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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.

Cohen & Co’s Insurance Acquisition Corp. to combine with Shift Technologies

29th June 2020

Insurance Acquisition Corp., a subsidiary of Cohen & Company Inc., has entered into a definitive merger agreement with automotive e-commerce firm, Shift Technologies Inc. In relation to the closing of the transaction, which is expected to occur in the third-quarter of 2020, Insurance Acquisition Corp. plans to change its name to ... Read the full article

R&Q acquires Vermont-based captive

26th June 2020

Non-life legacy insurance investor Randall & Quilter has announced the acquisition of a captive insurer domiciled in Vermont. The company, which is now in run-off, wrote workers’ compensation, general and auto liability coverage to its parent and affiliates. The acquisition, which has already been approved by the Vermont Department of Insurance, is ... Read the full article

Generali to become a major shareholder of Cattolica via strategic partnership

25th June 2020

Generali Group has committed to becoming a major shareholder of Cattolica Group through a reserved share capital increase for €300 million, as the pair announce the launch of a new strategic partnership. The Board of Directors of both companies recently approved the launch of a strategic partnership between the pair, which ... Read the full article

Ryan Specialty Group to merge with All Risks

24th June 2020

Ryan Specialty Group, LLC (RSG) has announced an agreement to merge with independent wholesale insurance brokerage All Risks, Ltd. The two firms believe they have complementary strengths, with both specialising in transactional wholesale distribution and underwriting businesses in the form of managing general underwriters, programs and delegated binding authorities. RSG is headquartered ... Read the full article

Atlas completes sale of Gateway subsidiary to Buckle

18th June 2020

US-based commercial auto insurer Atlas Financial Holdings has completed the previously announced sale of its subsidiary Gateway Insurance Company to ride-sharing insurance provider Buckle, as it looks to continue its transition towards an MGA model. The transaction closed on June 16th, with $4.2 million paid to the statutory liquidator of Gateway. A ... Read the full article

China Taiping considers selling 25% stake in reinsurance subsidiary

17th June 2020

China Taiping Insurance Holdings Company Limited has announced that it's considering the sale of around 25% of its interest in its reinsurance subsidiary, Taiping Reinsurance Company Limited (TPRe), to external investors. The Board of China Taiping has revealed that the company is considering a potential issuance of shares of TPRe, its ... Read the full article

Crawford & Company sells stake in Lloyd Warwick International to McLarens

16th June 2020

Crawford & Company, a provider of claims management solutions, has agreed to sell its 51% stake in Lloyd Warwick International to global independent insurance services provider McLarens. LWI is a global multi-disciplined loss adjusting and claims management company with a team of nearly 50 adjusters providing a range of engineering, forensic ... Read the full article

Searchlight Capital Partners completes Global Risk Partners acquisition

12th June 2020

Private equity and opportunity investor Searchlight Capital Partners has completed its acquisition of a majority stake in independent insurance intermediary Global Risk Partners (GRP). First announced in February 2020, the deal will see Mike Bruce take the role of Group Chief Executive at GRP and Andy Homer appointed as Non-Executive ... Read the full article

Prosperity Life acquires closed-book businesses from National Guardian Life

11th June 2020

National Guardian Life Insurance Company (NGL) has announced an agreement to sell certain closed-block businesses to Prosperity Life Assurance Limited (Prosperity Life). The businesses in question have combined net statutory reserves of approximately $400 million and consist of life, annuity and A&H lines. “This reinsurance transaction with NGL launches Prosperity Life Assurance ... Read the full article

Arthur J. Gallagher acquires CRES Insurance Services in Nevada

9th June 2020

International insurance brokerage firm, Arthur J. Gallagher & Co., has announced the acquisition of Las Vegas, Nevada-based CRES Insurance Services, LLC. Founded in 1996, CRES designs, markets and services comprehensive errors & omissions insurance and risk management services to real estate firms and professionals across the US, particularly in the Southwest. Following ... Read the full article

Gallagher acquires CA Insurance Brokers

9th June 2020

International re/insurance broker Gallagher has announced the acquisition of Brisbane, Queensland-based CA Insurance Brokers. Founded in 2002 by Andrew Howard, CA Insurance Brokers is a mid-market insurance broker specialized in commercial transportation; construction, earthmoving and professional risks. Howard and his associates will relocate to Gallagher's Brisbane office, operating under the direction of ... Read the full article

Stonybrook Capital advises on Anchor Specialty sale

8th June 2020

Stonybrook Capital has announced its role as exclusive strategic and financial advisor to Anchor Insurance Holdings (AIH) on their sale of Anchor Specialty Insurance Company to Weston. A purchase price was not originally disclosed and, according to reports filed with regulators last year, Anchor had 43,209 policies in force representing ... Read the full article

Aon adds Harriet Clarke to AMATS unit, launches real estate M&A solution

8th June 2020

Global re/insurance broker Aon's M&A and Transaction Solutions (AMATS) unit has announced the appointment of Harriet Clarke as Director, concurrent to the launch of its Real Estate Solution for M&A transactions (ARES). Clarke is a solicitor who joins Aon from PwC, where she served as head of the corporate real estate ... Read the full article

Monument Re completes takeover of Cattolica Life

5th June 2020

Bermudian reinsurer Monument Re has completed its previously announced acquisition of Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. The transaction, first announced back in December 2019, was completed following receipt of regulatory approval from the Central Bank ... Read the full article

R&Q’s Vermont subsidiary acquires NationsBuilders Insurance Company

5th June 2020

ICDC, Ltd., the wholly owned Vermont-based subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q), has entered into a stock purchase agreement to acquire NationsBuilders Insurance Company (NBIC). The transaction, which is subject to customary closing conditions and regulatory approvals, sees the R&Q subsidiary acquire a Washington-based captive from NationsBuilders Insurance ... Read the full article

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