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.
AnaCap acquires majority stake in Edge Group to drive Italian market expansion
30th January 2025
AnaCap, a private equity firm specialising in financial services, technology, and software investments across Europe, has acquired a majority stake in the insurance brokerage firm Edge Group. This investment represents a key milestone for AnaCap’s latest flagship fund and marks its second major platform acquisition in Italy, following the purchase of ... Read the full article
Hedgehog Risk secures investment from SIG Insurance to expand in UK & Europe
29th January 2025
SIG Insurance, part of the Susquehanna, a global quantitative trading and investment firm, has acquired a significant stake in Hedgehog Risk, a provider of specialist sports and prize insurance. According to the announcement, SIG Insurance’s investment will facilitate Hedgehog Risk's expansion across the UK and Europe, allowing the firm to broaden ... Read the full article
Gallagher Bassett expands legal capabilities with acquisition of Caytons
27th January 2025
Gallagher Bassett (GB), a provider of claims and risk management solutions, has strengthened its legal capabilities with the acquisition of Caytons Law LLP (Caytons). This acquisition enhances GB's litigation offerings and complements the existing expertise of its in-house law firm, Strata Solicitors. The combined experience of Caytons and Strata Solicitors brings decades ... Read the full article
Ardonagh acquires stake in Dutch firms PIA & PIN
24th January 2025
Global insurance intermediary The Ardonagh Group's Netherlands arm has reached an agreement to acquire a substantial stake in two key players in the Dutch high-net-worth insurance sector: Private Insurance Assuradeuren B.V. (PIA) and Private Insurance Nederland B.V. (PIN). PIA, a Managing General Agent (MGA), specialises in the creation and distribution of ... Read the full article
SRG to acquire Ecclesia’s assets in Netherlands & Belgium
23rd January 2025
Specialist Risk Group (SRG) is set to acquire Ecclesia Group’s assets in the Netherlands & Belgium in a move that will reportedly see seven businesses and 700 new colleagues across the two countries join SRG. As part of this partnership, Ecclesia Group, Germany’s largest insurance broker for companies and institutions, will ... Read the full article
PIB Group Iberia enters Portuguese market with Vitorinos Group acquisition
20th January 2025
PIB, a specialist insurance intermediary, has expanded its European footprint by entering the Portuguese market through the acquisition of Vitorinos Group PIB Group Iberia. This acquisition, still subject to regulatory approval, is a major step forward for PIB Group Iberia, supporting PIB Group's international growth strategy, the firm stated. Onno Janssen, CEO ... Read the full article
Core Specialty completes London Aviation Underwriters acquisition
20th January 2025
Insurer Core Specialty has announced it has completed the acquisition of London Aviation Underwriters, Inc. (LAU) in an undisclosed transaction. founded in 1980 by Michael E. Charlesworth, LAU handles general aviation risks, airport premises liability, and non-owned aircraft liability throughout the US. This transaction brings the company into Core Specialty's aviation and ... Read the full article
Global M&A activity up 15% in 2024 led by surge in large deals: WTW
14th January 2025
In 2024, the number of global mergers and acquisitions (M&A) deals valued over $100 million increased by 15%, rising from 619 in 2023 to 710, according to WTW’s Quarterly Deal Performance Monitor (QDPM). This growth was mainly driven by a surge in large transactions (worth between $1 billion and $10 billion), ... Read the full article
Sentry acquires non-standard auto insurance provider The General
14th January 2025
Sentry Insurance, the US-based mutual insurance group, has completed its acquisition of non-standard auto (NSA) insurance provider The General, from American Family Insurance. This $1.7 billion transaction marks Sentry's largest acquisition in its 120-year history. Based in Nashville, Tennessee, The General was acquired by American Family Insurance in 2012. From what we understand, ... Read the full article
Moody’s to acquire geospatial AI intelligence provider CAPE Analytics
13th January 2025
Moody’s Corporation has reportedly agreed to acquire CAPE Analytics, a provider of geospatial AI intelligence for residential and commercial properties across the U.S., Canada, and Australia. According to Moody’s, it will combine its Intelligent Risk Platform and catastrophe risk modelling with CAPE's geospatial AI analytics, building a property database that provides ... Read the full article
2024 UK financial services M&A activity hits highest volume in over a decade: EY
13th January 2025
In 2024, M&A activity in the UK financial services sector reached its highest annual volume since 2012, with UK banks, insurers, and asset managers publicly disclosing 380 deals, according to a recent EY report. This marked a 26% increase in deal volume compared to 272 deals in 2023. The total disclosed ... Read the full article
West P&I Club completes acquisition of Nordic Marine Insurance
10th January 2025
West P&I Club, a global insurance provider for the maritime and offshore industries, has fully acquired Nordic Marine Insurance. Nordic provides fixed premium insurance for the marine industry, specialising in Delay Insurance, Primary Loss of Earnings, Hull and Machinery (H&M), Loss of Hire, Maritime Lien solutions, and other specialist products. West P&I ... Read the full article
FM confirms acquisition of Velocity Specialty Insurance Company
8th January 2025
FM, a commercial property insurer, has confirmed its acquisition of Velocity Specialty Insurance Company (VSIC), Velocity's wholly owned E&S insurance carrier, with the deal expected to close in the first half of 2025. This acquisition follows a broader announcement covered yesterday, in which Ryan Specialty agreed to acquire Velocity Risk ... Read the full article
Ryan Specialty to expand property cat portfolio with $525m Velocity Risk acquisition
7th January 2025
Specialty insurer Ryan Specialty has agreed to acquire Nashville, Tennessee-based managing general underwriter Velocity Risk Underwriters, LLC for $525 million from funds managed by Oaktree Capital Management, L.P., expanding its property catastrophe portfolio. Expected to close early this year, Velocity, a provider of first-party insurance for catastrophe exposed properties, will become ... Read the full article
Guy Carpenter completes acquisition of Athens-based Carpenter Turner
7th January 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has completed its previously announced acquisition of the remaining 51.5% of Carpenter Turner, an Athens-based reinsurance broking and advisory business. Now operating as Guy Carpenter Greece, the business will reportedly deliver the global risk and reinsurance specialist's comprehensive range of global ... Read the full article
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