 1993, offers a range ... Read the full article
Monarch E&S expands footprint with acquisition of Commonwealth Underwriters
9th May 2023
Monarch E&S Insurance Services, a division of Specialty Program Group LLC, has announced its acquisition of the assets of Commonwealth Underwriters, Ltd., a specialty lines MGA and wholesale broker that has a strong presence within key markets across the US. The acquisition represents a strategic move for Monarch E&S as the ... Read the full article
Lockton acquires THB Brazil from Amwins
5th May 2023
Lockton has announced the acquisition of THB Brazil from Amwins as the insurance broker continues to expand its footprint across Latin America; terms of the transaction were not disclosed. Upon completion of the deal, Eduardo Lucena, chief executive officer of THB Brazil, will assume new responsibilities as Deputy chief executive officer ... Read the full article
Arthur J. Gallagher expands fine art expertise with accurART acquisition
4th May 2023
Re/insurance broking firm Arthur J. Gallagher & Co has acquired Switzerland-based fine art insurance broker, accurART. Terms of the transaction were not disclosed. A market-leader in Switzerland, accurART specialises in insurance for private art collections, museums, galleries and for fine art exhibitions. The firm also offers cover for other valuables, which includes ... Read the full article
Davies to acquire insurance management portfolio from Ortac Underwriting Agency
4th May 2023
Davies, a leading specialist professional services and technology business, has signed a deal to acquire the insurance management portfolio from Ortac Underwriting Agency. Following completion of the acquisition, the business will join Davies’ existing captive management operations, within Davies’ Global Solutions business. Moreover, Ortac’s insurance management division will rebrand to Davies and ... Read the full article
AFG to buy AIG’s Crop Risk Services unit for $240 million
3rd May 2023
American Financial Group (AFG) has entered into an agreement to purchase primary crop insurance general agent Crop Risk Services (CRS) from AIG. CRS is based in Decatur, Illinois, and is the seventh largest provider of multi-peril crop insurance in the United States, based on 2022 premiums. Under the terms of the transaction, ... Read the full article
Risk Strategies acquires large volume bond producer in the US
3rd May 2023
Risk Strategies, a specialty insurance brokerage and risk management and consulting firm, has acquired JW Surety Bonds, a large volume bond producer in the US, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bond Associates, Inc. Terms of the deal were not announced. Based in Pennsylvania, JW Surety ... Read the full article
BMS acquires Australian MGA to continue international growth
2nd May 2023
Specialist re/insurance broker BMS Group has acquired Australian firm GARD Insurance, which includes hospitality MGA ALE underwriting. GARD non-executive chairman Craig Patterson will join BMS as executive chairman of GARD, with a remit to grow and expand the acquired business. Patterson is a seasoned industry operator with a wealth of experience gained ... Read the full article
Midwest Holding to be acquired by Antarctica Capital for $100 million
2nd May 2023
Midwest Holding Inc. and investment firm Antarctica Capital have entered into a definitive merger agreement whereby an affiliate of Antarctica will acquire Midwest in an all-cash transaction valued at approximately $100 million. According to Midwest, under the terms of the agreement, its shareholders will receive $27.00 in cash per share, representing ... Read the full article
Verisk acquires German InsurTech SV Krug
26th April 2023
Global data analytics and technology provider Verisk has announced that it has acquired Krug Sachverständigen GmbH (SV Krug), a Germany-based motor claims solutions provider. The acquisition expands Verisk’s claims and casualty offerings across Europe. Founded in 1982, SV Krug offers highly digitalised solutions that help insurers and car manufacturers to achieve better ... Read the full article
Trean Insurance Group acquisition by Altaris Capital Partners completed
25th April 2023
Trean Insurance Group, a provider of products and services to the specialty insurance market, has been acquired by Altaris, collectively with its affiliates, for $6.15 per share in cash. The transaction was completed five months after the companies announced they had entered into a merger agreement in December 2023. At ... Read the full article