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.
Bridge Specialty Group to acquire Nationwide Brokerage Solutions
4th February 2025
Bridge Specialty Group (BSG) has entered into an agreement with Nationwide to acquire NBS Insurance Agency, Inc. (operating as Nationwide Brokerage Solutions or NBS), with the transaction expected to close in March 2025. The deal was announced by Stephen M. Boyd, President of BSG, and Mark Berven, President and Chief Operating ... Read the full article
Gallagher Bassett acquires W K Webster to expand claims management services
4th February 2025
Arthur J. Gallagher & Co., an insurance brokerage and risk management firm, has announced that its claims and risk management subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd (W K Webster), with financial details not disclosed. W K Webster specialises in managing marine and transit claims, offering a ... Read the full article
Miller to acquire specialist reinsurance broker AHJ
3rd February 2025
Independent specialist insurance and reinsurance broker Miller has agreed to acquire AHJ Holdings Ltd (AHJ), the parent company of Alwen Hough Johnson Ltd and AHJ Europe AS. Established in 1973, AHJ is a specialist reinsurance broker led by Gary Masters and employing 90 people across offices in London and Scandinavia. They specialize ... Read the full article
Suncorp completes sale of Asteron Life to Resolution Life
3rd February 2025
Suncorp Group Limited, an Australian primary insurer, has completed the sale of Asteron Life Limited, its New Zealand life insurance business, to Resolution Life NOHC on 31 January 2025. This sale was first announced in April 2024, after Suncorp signed a share sale and purchase agreement with Resolution Life to ... Read the full article
Re/insurance broker Howden in talks to buy Risk Strategies, reports Bloomberg
3rd February 2025
Global insurance and reinsurance broking group Howden is reportedly in talks to acquire US insurance broker and risk management firm Risk Strategies, according to Bloomberg. Talks regarding the acquisition of Risk Strategies, which is ultimately backed by private equity firm Kelso & Co., are ongoing, but sources familiar with the matter ... Read the full article
Allstate sells its Group Health business to Nationwide for $1.25bn
31st January 2025
US primary insurer, The Allstate Corporation, has entered into a definitive agreement to sell its Group Health business to Nationwide for $1.25 billion in cash, adjusted for the closing balance sheet, and subject to standard closing conditions including regulatory approvals. Nationwide stated that this acquisition will serve as a foundation for ... Read the full article
AnaCap acquires majority stake in Edge Group to drive Italian market expansion
30th January 2025
AnaCap, a private equity firm specialising in financial services, technology, and software investments across Europe, has acquired a majority stake in the insurance brokerage firm Edge Group. This investment represents a key milestone for AnaCap’s latest flagship fund and marks its second major platform acquisition in Italy, following the purchase of ... Read the full article
Hedgehog Risk secures investment from SIG Insurance to expand in UK & Europe
29th January 2025
SIG Insurance, part of the Susquehanna, a global quantitative trading and investment firm, has acquired a significant stake in Hedgehog Risk, a provider of specialist sports and prize insurance. According to the announcement, SIG Insurance’s investment will facilitate Hedgehog Risk's expansion across the UK and Europe, allowing the firm to broaden ... Read the full article
Gallagher Bassett expands legal capabilities with acquisition of Caytons
27th January 2025
Gallagher Bassett (GB), a provider of claims and risk management solutions, has strengthened its legal capabilities with the acquisition of Caytons Law LLP (Caytons). This acquisition enhances GB's litigation offerings and complements the existing expertise of its in-house law firm, Strata Solicitors. The combined experience of Caytons and Strata Solicitors brings decades ... Read the full article
Ardonagh acquires stake in Dutch firms PIA & PIN
24th January 2025
Global insurance intermediary The Ardonagh Group's Netherlands arm has reached an agreement to acquire a substantial stake in two key players in the Dutch high-net-worth insurance sector: Private Insurance Assuradeuren B.V. (PIA) and Private Insurance Nederland B.V. (PIN). PIA, a Managing General Agent (MGA), specialises in the creation and distribution of ... Read the full article
SRG to acquire Ecclesia’s assets in Netherlands & Belgium
23rd January 2025
Specialist Risk Group (SRG) is set to acquire Ecclesia Group’s assets in the Netherlands & Belgium in a move that will reportedly see seven businesses and 700 new colleagues across the two countries join SRG. As part of this partnership, Ecclesia Group, Germany’s largest insurance broker for companies and institutions, will ... Read the full article
PIB Group Iberia enters Portuguese market with Vitorinos Group acquisition
20th January 2025
PIB, a specialist insurance intermediary, has expanded its European footprint by entering the Portuguese market through the acquisition of Vitorinos Group PIB Group Iberia. This acquisition, still subject to regulatory approval, is a major step forward for PIB Group Iberia, supporting PIB Group's international growth strategy, the firm stated. Onno Janssen, CEO ... Read the full article
Core Specialty completes London Aviation Underwriters acquisition
20th January 2025
Insurer Core Specialty has announced it has completed the acquisition of London Aviation Underwriters, Inc. (LAU) in an undisclosed transaction. founded in 1980 by Michael E. Charlesworth, LAU handles general aviation risks, airport premises liability, and non-owned aircraft liability throughout the US. This transaction brings the company into Core Specialty's aviation and ... Read the full article
Global M&A activity up 15% in 2024 led by surge in large deals: WTW
14th January 2025
In 2024, the number of global mergers and acquisitions (M&A) deals valued over $100 million increased by 15%, rising from 619 in 2023 to 710, according to WTW’s Quarterly Deal Performance Monitor (QDPM). This growth was mainly driven by a surge in large transactions (worth between $1 billion and $10 billion), ... Read the full article
Sentry acquires non-standard auto insurance provider The General
14th January 2025
Sentry Insurance, the US-based mutual insurance group, has completed its acquisition of non-standard auto (NSA) insurance provider The General, from American Family Insurance. This $1.7 billion transaction marks Sentry's largest acquisition in its 120-year history. Based in Nashville, Tennessee, The General was acquired by American Family Insurance in 2012. From what we understand, ... Read the full article
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