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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.

Compre completes trio of run-off acquisitions

14th June 2019

Insurance and reinsurance legacy specialist, Compre has signed three transactions involving the share of the Gibbon Pools held by Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Company Ltd. (Helvetia), and an undisclosed European insurance group. Under the transactions, Compre has acquired each company's shares of the Gibbon Pools, which is made ... Read the full article

Helios Underwriting acquires Nameco for £2mn, completes £1.15mn capital raise

13th June 2019

Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has agreed to buy the entire issued share capital of Nameco, a limited liability member of Lloyd’s, for just over £2 million. Helios' strategy is to build a fund of Lloyd's underwriting capacity through the acquisition and consolidation of limited liability ... Read the full article

Atlas enters into strategic underwriting arrangement with American Financial

10th June 2019

US-based commercial auto insurer, Atlas Financial Holdings, Inc. has signed a definitive agreement with American Financial Group, Inc. (AFG) that targets the paratransit line of business. According to an announcement on the deal, a definitive agreement between the two companies was executed effective June 10th, 2019. The agreement sees Atlas act as ... Read the full article

Athora to acquire VIVAT from Anbang Group, NN Group to take non-life unit

7th June 2019

Athora Holding Ltd. is to acquire VIVAT N.V. from Anbang Group Holdings Co Ltd., retaining the life and asset management divisions. Following the closing of this acquisition, NN Group will take ownership of VIVAT Schadeverzekeringen N.V. (VIVAT Schade), VIVAT's non-life business. The acquisition marks Athora's entry into the Dutch market, and it's ... Read the full article

BMS takes investments from major institutions at $636mn valuation

5th June 2019

UK headquartered brokerage BMS Group has announced that it's secured a significant investment from British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP). The investment values BMS at £500 million (USD 636 million) and is expected to close in the third-quarter of 2019, subject to regulatory approvals. The BMS management ... Read the full article

Generali Belgium re-named following €540m Athora acquisition

5th June 2019

With its €540 million acquisition having been completed in January, Generali Belgium S.A. has officially been re-named Athora Belgium S.A. The name change represents the final stage in the purchase of Generali Belgium by Athora Holding, first announced in April 2018. Officially, Generali Belgium has been part of Athora since 2 January ... Read the full article

AXA further reduces stake in U.S. life business

5th June 2019

Global re/insurer AXA has further reduced its stake in its US life insurance business, AXA Equitable Holdings (EQH), with the sale of 40 million shares to Morgan Stanley and Barclays. AXA has also granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of EQH’s common stock. Read the full article

AmWINS wraps up acquisition of Atlantic Risk Specialists

4th June 2019

Global specialty insurance provider AmWINS has completed its acquisition of ARS, a full-service wholesaler and managing general agent comprised of the companies Atlantic Risk Specialists and ARS-Latiff. ARS will become part of AmWINS’ brokerage division and will be aligned to strengthen the firm’s property and casualty capabilities. “We’re excited to partner with ... Read the full article

Protective completes reinsurance transaction with Great-West Lifeco

4th June 2019

Great-West Lifeco Inc. subsidiary, Great-West Life & Annuity Insurance Company (GWL&A) has completed the sale, via reinsurance of all of its individual life insurance and annuity business to Protective Life Insurance Company, a subsidiary of Protective Life Corporation. The transaction was previously announced on January 24th, 2019 and the business sold includes bank-owned ... Read the full article

Arthur J. Gallagher acquires Australian broker The Protectors Insurance Group

4th June 2019

Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of The Protectors Insurance Brokers and Regent Insurance Brokers, collectively known as The Protectors Group. Founded in 1982, The Protectors Group is a retail broker specialising in construction, hospitality and transport coverage. It is based in Liverpool, New South Wales, ... Read the full article

Ryan Specialty Group completes acquisition of Atlantic Specialty Lines

3rd June 2019

Ryan Specialty Group (RSG) has announced the completion of its acquisition of the assets and operations of wholesale insurance brokerage Atlantic Specialty Lines, Inc. (ASL). ASL is headquartered in Richmond, Virginia, and has additional offices in Illinois, Florida, Louisiana, New York, Pennsylvania, and Texas. The ASL team now forms part RSG’s wholesale ... Read the full article

Zurich completes purchase of ANZ’s OnePath Life

3rd June 2019

Zurich Insurance Group has announced the completion of its acquisition of ANZ’s life insurance business, OnePath Life, for AU $2.85 billion (US $2.14 billion). The transaction, which was first announced in December 2017, will provide Zurich with up to 6 million new customers in Australia, leaving it with a market ... Read the full article

White Mountains acquires minority stake in ILS manager, Elementum Advisors

3rd June 2019

White Mountains Insurance Group, Ltd. has acquired a minority equity stake in insurance and reinsurance linked asset manager, Elementum Advisors, LLC. Terms of the deal were not disclosed. However, our sister publication, Artemis reported on April 18th 2019 that Elementum was selling a 30% stake to White Mountains. White Mountains is known ... Read the full article

Gallagher completes takeover of JLT’s aerospace business

3rd June 2019

Global insurance brokerage Arthur J. Gallagher & Co. has announced the completion of its acquisition of Jardine Lloyd Thompson Group plc’s (JLT) global aerospace operations. The transaction, which was first announced in March 2019, is expected to significantly expand Gallagher’s existing aerospace team. The broker’s global aerospace operations now includes offices ... Read the full article

Liberty Mutual completes takeover of AmTrust’s U.S. surety operations

3rd June 2019

Liberty Mutual Insurance has completed its previously announced acquisition of AmTrust Financial Services' U.S. surety operations, AmTrust Surety, following the completion of customary closing conditions. Liberty Mutual announced in April of this year that it's acquiring the global surety and credit reinsurance operations of AmTrust Financial Services, which is comprised ... Read the full article

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