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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.

Athora completes purchase of Generali Belgium for €540m

2nd January 2019

Athora Holding, together with its' Athora subsidiaries, has completed the acquisition of Generali’s Belgian business, for a cash consideration of approximately €540 million ($613 million). Primarily focused on the life segment, Generali Belgium is the 11th largest insurer in Belgium and serves around 420,000 customers through a team of 430 members ... Read the full article

Carlyle Group completes $6.7bn Sedgwick acquisition deal

2nd January 2019

Global alternative asset manager The Carlyle Group has completed its previously announced $6.7 billion deal to take a majority stake in Sedgwick, a global provider of technology-enabled risk and business solutions. Sedgwick’s current majority shareholder, KKR, will fully exit its position following the acquisition, while funds managed by Stone Point ... Read the full article

Arch completes acquisition of Ardonagh’s UK commercial lines business

2nd January 2019

Arch Insurance Europe has completed its' acquisition of the UK commercial lines business owned by The Ardonagh Group, and part of its Geo Underwriting operating segment. The acquired business generated more than £150 million of Gross Written Premium in 2017 and will become the newly-formed Arch UK Regional Division, focused on ... Read the full article

AIG completes purchase of UK life insurer Ellipse from Munich Re

2nd January 2019

American International Group (AIG) has completed its acquisition of Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. Funded by an undisclosed cash consideration, the purchase was conducted via AIG Life, a UK subsidiary of AIG Life & Retirement. AIG said that Ellipse’s group protection capabilities, ... Read the full article

Stackhouse Poland, Aston Lark up for sale with £600m joint value: reports

31st December 2018

Two of the UK’s largest independent insurance brokers, Stackhouse Poland and Aston Lark, are reportedly up for sale with a joint value of £600 million, according to online news outlet This is Money. The private equity owners of Stackhouse Poland have reportedly hired individuals from global independent investment banking advisory firm ... Read the full article

Carlyle and GIC to take 10% stake in India’s SBI Life for $742mn

31st December 2018

U.S private equity firm Carlyle Group and Singapore’s sovereign wealth fund GIC plan to team up on a Rs 5,200 crore (US $742 million) deal that will see the companies take a 10% stake in Indian insurer SBI Life Insurance Co. SBI Life Insurance was formed in 2001 as a joint ... Read the full article

NWS Holdings to acquire Hong Kong insurer FTLife for $2.75bn

31st December 2018

New World Development Company Limited (NWD) has announced that its subsidiary, NWS Holdings Limited, plans to acquire the entire issued share capital of Hong Kong insurer FTLife Insurance Company Limited for HK $21.5 billion (US $2.75 billion) in cash. NWD explained that the transaction would enhance the diversified business portfolio of ... Read the full article

China Re completes acquisition of Chaucer

31st December 2018

China Re has successfully completed its previously announced acquisition of the holding company of Chaucer, the London-based and Lloyd's focused specialty re/insurance business of The Hanover. The transaction was valued at around $950 million, made up of a cash consideration of $865 million paid by Hong Kong listed China Re, ... Read the full article

Enstar completes purchase of Maiden Re North America

28th December 2018

Bermuda based re/insurance, run-off and legacy transaction specialist Enstar Group Limited has announced that it has completed its acquisition of Maiden Re North America from a subsidiary of Maiden Holdings. The net consideration paid in the transactions was $272.4 million, which represents the adjusted purchase price less the ceding commission. Domiciled in ... Read the full article

Nexus completes acquisition of Hiscox Global Flying

27th December 2018

Specialty Managing General Agent (MGA) Nexus Group has completed the acquisition of Hiscox Global Flying (HGF) via an asset purchase into Millstream Underwriting Limited, a Nexus Group company that specialises in Accident & Health and Travel insurance. HGF, which was bought by Hiscox in 2006, has provided insurance for aviation professionals ... Read the full article

Swiss Re takes further investment in ReAssure from MS&AD

20th December 2018

Global reinsurance firm Swiss Re has taken a further minority investment from insurance holding company MS&AD into ReAssure, taking the Japanese firms stake to 25%. MS&AD Insurance Group Holdings Inc (MS&AD) already holds around 15% of the shares in Swiss Re's UK closed life book consolidator ReAssure, having bought into ... Read the full article

Japan Post to acquire 7% stake in U.S insurer Aflac

19th December 2018

Japan Post Holdings, the Tokyo-headquartered postal and financial conglomerate, has announced that it plans to acquire a 7% stake in U.S supplemental insurance provider Aflac Incorporated. The company, which is majority-owned by the Japanese government, said that it will acquire 7% of Aflac’s outstanding shares through a trust. Reuters reported last week ... Read the full article

European Commission approves China Re’s acquisition of Chaucer

19th December 2018

The European Commission has approved China Re’s previously announced acquisition of Chaucer, concluding that the deal does not give rise to any competition concerns. The EU governing body explained that the proposed transaction may entail “horizontal overlaps between the companies’ activities,” but would ultimately raise no competition concerns given the ... Read the full article

InsurTech developers Prima Solutions and Effisoft complete merger deal

19th December 2018

InsurTech software developers Prima Solutions and Effisoft have completed a merger deal as part of a growth strategy to accelerate their development in the property and casualty (P&C), health and personal protection re/insurance markets. Prima Solutions and Effisoft claimed that their consolidation will produce one of the largest and most comprehensive ... Read the full article

EPIC Holdings to acquire U.S operations of Integro

18th December 2018

EPIC Holdings, Inc. has announced that it plans to acquire Integro Holdings Inc., the company that houses all the U.S operations of international re/insurance broker and risk management firm Integro Group Holdings, LP. The transaction, which is expected to close in January 2019, will see EPIC benefit from the addition of ... Read the full article

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