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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.

Insurtech Bold Penguin acquired by American Family

15th January 2021

Property/casualty insurance group American Family has announced the acquisition of Bold Penguin, an insurtech firm focused on providing cover to small businesses. Bold Penguin will become a subsidiary of the American Family Insurance group but will maintain its name and business model. It's hoped Bold Penguin will be able to leverage the scale ... Read the full article

Gallagher to acquire specialist UK broker Bollington

13th January 2021

Global insurance broker Arthur J. Gallagher & Co. has signed an agreement to acquire 100% of The Bollington Wilson Group, a specialist UK broker. Bollington was founded in 1973 and has divisions in SME, micro-SME and personal lines. The business will become part of Gallagher's UK Retail Division and its CEO will remain with ... Read the full article

Royal Chartered Insurance to be acquired by IORC

12th January 2021

Royal Chartered Insurance has announced that it will be acquired by IORC Export & Credit Insurance Corporation. The insurer offers a range of products and services involving various classes of insurance, which have been designed and developed in collaboration with leading international insurance, reinsurance companies, and recognised banks. Royal Chartered Insurance works ... Read the full article

Alliant acquires employee benefit platform Vertus

12th January 2021

Alliant has acquired employee benefit platform Vertus in a bid to improve benefit schemes for its employees. The strategic acquisition adds a diverse profile of services and global benefits capabilities to the company’s current employee benefits group. Vertus provides a range of services which includes medical and RX, dental, life, disability, absence ... Read the full article

Despite Q4 rebound, 2020 M&A activity fell to lowest level since GFC: WTW

12th January 2021

In spite of a rebound in the final quarter of the year, re/insurance broker Willis Towers Watson (WTW) reports that in 2020, global mergers and acquisitions (M&A) activity declined to its lowest level since the aftermath of the global financial crisis (GFC). The latest research on completed M&A deals from the ... Read the full article

National Lloyds rebrands after ReAlign acquisition

8th January 2021

National Lloyds Insurance Company has announced that it has rebranded as National Summit Insurance Company following its acquisition by ReAlign Insurance Holdings, Inc. back in July 2020. The rebranding also follows the conversion of National Lloyds from a Texas Lloyds Plan company into a capital stock insurance company. The company, now ... Read the full article

Aston Lark acquires Lloyd’s broker CRS Yachts

8th January 2021

Aston Lark, a chartered insurance broker backed by Goldman Sachs, has announced the acquisition of Lloyd’s broker CRS Yachts. CRS Yachts is based in London and offers a bespoke service focussed solely on serving superyacht owners. The company will maintain its existing brand but will play an active and significant role in ... Read the full article

New York Life acquires Cigna businesses

7th January 2021

US domiciled mutual life insurer New York Life has completed its $6.3 billion acquisition of health insurer Cigna’s life, accident, and disability insurance business. The acquisition, which was first announced in 2019, adds approximately 3,000 employees and over nine million customers to New York Life’s portfolio. The new business will be ... Read the full article

I–RE enters partnership with Cimarron Insurance

7th January 2021

Specialist captive re/insurance MGU, International Re (I–RE), has announced a new strategic capacity partnership with Cimarron Insurance, a niche specialist admitted insurer. The partnership will underwrite a range of admitted property and casualty lines of business, rolling out over the next 12 months. Cimarron specialises in providing individual business owners, owner operators ... Read the full article

Marco acquires Allianz’ British Reserve Insurance Company

7th January 2021

European P&C Legacy specialist Marco has completed its acquisition of Allianz-owned UK non-life insurer British Reserve Insurance Company (BRIC). The transaction has received all required regulatory approvals. BRIC is an authorised UK non-life insurance carrier and has been purchased to help enable Marco to provide reinsurance solutions, as well to offer finality by ... Read the full article

Alliant acquires BridgePoint Risk Management

7th January 2021

Alliant has announced the acquisition of BridgePoint Risk Management, a national provider of personal and commercial risk management solutions. BridgePoint is known for providing customised commercial and personal risk management solutions to individuals, families, and business owners nationwide. The company has offices in Ohio, Connecticut, Arizona, and Florida. “BridgePoint and its talented team ... Read the full article

R&Q completes Inceptum & WMG acquisitions

6th January 2021

Randall & Quilter Investment Holdings Ltd. (R&Q) has completed its acquisitions of Inceptum Insurance Company Limited and The World Marine & General Insurance Company PLC (WMG). R&Q recently received regulatory approval for both acquisitions, which were first announced back in August 2020. Inceptum is part of the Vibe Group of companies ... Read the full article

Allstate finalises acquisition of National General

6th January 2021

US primary insurer Allstate Corporation has closed its $4 billion acquisition of National General Holdings. The acquisition, which was announced in July last year, sees Allstate expand its personal lines market position. National General offers a range of property-liability solutions through independent agents with a presence in non-standard auto insurance. Additionally, National ... Read the full article

Nexus acquires marine business from Hiscox MGA

6th January 2021

Independent specialty Managing General Agent Nexus Group has acquired the marine business (HMM) from Hiscox MGA. The purchase was via an asset purchase into Millstream Underwriting, a Nexus Group company specialising in consumer insurance. HMM was originally established in 2012 and underwrites yachts and the marine trades industry. Hiscox will continue to provide underwriting ... Read the full article

Charles Taylor announces Aegis acquisition

6th January 2021

Technology solutions provider Charles Taylor has acquired Wisconsin-based mutual management and third-party claims administrator, Aegis Corporation. Aegis provides both risk pools and self-insureds with bespoke insurance and claims management programs focused on the needs of public entities and municipal organisations. At its Brookfield, Wisconsin headquarters, some 45 employees oversee insurance programs and ... Read the full article

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