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.

BDO USA takes over property claims team at Quantum Global Advisors

7th October 2020

US accounting and advisory firm BDO USA has strengthened its property claims services with the addition of 28 professionals from Quantum Global Advisors, an international insurance claim and valuation consulting practice headquartered in Chicago. The combination with Quantum, which is set for completion on October 16th, is expected to significantly boost ... Read the full article

Helios looking to raise £20mn for hard market growth

7th October 2020

Lloyd’s of London investment and underwriting vehicle Helios is aiming to raise £20 million through the issue of new ordinary shares, in an effort to take advantage of the hardening market. Helios had initially signalled its interest in pursuing a fundraise back in August. Discussions with potential investors have now taken ... Read the full article

Bold Penguin to acquire insurtech RiskGenius

7th October 2020

Commercial insurance technology provider, Bold Penguin, has announced that it has entered into a definitive agreement to acquire RiskGenius, a pioneer in insurance document intelligence software. The transaction sees RiskGenius's data and analytics products, alongside its team, join Bold Penguin's existing SaaS platform. Following the deal, RiskGenius is set to become part ... Read the full article

Enstar looks to begin due diligence on Watford Re proposal

6th October 2020

Enstar Group Limited has asked Watford Re to enter into a non-disclosure agreement to let it begin due diligence on a potential acquisition. Last week, Enstar delivered a letter to the Board of Directors of Watford Re, indicating its desire to acquire all of the company’s outstanding shares. Now, in a ... Read the full article

Premia to acquire Navigators Holdings (Europe) from The Hartford

5th October 2020

Bermuda domiciled reinsurance run-off group, Premia Holdings Ltd., has reached an agreement to acquire Navigators Holdings (Europe) NV and its associated companies from The Hartford, subject to regulatory approvals. The associated companies included in the acquisition are Assurances Continentales - Continentale Verzekeringen NV of Belgium and Canal Re S.A. of Luxembourg, ... Read the full article

Crawford & Company acquires Chilean loss adjustor Crawford Carvallo

5th October 2020

Crawford & Company, a provider of claims management solutions, has announced the acquisition of Crawford Carvallo and its individual business units. Business units include Graham Miller, Crawford Marine & Transportation, Crawford Affinity Chile, Crawford Affinity Colombia, Legaltec, and Quality Surs. Crawford Carvallo provides loss adjusting, claims management solutions and legal services in Chile ... Read the full article

McLarens acquires New Zealand claims services firm CNZ Group

5th October 2020

Global insurance services provider McLarens has announced the acquisition of CNZ Group Holdings Limited and its subsidiaries, a loss adjusting, claims and repair management business based in New Zealand. Headquartered in Auckland, CNZ Group was previously an employee-owned and operated affiliate of Crawford & Company. CNZ Group has 26 offices across New ... Read the full article

CRC Group wraps up acquisition of surplus lines broker Specialty Risk

2nd October 2020

Specialty insurer CRC Group has completed the acquisition of MGA and surplus lines broker Specialty Risk Associates. The addition of Specialty Risk sees CRC Group continue its expansion into binding, transportation binding, and personal lines. The company has added more than 80 new producers and several new offices focused on those products ... Read the full article

Athene, MassMutual move to acquire American Equity for $3bn

2nd October 2020

Retirement services firm Athene and life insurer MassMutual have submitted a proposal to the board of American Equity Investment Life Holding Company to purchase all of the company's outstanding common shares for a total consideration of around $3 billion. The unsolicited proposal is currently being reviewed by American Equity's board. The proposal ... Read the full article

Genworth & Oceanwide acquisition further progressed

2nd October 2020

Mortgage insurer, Genworth Financial, Inc. and China Oceanwide Holdings Group Co., have announced that Oceanwide has reached an agreement with Hony Capital on the key commercial terms and conditions of its $1.8 billion offshore financing plan to complete the acquisition of Genworth. The key commercial terms and conditions include its $1.8 ... Read the full article

Enstar looks to buy Watford Re

1st October 2020

Enstar Group Limited recently delivered a letter to the Board of Directors of Watford Re indicating its desire to acquire all of the company's outstanding shares, after raising its stake in the reinsurer in the third-quarter. According to a recent sec filing, on September 30th, 2020, Enstar sent a letter to ... Read the full article

White Mountains to acquire majority stake in Ark

1st October 2020

Bermuda domiciled financial services holding company White Mountains Insurance Group has revealed plans to acquire a majority stake in Ark Insurance Holdings Ltd, the parent company of Ark Syndicate Management Limited. Ark manages syndicates 4020 and 3902 at Lloyd's, which underwrite a mix of reinsurance and insurance business, including property, accident ... Read the full article

F&G agrees sale of Bermuda reinsurance subsidiary to Aspida Holdings

1st October 2020

US title insurance company, Fidelity National Financial, Inc. (FNF) and F&G, a provider of annuities and life insurance, have announced that F&G has reached an agreement to sell F&G Reinsurance Ltd (F&G Re) to Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corporation. F&G Re is the Bermuda domiciled reinsurance ... Read the full article

GIC & MassMutual buy out Blackstone’s stake in Rothesay Life

30th September 2020

Global investment firm GIC and mutual life insurer Massachusetts Mutual Life Insurance Company (MassMutual) have agreed to acquire a 36% shareholding in Rothesay Life from investor Blackstone in a deal valued at £5.75 billion. Under the terms of the transaction, GIC and MassMutual will each become equal 49% shareholders. Blackstone, GIC and ... Read the full article

Hyperion secures up to $1.5bn for growth via Hg investment

30th September 2020

Hg, a leading European investor in software and tech-enabled services businesses, is set to make a significant long-term equity investment in insurance intermediary Hyperion Insurance Group Limited, a transaction which values the business at an enterprise value of approximately $5 billion. Together with an additional debt raise and existing resources, the ... Read the full article

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