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.
A. J. Gallagher completes acquisition of Woodruff Sawyer
11th April 2025
Global insurance brokerage Arthur J. Gallagher & Co. has announced that it has completed its acquisition of San Francisco, California-based Woodruff Sawyer. Woodruff Sawyer is a brokerage and consulting firm offering a full suite of commercial property and casualty products, employee benefits solutions, and risk management services, with a focus on ... Read the full article
Ethos Capital, BCI & White Mountains acquire stake in broker BroadStreet
11th April 2025
An investor group led by Ethos Capital, British Columbia Investment Management Corporation (BCI), and White Mountains Insurance Group will acquire an ownership position in BroadStreet Partners. Under the terms of the agreement, Ontario Teachers’ Pension Plan will maintain a significant co-control stake and operate in partnership with the Ethos-led investor group. BroadStreet ... Read the full article
Swiss Re’s iptiQ signs agreement to sell Australian business to Hannover Re
10th April 2025
Jef Van In, CEO of iptiQ, has announced the signing of an agreement to sell iptiQ's Australian business to Hannover Re, pending regulatory approvals. iptiQ, a digital B2B2C insurance company powered by Swiss Re, is a provider of re/insurance and risk transfer solutions. This agreement marks iptiQ's complete exit from the APAC ... Read the full article
MS&AD to sell Challenger shares to TAL Dai-ichi Life Australia
8th April 2025
Japanese insurance group MS&AD Insurance Holdings, the parent of the Mitsui Sumitomo insurance entities, has agreed to sell all of its shares in Australian financial services company with annuities and fund management businesses, Challenger Limited, to TAL Dai-ichi Life Australia Pty Limited, a wholly-owned Australian subsidiary of Dai-ichi Life Holdings. As ... Read the full article
Specialty MGAs Nirvana and Pulse to merge
3rd April 2025
Specialty Managing General Agents (MGAs) Nirvana and Pulse have announced plans to merge. Pulse specialises in non-standard Accident, Health, and Life insurance, offering coverage to individuals often declined by mainstream insurers. Nirvana underwrites a global portfolio across Media Errors & Omissions (E&O), Tech E&O, Cyber, and Warranty & Indemnity insurance and is ... Read the full article
Verisk acquires Nasdaq subsidiary Simplitium Limited
3rd April 2025
Data analytics and technology provider Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC). Verisk described NRMC as a SaaS platform fostering an open ecosystem where specialised model partners share models, hazard data, and analytics to help bridge the global insurance protection gap. Built ... Read the full article
Marsh McLennan Agency expands with acquisition of Arthur Hall Insurance
3rd April 2025
Marsh McLennan Agency (MMA), a division of Marsh and a provider of business insurance, employee benefits, retirement and wealth services, and private client insurance across the US and Canada, has acquired Arthur Hall Insurance, an insurance agency based in West Chester, Pennsylvania, with financial details of the acquisition not disclosed. Founded ... Read the full article
ACIC completes sale of personal lines subsidiary Interboro to Forza
3rd April 2025
American Coastal Insurance Corporation (ACIC), a property and casualty insurance holding company, has completed the sale of its personal lines subsidiary, Interboro Insurance Company, to Forza Insurance Holdings, LLC. ACIC first announced the sale of New York-based Interboro in May 2024, marking the completion of the run-off of its personal ... Read the full article
Allstate sells Employer Voluntary Benefits business to The Standard
2nd April 2025
US primary insurer Allstate has closed the previously announced sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) for $2 billion. It has been confirmed that this transaction, along with the previously announced definitive agreement to sell the Group Health business, is expected to generate ... Read the full article
Zurich invests in M&A specialist Icen Risk
1st April 2025
Global multi-line insurer Zurich Insurance Group has strategically invested in Icen Risk (Icen), a specialist M&A insurer which offers bespoke coverage for Warranty & Indemnity, Tax, IP, and Environmental risks in European mid-market M&A transactions. The transaction, which is subject to regulatory approval and expected to close in Q3 2025, will ... Read the full article
Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance to merge
28th March 2025
MS&AD Insurance Group Holdings, Inc. announced its Board of Directors has decided to move forward with specific discussions and preparations for the merger of its two core domestic non-life insurance subsidiaries, Mitsui Sumitomo Insurance Co., Ltd. and Aioi Nissay Dowa Insurance Co., Ltd. In a statement MS&AD outlined its vision of ... Read the full article
Mitsui Sumitomo Insurance agrees to acquire 15% of W. R. Berkley stock from third parties
28th March 2025
Japanese property and casualty (P&C) insurer Mitsui Sumitomo Insurance Co., Ltd. (MSI) has agreed to acquire 15% of commercial lines P&C insurance holding company, W. R. Berkley Corporation's outstanding common stock via open market purchases or private transactions with third parties. MSI has entered into the agreement with a company owned ... Read the full article
A. J. Gallagher acquires Texas-based Litchfield Special Risks
25th March 2025
Risk Placement Services, Inc. (RPS), the US wholesale brokerage and binding authority and programs division of Arthur J. Gallagher & Co., has acquired Litchfield Special Risks, Inc. (LSR). Terms of the transaction were not disclosed. LSR, a wholesale insurance broker and managing general agency (MGA) based in El Paso, Texas, specialises ... Read the full article
Howden to acquire UK professional services consultancy Barnett Waddingham
25th March 2025
Howden has agreed to acquire Barnett Waddingham, a UK professional services consultancy across risk, pensions, investment and insurance. Over the last five years, Howden has invested £2.4 billion to expand its UK footprint, and this new acquisition is expected to bring high-quality pension and related advisory capabilities to the firm, providing ... Read the full article
Palomar to acquire Advanced AgProtection
21st March 2025
Specialty property insurer Palomar Holdings has entered into a definitive agreement to acquire Advanced AgProtection (AAP), a Texas-domiciled specialised crop managing general agent (MGA), building on the pairs successful collaboration over the last two years. The AAP team is comprised of industry veterans with longstanding relationships and a proven track record ... Read the full article
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