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.
Markel completes acquisition of specialist marine MGA MECO
2nd June 2025
Markel, the insurance division of Markel Group Inc., has completed its acquisition of The MECO Group Limited, a specialist marine managing general agent (MGA), following regulatory approvals. The transaction follows Markel’s April 2025 announcement that it had entered into an agreement to acquire the MGA. MECO will now trade as MECO ... Read the full article
AM Best upgrades VSIC’s credit ratings following acquisition by FM
30th May 2025
AM Best has removed the under review with developing implications status it placed on Velocity Specialty Insurance Company (VSIC) earlier this year, upgrading its Financial Strength Rating to A from A- and its Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “a-”, with a stable outlook. The upgrades reflect ... Read the full article
Acrisure acquires Global Payments’ payroll business for $1.1bn
30th May 2025
Global fintech Acrisure has entered into a definitive agreement to acquire Heartland Payroll Solutions, Global Payments’ payroll business, for $1.1 billion. Heartland Payroll is a payroll and human capital management (HCM) company in the United States. Upon completion of the transaction, it will be rebranded. The company currently provides payroll solutions, ... Read the full article
‘Transformational’ Brazos and Twenty Mile merger enables Revau strategic expansion across NA
30th May 2025
Canadian managing general agent (MGA) Revau, a specialist in property and casualty insurance, is expanding its footprint in the US through its recent partnership with Brazos Specialty Risk Insurance and Twenty Mile Insurance Services, two independent, Texas-based MGAs. In addition to broadening its presence and operational capabilities in the country, this ... Read the full article
Travelers to sell Canadian personal & most of commercial arm to Definity Financial
28th May 2025
Property and casualty insurer, The Travelers Companies, Inc., has agreed to sell the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Canadian property and casualty insurer Definity Financial Corporation for approximately $2.4 billion. The transaction is expected to close in the first quarter of ... Read the full article
Kestrel & Maiden combine to form publicly listed specialty program group
28th May 2025
Kestrel Group LLC and Maiden Holdings, Ltd. have announced the successful completion of their combination, forming a new publicly listed specialty program group. The two companies initially announced in December 2024 that they had entered into a combination agreement. Maiden Holdings received shareholder approval for all proposals related to ... Read the full article
BMS Group acquires Turkish re/insurance broking firm Oria
22nd May 2025
BMS Group, an independent global insurance and reinsurance broker, has expanded its presence in the Turkish market with the acquisition of Istanbul-based Oria Sigorta ve Reasürans Brokerliği A.Ş. Owned and Chaired by Cenk Erden, Oria is an independent re/insurance broking firm with an established strong presence in the local business environment. Since ... Read the full article
Third Point aims to transition Malibu Life Re into London-listed reinsurance platform
21st May 2025
Third Point LLC, the New York based alternative asset manager, has proposed an all-share combination with Malibu Life Reinsurance SPC, a Cayman Islands-based life and annuity reinsurance platform launched by Third Point in May 2024. The proposed transaction has been unanimously recommended by the firm's Strategy Committee following the conclusion ... Read the full article
Ryan Specialty acquires Irish MGU 360° Underwriting
21st May 2025
Ryan Specialty, an international specialty insurance firm, has acquired 360° Underwriting, a managing general underwriter (MGU) specialising in commercial construction. 360, founded in 2027 and based in Dublin and Galway, Ireland, will become a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty. Since its inception, the MGU has developed ... Read the full article
VIG bids for majority stake in Moldasig
19th May 2025
Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of the shares of MOLDASIG S.A. (Moldasig) following an invitation from the Government of the Republic of Moldova. The transaction aims to increase stability and excellence in risk protection, and follows a multi-stage bidding process initiated by the Moldovan state ... Read the full article
GTCR partners with Synova to accelerate JMG’s expansion across UK insurance market
16th May 2025
Private equity firm GTCR has signed a definitive agreement to acquire leading UK insurance broker JMG Group, in partnership with existing European mid-market investor Synova. The transaction is expected to close in the third quarter of 2025. Headquartered in Leeds, UK, and founded in 2020 through a partnership between CEO Nick Houghton ... Read the full article
wefox sells Italian entities to J.C. Flowers & Co., completes restructure
13th May 2025
Insurtech wefox has agreed to sell 100% of the shares in its Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., to funds managed by J.C. Flowers & Co., a global private investment firm investing in the financial services industry. The transaction is expected to be completed by the end ... Read the full article
KatRisk acquires location intelligence & property risk assessment firm Gamma
12th May 2025
Catastrophic risk modelling software provider KatRisk has acquired Gamma, a location intelligence and property-level risk assessment firm. According to KatRisk, the acquisition strengthens its commitment to innovation, enhances its technical expertise, and expands its global footprint. KatRisk plans to integrate Gamma’s capabilities in property-level visualisation to deliver intuitive map-based risk insights, dynamic ... Read the full article
Mercer completes acquisition of SECOR Asset Management
6th May 2025
Mercer, a business of Marsh McLennan, has completed its acquisition of SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. SECOR serves the complex needs of institutional investors, offering a range of end-to-end portfolio solutions, including investment advisory and implementation, fiduciary management, and asset liability management. Initially announced ... Read the full article
Velocity completes sale of VSIC to FM
6th May 2025
FM, a property mutual insurance company, has completed the previously announced acquisition of Velocity Specialty Insurance Company (VSIC) from Velocity HoldCo, LLC (Velocity), the former parent company of VSIC and Velocity Risk Underwriters, LLC (VRU). The transaction follows the earlier sale of VRU to Ryan Specialty, which together represents ... Read the full article
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