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.
Five Bays Capital acquires Firezat to expand wildfire protection amid growing crisis
12th March 2025
Five Bays Capital, a private investment firm specialising in high-growth, mission-driven companies, has acquired Firezat, a leading provider of wildfire structure protection, as fires grow increasingly severe across California and other high-risk states. Founded in 2006, Firezat has supplied millions of square feet of its patent-pending aluminum-based Wildfire Ember Shields and ... Read the full article
PIB Group expands MGA division with acquisition of Litica
10th March 2025
PIB Group, a specialist insurance intermediary, has expanded its MGA division with the acquisition of Litica, a litigation insurance provider. Founded in 2019 by Stephen Bolster and Steve Ruffle, MGA Litica specialises in a range of insurance-backed solutions for private and corporate clients involved in litigation or arbitration. Originally established in London, ... Read the full article
Gallagher’s acquisition of AssuredPartners pushed back amid regulatory review
10th March 2025
Arthur J. Gallagher (AJG) has received a request for additional information as part of the Hart-Scott-Rodino (HSR) filing for its proposed acquisition of AssuredPartners, extending the transaction's closing date to the second half of 2025. For those unfamiliar, AJG entered into a definitive agreement in December last year to acquire ... Read the full article
FTP acquires Coastal Flood Underwriters
10th March 2025
Independent MGA and wholesale insurer FTP, INC. has acquired Coastal Flood Underwriters, LLC, a provider of flood insurance solutions. This acquisition aligns with FTP’s commitment to strengthen and deliver comprehensive and tailored flood insurance solutions. The move will also allow FTP to execute its long-term strategy of expanding its specialty insurance offerings ... Read the full article
A. J. Gallagher to acquire Woodruff Sawyer for $1.2bn
5th March 2025
Arthur J. Gallagher & Co. has signed a definitive agreement to acquire San Francisco, California-based Woodruff Sawyer for a consideration of $1.2 billion. Woodruff Sawyer provides a full suite of commercial property and casualty products, employee benefits solutions and risk management services with a focus on middle and large market clients. According ... Read the full article
Amwins acquires Community Association Insurance Solutions
5th March 2025
Amwins, a distributor of specialty insurance products and services, has acquired Community Association Insurance Solutions (CAIS), a Managing General Agent (MGA) and Programme Administrator specialising in insurance solutions for homeowners' associations, townhomes, condominiums, and planned unit developments. As per the terms, CAIS will continue its ongoing operations as part of Amwins ... Read the full article
Aon acquires Mitsubishi Chemical Group’s in house insurance business in Japan
4th March 2025
Global insurance and reinsurance broker Aon completed its acquisition of Mitsubishi Chemical Group's (MCG) in-house insurance agency business on March 1, 2025. The in-house insurance agency business operated as part of Dia Rix, the in-house business services provider to MCG group companies. Aon will provide corporate and personal lines insurance to MCG ... Read the full article
Marsh expands in Italy with FRT acquisition
4th March 2025
Insurance broker Marsh has acquired Fontana Rava-Toscano & Partners (FRT), a Milan-based insurance brokerage, as part of its growth strategy in Italy. Terms of the acquisition were not disclosed. FRT, a property and casualty insurance broker and risk consulting firm, was established in 1992 by the current partners and Giancarlo Fontana ... Read the full article
Optio Group acquires Norwegian MGA S Insurance
3rd March 2025
Optio Group (Optio), an independent specialty MGA, has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed amount, subject to regulatory approval. The acquisition strengthens Optio’s strategy of building a diverse and specialised MGA platform across Europe. It follows previous expansions, including the acquisitions of Netherlands- and Brussels-based MGA Den ... Read the full article
Chubb to acquire Liberty Mutual’s P&C insurance operations in Thailand and Vietnam
3rd March 2025
Global insurance carrier Chubb Limited has entered into agreements to acquire LMG Insurance in Thailand and Liberty Insurance in Vietnam, Liberty Mutual’s property and casualty (P&C) insurance businesses in Thailand and Vietnam. The two companies being acquired by large insurer Chubb offer a range of consumer and commercial P&C products, including ... Read the full article
NormanMax to acquire FloodFlash
26th February 2025
FloodFlash, the parametric flood insurance provider with sensor technology, has agreed on terms to be acquired by NormanMax Insurance Holdings, a specialist parametric underwriter, subject to FCA approval. Following the transaction, FloodFlash will continue to operate as an MGA and Lloyd’s coverholder. The FloodFlash product will continue to be available to distributors ... Read the full article
Talanx sells HDI Seguros Ecuador to Grupo Financiero Atlántida
25th February 2025
Talanx Group’s Retail International division is selling its Ecuadorian subsidiary, HDI Seguros S.A., to Grupo Financiero Atlántida, a Honduras-based financial conglomerate. The transaction is expected to close in 2025 and is subject to approval by the relevant supervisory authorities. The sale allows the Retail International division to consolidate its Latin American portfolio ... Read the full article
NSM to sell US commercial insurance division to New Mountain Capital
24th February 2025
NSM Insurance Group, a global specialty insurance provider, has signed a definitive agreement to sell its US commercial insurance division to New Mountain Capital, a growth-oriented investment firm. The agreement includes NSM's diverse portfolio of 15 niche insurance programs across property & casualty, accident & health, and reinsurance, along with its ... Read the full article
Bishop Street completes acquisition of MGA Landmark Underwriting
21st February 2025
Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, has completed its acquisition of Landmark Underwriting, a specialty managing general agent (MGA) in the London insurance market. The deal, first announced in November 2024, marks Bishop Street’s first expansion beyond North America, further strengthening the capabilities of ... Read the full article
Howden acquires Forbes Insurance and Hill Aviation
19th February 2025
Global insurance and reinsurance broker Howden has announced the acquisition of aviation specialists Forbes Insurance Limited, and the acquisition of the book of business from Hill Aviation Insurance Services Limited. Forbes Insurance and Hill Aviation will be rebranded as Howden and will form a new specialist retail Aviation division within Howden ... Read the full article
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