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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.

EPIC Holdings to acquire U.S operations of Integro

18th December 2018

EPIC Holdings, Inc. has announced that it plans to acquire Integro Holdings Inc., the company that houses all the U.S operations of international re/insurance broker and risk management firm Integro Group Holdings, LP. The transaction, which is expected to close in January 2019, will see EPIC benefit from the addition of ... Read the full article

BTG Pactual completes acquisition of Lutece Re

14th December 2018

BTG Pactual, the largest Latin American investment bank, has completed the acquisition of Lutece Re, a boutique fund manager specialising in reinsurance risk. As a result of the deal, Lutece Re has integrated into BTG Pactual Asset Management, the global asset management division of the firm. Lutece Re was founded by industry ... Read the full article

Gallagher Bassett acquires PCMS, boosting size & offering in UK

13th December 2018

Multiline claims services provider Gallagher Bassett has acquired Property Claims Management Services Limited (PCMS), boosting its size and offering in the UK. Staffordshire-based PCMS provides property claims management services to insurers and commercial third-party claims administrators. The service delivery team covers the full range of perils including escape of water, fire, flood, ... Read the full article

R&Q’s $80.5m purchase of Global Re U.S delayed until early 2019

12th December 2018

The expected completion date of Randall & Quilter Investment Holdings’ acquisition of Global U.S Holdings Incorporated has been pushed back by the company. The $80.5 million deal, first announced on 19 September 2018, was expected to be tied up by the end of the year. While the acquisition is conditional upon regulatory ... Read the full article

Aspen shareholders approve acquisition by Apollo

11th December 2018

The shareholders of Bermuda-headquartered Aspen Insurance Holdings have approved the company's acquisition by funds under management of Apollo Global Management. Aspen held a special general meeting of shareholders regarding the merger agreement, and has announced that all of the resolutions put forward at the special general meeting were approved by the ... Read the full article

Gallagher acquires brokerage firms in UK, New Zealand

10th December 2018

Global insurance broker, risk management and consulting firm Gallagher has announced the acquisition of two insurance broker firms, expanding its footprint across the South West of England and New Zealand. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, leading South West commercial insurance broker Pavey Group ... Read the full article

Enstar closes $200mn investment in AmTrust go-private deal

7th December 2018

Bermuda-based insurance, reinsurance and run-off specialist Enstar has closed a $200 million investment in Evergreen Parent L.P., which acquired 100% of AmTrust Financial Services, Inc. in a go-private deal last week. Enstar said that it now collectively owns around 7.4% of the capital units of Evergreen, which is an entity ... Read the full article

Arch Insurance completes acquisition of McNeil & Co.

7th December 2018

Bermuda-based re/insurance firm Arch Capital Group Ltd. has completed its previously announced acquisition of New York insurer McNeil & Co. Arch announced last month that it planned to purchase the company, which offers specialised risk management and insurance programs, for an undisclosed sum. Following the acquisition, McNeil & Co. will operate ... Read the full article

Consolidation will help re/insurers leverage digital investments: J.P. Morgan

4th December 2018

Further sector consolidation would allow re/insurers in the European market to better leverage investments in digital innovation by sharing the costs across a wider revenue base and creating economies of scale, according to analysts at J.P. Morgan. A recent report by the firm suggested that, while investment in digital is growing ... Read the full article

Indian regulator rejects ITI Reinsurance acquisition proposal

4th December 2018

The Insurance Regulatory Authority of India (IRDAI) has rejected a proposal from Go Digit General Insurance Ltd to acquire the two-year-old Indian reinsurer ITI Reinsurance from its current owners, due to a number of issues that violate regulations. Go Digit, which is owned by Indo-Canadian billionaire Prem Watsa, signed a deal ... Read the full article

The Hartford acquires specialist MGU Y-Risk

4th December 2018

Property and casualty insurer the Hartford has announced the purchase of Y-Risk, a managing general underwriter (MGU), from Allstar Financial Group. Y-Risk offers products for the sharing and on-demand economy, with tailor-made coverages and usage-based pricing for commercial auto, general liability, property, inland marine, cyber and professional liability. The firm delivers its ... Read the full article

Verisk to acquire Rulebook for $87mn

3rd December 2018

Data analytics provider Verisk has signed a definitive agreement to acquire Rulebook, a provider of business intelligence and software solutions for the London Insurance Market. The reported purchase price is $87 million in cash, funded through cash on hand and existing bank facilities, with the deal expected to close in the ... Read the full article

Arthur J. Gallagher acquires IBS Re Singapore, takes stake in Indonesian broker

3rd December 2018

Arthur J. Gallagher & Co., the U.S. global insurance brokerage and risk management services firm, has acquired 100% of reinsurance broker IBS Re Singapore, in addition to taking a 40% stake in Indonesian broker PT IBS Insurance Broking Service. Based in Jakarta, PT IBS Insurance Broking Service has revenues of over ... Read the full article

AmTrust completes $3bn go-private merger deal with Evergreen

29th November 2018

AmTrust Financial Services, Inc. has completed its previously announced $2.95 billion merger deal with Evergreen Parent L.P., which will see the company go private. Evergreen is an entity formed by private equity funds managed by Stone Point Capital LLC, together with Barry Zyskind, Chairman and Chief Executive Officer (CEO) of ... Read the full article

AmTrust gets regulatory go-ahead for Evergreen merger deal

28th November 2018

AmTrust Financial Services, Inc. has received all necessary regulatory approvals to go ahead with the completion of its previously announced merger deal with Evergreen Parent, L.P., which will see the company go private. Evergreen is an entity formed by private equity funds managed by Stone Point Capital LLC, together with Barry ... Read the full article

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