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.
Specialist Risk Group acquires London-based broker City Quarter Brokers
12th August 2025
Specialist Risk Group (SRG), an insurance intermediary backed by Warburg Pincus and Temasek, has announced it has entered into an agreement to acquire London-based broker City Quarter Brokers. Established in 2018, City Quarter Brokers is an independent international insurance and reinsurance broker with full access to Lloyd’s and the London Company ... Read the full article
ISS Sustainability Solutions acquires Sust Global to expand geospatial risk capabilities
11th August 2025
ISS Sustainability Solutions, the sustainable investment division of ISS STOXX, has acquired Sust Global, a provider of geospatial risk modelling and analytics. The move aims to enhance ISS Sustainability Solutions’ ability to offer institutional clients tools to assess asset-level risks tied to climate and environmental factors. Sust Global, founded in 2020, uses ... Read the full article
Talanx’s retail division sells its Argentinian and Uruguayan subsidiaries to BARBUSS
6th August 2025
The Retail International division of European insurer Talanx Group has sold its Argentinian and Uruguayan entities to BARBUSS, a global holding company providing a range of insurance, claims management and financing solutions. Both entities are now owned by BARBUSS S.A., except for a remaining 10% portion of HDI Seguros Uruguay, which ... Read the full article
Optio completes acquisition of Luxembourg-based MGA Circles Group
6th August 2025
Optio Group, a specialty managing general agent (MGA), has completed its acquisition of the Luxembourg-based MGA Circles Group (Circles). The transaction, initially announced in October 2024, reportedly marks Optio’s largest acquisition in Europe to date. Founded in 2001, Circles specialises in contingency and special risks insurance. With over €50 million in ... Read the full article
J.C. Flowers acquires Italian insurance brokerage Caleas
6th August 2025
J.C. Flowers & Co. (JCF), a private investment firm dedicated to investing in the financial services industry, has announced that investment vehicles affiliated with JCF (JCF Funds) have acquired Caleas Srl, a Milan-based insurance brokerage. This acquisition is part of JCF’s ongoing strategy to consolidate its presence in the Italian insurance ... Read the full article
Berenberg highlights potential for increased M&A activity among reinsurers amid slowing growth
5th August 2025
Berenberg, a European investment bank and asset manager, has noted that mergers and acquisitions (M&A) could become increasingly appealing to large reinsurers. This comes amid expectations that organic growth may slow due to rising competition in the sector. The suggestion is notable, given that M&A activity in the reinsurance industry has ... Read the full article
Grupo ilao strengthens presence in Colombia with 21 brokerage acquisitions
5th August 2025
Chariot & Castle Seguros, a property and casualty insurance brokerage operating in Colombia under the name Grupo ilao, has announced the successful acquisition of 21 insurance brokerages across seven Colombian cities over the past two years. This strategic expansion positions the company among the top five insurance brokerages in the country. The ... Read the full article
SPG acquires ANOVA Marine Insurance Services to broaden marine and logistics offerings
5th August 2025
Specialty Program Group LLC (SPG), a national operator of specialty insurance businesses, has acquired ANOVA Marine Insurance Services, LLC, a managing general agency (MGA) focused on marine, cargo, transportation, and logistics insurance. The acquisition is intended to strengthen SPG’s position in these sectors while allowing ANOVA to access broader distribution resources. ANOVA, ... Read the full article
Specialist Risk Group acquires Ecclesia’s Dutch and Belgian operations
4th August 2025
Insurance industry intermediary, Specialist Risk Group (SRG), has completed the previously announced acquisition of German broker Ecclesia’s businesses in the Netherlands and Belgium, marking its formal entry into mainland Europe. The acquired businesses, BS&F, Concordia, Ecclesia BV, Finance & Insurance, IC Verzekeringen NV – CI Assurances SA, Sibbing, and XOLV ... Read the full article
Brown & Brown completes RSC Topco acquisition
4th August 2025
Brown & Brown, an insurance brokerage and risk management firm, has completed its previously announced acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group, Inc. The deal, first announced in June 2025, was finalised for a gross purchase price of $9.825 billion, according to the original ... Read the full article
Aegis Professional Risk transitions to McGowan Companies in deal with K2 Insurance Services
4th August 2025
McGowan Companies, a provider of specialised insurance programmes, has acquired the assets associated with the Aegis Professional Risk division from Aegis General Insurance Agency, Inc. This transaction was completed through an asset purchase agreement with K2 Insurance Services, LLC. Aegis Pro Risk is a division focused on professional liability insurance solutions. It ... Read the full article
AXA to acquire Italian MGA Prima
1st August 2025
French insurer AXA has agreed to acquire Milan-headquartered Prima, an Italian direct insurance player acting as a managing general agent (MGA). The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to close by the end of 2025. Since its launch in 2015, Prima ... Read the full article
Bridgepoint to acquire majority stake in HBC
31st July 2025
Bridgepoint, a quoted private asset growth investor, has agreed to acquire a majority stake in HBC (Hanseatic Broking Center), an independent SME+ insurance distribution platform in the DACH region, from Preservation Capital Partners. HBC was founded in 2022 by merging three long-standing specialty brokers and a managing general agent (MGA). Since ... Read the full article
Brookfield Wealth Solutions to acquire Just Group in £2.4bn deal
31st July 2025
A wholly owned subsidiary of Brookfield Wealth Solutions (BWS) is set to acquire London life insurer Just Group. Brookfield will reportedly pay 220 pence per share in cash, valuing Just Group’s equity at £2.4 billion ($3.2 billion). Brookfield said it plans to merge Just Group with its UK insurance business, Blumont, with ... Read the full article
Nationwide to acquire renewal rights of Markel’s Global Reinsurance business
31st July 2025
Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has entered into a definitive agreement to acquire the renewal rights of Markel Insurance’s Global Reinsurance business, signalling Markel's exit from the reinsurance market as the firm focuses on growing its core specialty insurance operation. This sale aligns ... Read the full article
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