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.
Nexus to acquire Dubai-based reinsurance MGA Arma Underwriting
23rd December 2024
Nexus Underwriting, a specialty Managing General Agent (MGA), has entered into an agreement to acquire Arma Fusion Limited, the parent company of Arma Underwriting Limited (Arma), with the deal expected to close in the first quarter of 2025. Founded in 2017, Arma is a Dubai-based specialty MGA focusing on Property, Energy, ... Read the full article
BMS Group completes acquisition of UK insurance broker David Roberts & Partners
20th December 2024
BMS Group, an independent specialist insurance and reinsurance broker, has completed the acquisition of UK-based insurance broker David Roberts & Partners (DR&P). Initially announced in July 2024, BMS Group has acquired DR&P from European mid-market private equity firm Inflexion. John Page, CEO of DR&P, and Simon Bland, Managing Director, will continue ... Read the full article
DARAG concludes sale of North American and Bermuda operations to RiverStone Group
20th December 2024
DARAG Group, a legacy acquirer specialising in the European market, has officially completed the transfer of its North American and Bermuda operations to RiverStone Group, after obtaining the necessary regulatory approval. This transaction, originally announced earlier this year, is expected to streamline DARAG's operations and enable the company ... Read the full article
Bridge Specialty Group takes on assets of American Risk Management Resources Network
17th December 2024
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., along with David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (ARMR), recently announced that Brown & Brown, a national insurance intermediary, Inc.'s subsidiary, Bridge Specialty Group, has acquired the assets of ARMR. ARMR is a ... Read the full article
CRC Group expands binding operations in Southeast through SLB acquisition
16th December 2024
CRC Group, a wholesale specialty insurance distributor in North America, has announced that it has acquired SLB Insurance Group, a binding authority operation with offices located in Florida and Louisiana. Established in 2000, SLB particularly specialises in small to midmarket property and casualty, trucking, and personal lines insurance. The company is led by Darren ... Read the full article
Ageas finalises deal to acquire Saga’s underwriting business
16th December 2024
International insurance group Ageas has announced the successful conclusion of exclusive negotiations with Saga plc, a UK specialist provider of products and services to people aged over 50, for Ageas UK to acquire Saga's insurance underwriting business, Acromas Insurance Company Limited (AICL). The negotiations, which began on October 11, 2024, ... Read the full article
Fairfax acquires OMERS’ Brit investment for $383m
16th December 2024
Canadian financial holding company Fairfax Financial Holdings Limited has increased its ownership interest in specialist insurer Brit Limited to 100% from 86.2%. This was done by acquiring the interest of OMERS, the pension plan for Ontario’s municipal employees, for a cash consideration of approximately $383 million. Fairfax, through its subsidiaries, is primarily ... Read the full article
BMS to acquire Spanish broker Rasher & its LATAM subsidiaries
12th December 2024
Independent specialist insurance and reinsurance broker BMS Group has agreed to acquire Spain-based insurance broker Rasher, and its Latin American subsidiaries in Colombia and Peru, subject to regulatory approvals. According to BMS Group, through this acquisition, Rasher, known for providing surety, credit, and risk management solutions to corporate clients, will accelerate ... Read the full article
Optio acquires Italian MGA Heca
11th December 2024
Specialty MGA Optio Group has advanced its European expansion by completing a strategic investment in the Italian MGA Heca S.r.l., following regulatory approval. Founded in 2010 in Ortona, province of Chieti in Abruzzo, Heca has rapidly grown to become a leading MGA in Italy, Optio stated. Offering a diverse multi-product portfolio and ... Read the full article
Nippon Life to acquire remaining shares in Resolution Life for $8.2bn
11th December 2024
Nippon Life Insurance Company has agreed to consolidate its ownership interest in Resolution Life by acquiring the remaining shares from the firm’s investment limited partnership for $8.2 billion. The transaction values Resolution Life at $10.6 billion, with shareholders also retaining final dividends before completion. According to Resolution Life, this agreement marks the ... Read the full article
Aon’s NFP strengthens West Texas presence with Capstone Strategies acquisition
10th December 2024
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has announced the acquisition of Capstone Strategies, LLC, a property and casualty (P&C) and benefits broker based in Midland, Texas. Blake Johnston and Brandon Sheppard, the founders of Capstone Strategies, will join NFP as senior vice presidents and report ... Read the full article
SRG acquires specialist insurance broker R3
10th December 2024
Specialist Risk Group, an insurance intermediary backed by Warburg Pincus and Temasek, has announced the acquisition of specialist insurance broker, R3. This marks SRG’s eleventh acquisition in 2024, following previous acquisitions which include Stonehatch, Capulus, and Anthony James Insurance Brokers. R3 provides customised insurance solutions to various sectors, including ... Read the full article
AIG closes sale of Corebridge stake to Nippon Life
10th December 2024
Global insurer American International Group, Inc. (AIG) has closed its previously announced sale of approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company. The selling price of the stock, as previously reported, was decided at $31.47 per share, for an aggregate purchase price of $3.8 ... Read the full article
Davies to acquire Premier Claims Management to expand North American claims services
9th December 2024
Davies, a professional services and technology specialist, has announced its acquisition of Premier Claims Management, LLC (PCM), a claims service provider specialising in professional and general liability claims. Based in Santa Ana, California, PCM’s addition strengthens Davies’ North American (NA) services by expanding its professional and general liability claims capabilities and ... Read the full article
Record growth in W&I insurance usage in H1’24: HWF Partners
9th December 2024
The use of warranty and indemnity (W&I) insurance reached record levels in the first half of 2024, with 1,540 policies placed and an increase in claims and payouts, according to a market study by HWF Partners. W&I insurance protects parties in mergers and acquisitions (M&A) transactions from financial loss due to ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
