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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.

USI Insurance Services completes acquisition of U.S. Risk

2nd July 2019

USI Insurance Services (UCI) has completed its previously announced acquisition of U.S. domiciled brokerage, U.S. Risk Insurance Group. The terms of the transaction were not disclosed, but it's been revealed that U.S. Risk will keep its Dallas headquarters and will continue to operate independently under its existing brands, U.S. Risk, Oxford, ... Read the full article

Sompo creates Global Transactions Group to manage M&A, joint ventures

2nd July 2019

Bermuda-based specialty re/insurer Sompo International Holdings has created a Global Transactions Group, which will take overall responsibility for all mergers and acquisitions (M&A), intercompany transactions and joint ventures. The group, comprising of senior professionals at Sompo, will be tasked with overseeing both insurance and non-insurance transactions, such as insurtech and healthcare ... Read the full article

Sumitomo Life acquires 25% stake in Singapore Life

1st July 2019

Singapore-based wealth technology and life insurance firm, Singapore Life Pte. Ltd. has secured a $90 million investment from Japanese life insurer, Sumitomo Life Insurance Company, taking its total funding to date to $153 million. The latest expansion drive by Singapore Life sees Sumitomo Life acquire roughly 25% of the total issued ... Read the full article

R&Q to acquire Sandell Holdings and reinsurance subsidiary, Sandell Re

1st July 2019

Randall & Quilter II Holdings Limited, a subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q), has announced the acquisition of Sandell Holdings Limited and its subsidiary Sandell Re Limited. Subject to regulatory approvals from the Bermuda Monetary Authority (BMA), R&Q will acquire the entire issued share capital of both Sandell ... Read the full article

Monument Re acquires Guernsey insurer Nordben Life and Pension

27th June 2019

Bermudian reinsurer Monument Re has announced the completion of its acquisition of Nordben Life and Pension Insurance Co. Limited. Nordben is a Guernsey-based company licensed to carry out long-term and general insurance business, which has been closed to all new business since early 2016. Monument Re took over the business from its ... Read the full article

Arthur J. Gallagher to acquire minority stake in Renomia

26th June 2019

Global insurance brokerage Arthur J. Gallagher & Co. is to acquire a minority stake in Prague-based Renomia, the largest independent broker based in the Central and Eastern European (CEE) region. Primarily serving commercial clients, Renomia has grown rapidly and now has full-scale broking operations in Czech Republic, Slovakia, Romania, Hungary, Serbia, ... Read the full article

FWD is in advanced talks to acquire MetLife Hong Kong: Reports

25th June 2019

The South China Morning Post has reported that FWD Group, the Swiss Re backed insurance business of Pacific Century Group (PCG), is in advanced talks to acquire MetLife's Hong Kong insurance business. According to reports, an agreement between the two companies could be made within the next few weeks. People close ... Read the full article

Allianz to sell stake in Spanish bancassurance venture

24th June 2019

Global insurer Allianz has announced plans with Banco Santander to sell its 60% stake in its joint Spanish bancassurance venture, Allianz Popular SL. Banco Santander has agreed to pay €936.5 million for the acquisition of Allianz’s holding and for the termination of the exclusive non-life distribution agreement with Allianz’s operating entity ... Read the full article

Analysts highlight uncertainty around FedNat’s Maison deal & off-cycle renewal

19th June 2019

Analysts at JMP remain confident in the prospects of FedNat Holding Company, but have said that some uncertainty exists around the company's "slightly off-cycle" reinsurance renewal and the potential delay of its acquisition of Maison Insurance, the homeowners insurance operations of 1347 Property Insurance Holdings. JMP met with FedNat management ... Read the full article

Fractal Industries’ AIDP to host Oasis LMF catastrophe models

18th June 2019

Insurance and reinsurance industry players that utilise Fractal Industries, Inc.'s Fractal Advanced Insurance Decision Platform (Fractal AIDP) will now be able to both access and operate open source catastrophe modelling tool, Oasis Loss Modelling Framework (Oasis LMF). Fractal Industries is a provider of intelligent decision platforms and has been selected by ... Read the full article

Gallagher acquires Australian consulting firm P2 Group

18th June 2019

Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of specialist consulting firm, P2 Group. The Hawthorn, Victoria-based P2 Group assists employers proactively manage occupational health, while at the same time lowering the risk of worker injuries and WorkCover claims. According to an announcement on the deal, P2 Group ... Read the full article

PERILS acquires Canadian catastrophe data provider CatIQ

17th June 2019

Catastrophe loss data aggregator PERILS has announced that it has acquired Catastrophe Indices & Quantification Inc. (CatIQ), the Toronto-based provider of catastrophe loss and exposure information in Canada. Established in 2014, CatIQ collects data from the majority of the Canadian re/insurance market and provides and independent Industry Exposure & Loss Database ... Read the full article

Portfolio mix, geographic reach to strengthen Austral Re – Terra Brasis Re

17th June 2019

The recently announced merger of the activities of Austral Re and Terra Brasis Re, is expected to result in a competitive new reinsurer, underpinned by a broader product set and improved geographical reach. An investment agreement to merge the two Brazilian reinsurers was announced last week, a union which is ... Read the full article

Brazilian reinsurers Terra Brasis Re & Austral Re to merge

14th June 2019

Reports have revealed that Brazilian reinsurance companies Terra Brasis Re and Austral Re have now agreed to a merger, which is set to create the second largest reinsurer in Brazil. Reinsurance News reported in August of last year that the two companies were in talks over a potential merger. At ... Read the full article

Liberty partners with Edge Case Research on autonomous vehicle tech

14th June 2019

Liberty Mutual Insurance has announced an investment and new strategic partnership with Edge Case Research, a firm that helps companies go to market with autonomous vehicle technologies and services. Liberty Mutual's venture capital arm, Liberty Mutual Strategic Ventures, participated in the recent seed financing of the firm, which was established by ... Read the full article

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