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.
Munich Re acquires Next Insurance, to become part of ERGO
20th March 2025
Munich Re has signed a definitive agreement to acquire NEXT Insurance, which is to become part of ERGO, Munich Re’s primary insurance arm, marking a significant expansion into the US small and medium-sized businesses (SMB) segment. Over 30 million small businesses, spanning more than 1,000 professions, operate in the US, accounting ... Read the full article
The Doctors Company to acquire ProAssurance for $1.3bn
20th March 2025
US medical malpractice insurer The Doctors Company has announced it has entered into a definitive agreement to acquire specialty insurer ProAssurance Corporation. The all-cash transaction, valued at approximately $1.3 billion, will see ProAssurance stock holders receive $25.00 per share, representing an approximately 60% premium to the closing price per share price ... Read the full article
Howden Scotland acquires Edinburgh-based SKB Independent Insurance Brokers
20th March 2025
Howden Scotland, part of the global insurance intermediary group Howden, has announced the acquisition of the book of business of Edinburgh-based SKB Independent Insurance Brokers Limited. Founded by CEO Satvinder Breeze, SKB provides insurance services to businesses across Scotland and the UK. SKB has been rebranded as Howden and will be integrated ... Read the full article
BMS completes acquisition of Spanish broker Rasher
20th March 2025
After obtaining regulatory approvals, BMS Group has now completed its acquisition of Spanish insurance broker Rasher, which specialises in surety, credit, finance and risk management solutions for corporate clients. Readers may recall BMS announcing its planned acquisition of Rasher in December 2024. At the time, the firm's CEO highlighted strategic alignment ... Read the full article
Allianz, BlackRock, and T&D Holdings partner to acquire Viridium from Cinven in €3.5bn deal
19th March 2025
A consortium led by Allianz, BlackRock, and T&D Holdings is acquiring Viridium Group, a platform in European life insurance consolidation, from Cinven, in a €3.5 billion transaction. Cinven, after more than a decade of guiding Viridium, will exit its majority stake in the business. Generali Financial Holdings and reinsurer Hannover Re will ... Read the full article
European insurance M&A surges 20% in 2024: FTI Consulting
19th March 2025
A new report from FTI Consulting has revealed that European insurance mergers and acquisitions (M&A) remained robust in 2024, reaching a record 694 announced deals, a rise of over 20% from the 574 deals recorded in 2023. As per the report, Broker acquisitions remain a major trend, driven by organic growth ... Read the full article
VIG expands presence in Poland by investing in Phinance
19th March 2025
Vienna Insurance Group (VIG) is expanding its market presence in Poland with the acquisition of a 48.82% stake in Phinance, one of the country’s largest financial brokers. Phinance specialises in insurance sales, financial consulting, and the sale of investment and credit products. The acquisition was approved by the Polish Office for Competition ... Read the full article
Howden reported close to $10bn Risk Strategies deal, $30bn IPO on the cards
18th March 2025
Global insurance and reinsurance broker Howden is reportedly nearing a $10 billion binding agreement to acquire Risk Strategies, a move that could set the stage for a future stock market flotation valuing the company at over $30 billion, as per Sky News. Readers may recall that Bloomberg had previously reported ... Read the full article
Swiss Re agrees sale of Definity stake for CAD 655m
18th March 2025
Swiss Re, one of the world's largest reinsurance companies, has agreed to sell all of its 11,647,217 common shares in Canada's Definity Financial Corp. for approximately CAD 655 million. The common shares, which represent approximately 10.05% of the issued and outstanding common shares of Definity as of March 17th, 2025, are ... Read the full article
Allianz agrees €2.6bn sale of stake in Indian non-life & life JVs to Bajaj Group
17th March 2025
Global insurer Allianz has agreed to sell its 26% stake in Bajai Allianz General Insurance Company and Bajaj Allianz Life Insurance Company to the Bajaj Group for around €2.6 billion, bringing an end to the joint venture agreements between the German insurer and Bajaj Finserv Ltd., an Indian non-banking financial ... Read the full article
Ardonagh Advisory acquires Anderson & Co expanding UK north division
14th March 2025
Anderson & Co (Holdings) Limited (ACH) and its subsidiary Anderson & Co (Insurance Brokers) Limited (ACIB) have been acquired by Ardonagh Advisory, expanding its presence in the North of the UK. Blackpool-based brokerage Anderson & Co, established over five decades ago, specialises in commercial and personal lines.Since its launch, it has ... Read the full article
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
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