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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.

JLT acquires major U.S. broker International Risk Consultants

28th February 2018

Jardine Lloyd Thompson Group plc (JLT) has acquired International Risk Consultants (IRC), a leading U.S. broker specialising in trade credit, single-and-multi-buyer, and political risk insurance. The acquisition will see IRC positioned as a risk specialist within JLT’s global credit, political and security (CPS) risk resources. IRC’s trade credit and political risk specialties ... Read the full article

Swiss Re not counting out M&A, but it has to add value: CEO Mumenthaler

27th February 2018

Reinsurance giant Swiss Re, while carefully assessing a potentially transformational investment from tech giant SoftBank, is also open to mergers and acquisitions, but CEO Christian Mumenthaler explained that M&A deals have to add value. Speaking about the reinsurance firm's annual results last week, Mumenthaler said that any M&A deals it ... Read the full article

Phoenix to acquire £3.24bn insurance business from Standard Life Aberdeen

26th February 2018

The UK’s Phoenix Group has unveiled its plans to acquire the majority of Standard Life Assurance Limited and employee benefits arm Vebnet Limited for a total consideration of £3.24 billion, and to enhance their long-standing strategic partnership with current owners Standard Life Aberdeen (SLA). This transaction sees SLA complete their transformation ... Read the full article

QBE to sell Latin American operations to Zurich

26th February 2018

QBE Insurance Group Limited has announced plans to sell its Latin American operations to Zurich Insurance Group for a total aggregate price of US $409 million. The transaction includes operations in Argentina, Brazil, Columbia, Ecuador and Mexico, and will see Zurich become the leading insurer in Argentina and the third largest ... Read the full article

Allianz to buy remaining 5% of Euler Hermes shares in squeeze-out

23rd February 2018

Allianz has revealed plans to initiate a squeeze-out and delisting of Euler Hermes' remaining 5% of market float share capital and voting rights, in a move that will see the insurer complete plans for 100% ownership of the global trade credit insurer. Allianz intends to file a tender offer in coming ... Read the full article

Swiss Re says “no certainty” SoftBank deal will be consumated

23rd February 2018

Swiss Re said this morning that while it's board is carefully assessing a potential transaction with Japanese tech and telecoms giant SoftBank, there is "no certainty" a common ground will be found and a deal proceed. Swiss Re confirmed recently that it has been in talks with SoftBank about the ... Read the full article

Federated National completes acquisition of Monarch

23rd February 2018

Federated National Holding Company has completed its acquisition of 100% of Monarch National Insurance Company, the primary operating subsidiary of Monarch Delaware Holdings LLC (MDH), held by the Company’s joint venture partners and repayment of the related debt. The firm's subsidiary, Federated National Insurance Company (FNIC), purchased for about US $12 ... Read the full article

WMIH Corp and Nationstar Mortgage enter merger agreement

21st February 2018

WMIH Corp and Nationstar Mortgage Holdings with its flagship brand Mr. Cooper have announced that they have entered into a definitive merger agreement. WMIH Chief Executive Officer (CEO) Bill Gallagher, said; “Nationstar aligns perfectly with our acquisition strategy and has a strong track record of providing mortgage servicing and loan and ... Read the full article

SoftBank seeking board seats at Swiss Re: Report

19th February 2018

According to the FT, the ongoing discussions between Japanese technology, telecommunications and investment giant SoftBank and its target investment reinsurance firm Swiss Re, include the former taking "multiple" board seats in the latter. Just over ten days ago the news emerged that Swiss Re is in what were termed advanced ... Read the full article

Allianz grows Euler Hermes shareholding to 92.43%

15th February 2018

Allianz Group has increased its shareholding in credit insurer Euler Hermes to 92.43% after acquiring an additional 29.43% of Euler Hermes' share capital in a total investment of about €1.5 billion. The insurance giant announced last year that it was looking to gain 100% ownership of Euler Hermes, and filed Read the full article

Market conditions suggest continued re/insurer M&A interest in 2018: Fitch

14th February 2018

Fitch Ratings is anticipating continued interest in merger and acquisition (M&A) activity among insurers and reinsurers in 2018, driven by ongoing competition, the impacts of the U.S. tax reform, and the effects of catastrophe losses in 2017. Fitch said that AIG's announced $5.6 billion takeover of Validus could foreshadow further ... Read the full article

Kemper to acquire Infinity in $1.4 billion merger deal

14th February 2018

Kemper Corporation has entered into a merger agreement to acquire auto insurer Infinity Property and Casualty Corporation in a cash and stock transaction, valued at approximately $1.4 billion. The implied total consideration is about $1.3 billion, or $121.01 per Infinity share. Infinity is a provider of auto insurance focused on serving the ... Read the full article

Could SoftBank investment fund Swiss Re / XL deal? – KBW

14th February 2018

Following news that global reinsurer Swiss Re is in talks with SoftBank over a minority investment in the reinsurer, and rumours that XL Group is an M&A target for large re/insurers, analysts at Keefe, Bruyette & Woods (KBW) have questioned the potential for a deal between Swiss Re and XL ... Read the full article

Ryan Specialty acquires Lodestar Marine P&I MGA from Tawa

13th February 2018

Chicago-based Ryan Specialty Group LLC (RSG) has announced that it's agreed to acquire Lodestar Marine Ltd. from Tawa Associates Ltd. for an undisclosed fee. Lodestar is a London domiciled managing general agent (MGA) focused on the protection & indemnity (P&I) fixed premium marine sector, and under the transaction will become part ... Read the full article

Nexus acquires D&O and FI MGA, Apsley Specialty

13th February 2018

Specialty managing general agent (MGA) Nexus Group has completed the acquisition of registered and approved Lloyd's of London Coverholder, Apsley Specialty Limited. Apsley Specialty was launched in 2012 and has a focus on the asset management sector, particularly alternative asset managers, and has become a specialist in Directors & Officers and Financial Institutions ... Read the full article

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