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.
Vertafore expands AI capabilities with Surefyre acquisition
12th November 2024
Insurtech Vertafore has acquired Surefyre, a submission and underwriting workbench platform built to empower managing general agents (MGAs) and wholesalers. By incorporating Surefyre's AI-powered, low-code/no-code solution into Vertafore's top-tier MGA ecosystem of solutions, this acquisition reinforces Vertafore's position as an industry leader, the firm highlighted. The addition of Surefyre's solution, Vertafore MGA ... Read the full article
Bishop Street Underwriters acquires Ethos Transactional
11th November 2024
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Ethos Specialty’s Transactional Liability unit. Financial terms were not disclosed. This acquisition, Bishop Street noted, further strengthens its platform and expands its suite of specialised client solutions while continuing to drive strong underwriting profitability. Ethos Transactional concentrates on managing risks associated ... Read the full article
PIB acquires French medical malpractice insurer BEA Group
11th November 2024
PIB Group Ltd, a specialist insurance intermediary, has entered the French market with the strategic acquisition of medical malpractice insurance business BEA Group and its subsidiaries. This investment, representing PIB's 100th deal, marked a significant milestone in PIB Group's continuous European expansion strategy. It serves as a solid foundation for future growth ... Read the full article
Enstar shareholders approve acquisition by Sixth Street
8th November 2024
Global legacy re/insurance specialist Enstar Group Limited, has confirmed it is to be acquired by Sixth Street after it received the necessary shareholder approval. Sixth Street had previously proposed to acquire Enstar in a $5.1 billion transaction, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors ... Read the full article
Steadfast expands London market capabilities with acquisition of H.W. Wood & HWI France
8th November 2024
Australian insurance broking and distribution group Steadfast has acquired H.W. Wood Limited and HWI France to expand its London market capabilities for a purchase price of £23.5 million. The acquisition will be funded from Steadfast’s existing corporate debt facilities and free cashflow Forecast to be EPS accretive from the date of ... Read the full article
Enstar completes second property ILS transaction with acquisition of Bermuda reinsurer
6th November 2024
Enstar Group Limited, a company specialising in managing runoff insurance and reinsurance portfolios, through its wholly-owned subsidiary, Cavello Bay Reinsurance Limited, has acquired a Bermuda-domiciled Class 3B insurer and segregated accounts company. The newly acquired reinsurer underwrote property reinsurance business between 2020 and 2023 on behalf of third-party investors, assuming the ... Read the full article
SRG acquires specialist reinsurance firm NW Re
5th November 2024
Insurance intermediary Specialist Risk Group (SRG) has announced the acquisition of specialist reinsurance firm NW Re. Founded in 2020 by Neil Wallis, Neil Walker, and Tallis Kemp, NW Re provides Property Facultative Reinsurance and Excess of Loss insurance across a range of occupancies. With this acquisition, the team at NW Re will ... Read the full article
Swiss Re to sell iptiQ’s Euro P&C business to Allianz Direct
5th November 2024
In line with its strategic decision to withdraw from iptiQ, Swiss Re has agreed to sell the digital insurer's European P&C business to Allianz Direct, the pan-European online insurer of Allianz Group. iptiQ is a carrier based in Luxembourg that partners with other insurers, brokers, banks and consumer brands to deliver ... Read the full article
Ryan Specialty in final talks to acquire Innovisk Capital
4th November 2024
Ryan Specialty, an international specialty insurance services firm, has announced it is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments, LP. Through the acquisition, Innovisk will be integrated into Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty. The acquisition is anticipated to ... Read the full article
Aon to expand presence in UK & Ireland with Griffiths & Armour acquisition
1st November 2024
Global insurance and reinsurance broker Aon has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour, a move that aligns with its UK and Ireland expansion strategy. Upon completion of the transaction, Griffiths & Armour will become wholly-owned by Aon UK Limited and is proposed to go to ... Read the full article
Ardonagh Advisory to acquire Rowett Insurance Broking
1st November 2024
Ardonagh Advisory, a UK insurance broking and consulting firm, has announced its agreement to acquire Rowett Insurance Broking Limited. Rowett specialises in commercial and personal insurance from its offices in St Austell and Plymouth. Its subsidiary, AGRi Insurance Facilities Ltd, focuses on wholesale agricultural insurance, operating from Darlington and St Austell. Upon ... Read the full article
SRG expands equestrian portfolio with Stonehatch acquisition
31st October 2024
Insurance intermediary Specialist Risk Group (SRG), has acquired Stonehatch, a specialist bloodstock and livestock insurance broker, a move that will complement its existing equestrian portfolio. Stonehatch was founded in 2024 by Chris Williamson, since then, the company has built a strong reputation in the bloodstock and livestock sectors, providing insurance solutions ... Read the full article
Rising mergers among German mutual insurers driven by cost pressures, says Berenberg
30th October 2024
An increasing number of German mutual insurers are merging, with a common trend toward greater diversification in business lines and increased scale amid sharply rising IT costs, according to Berenberg analysts. In 2024, four mergers have either been announced or completed among German mutual insurers: Barmenia with Gothaer, Ostangler Brandgilde with ... Read the full article
Clear Group to acquire specialist Lloyd’s broker LPR from B.P. Marsh
29th October 2024
Specialist private equity investor B.P. Marsh & Partners Plc has announced the sale of Lilley Plummer Holdings Limited, the 100% owner of specialist Lloyd’s broker Lilley Plummer Risks Limited (LPR), a marine and property specialist. Clear London Markets Limited, majority owned by Goldman Sachs, has agreed to acquire the ... Read the full article
Lockton enters Indian market with acquisition of Arihant Insurance Broking Services
29th October 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has granted independent insurance broker Lockton regulatory approval for the acquisition of Arihant Insurance Broking Services Limited. Lockton’s strategic expansion into the Indian market aligns with its broader vision to enhance its footprint in key emerging markets, aligning with the company's commitment ... Read the full article
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