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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.

Aon confirms consideration to acquire Willis Towers Watson

6th March 2019

Insurance and reinsurance broker Aon has confirmed that it is in the initial stages of considering an offer to acquire Willis Towers Watson (WTW). Reports emerged yesterday that Aon had held preliminary talks with WTW over a potential deal that would see the combination of two of the world's largest ... Read the full article

Aon is considering an offer to buy Willis Towers Watson, reports Bloomberg

5th March 2019

Global insurance and reinsurance broker Aon is reportedly in talks to acquire rival broker Willis Towers Watson (WTW), according to a Bloomberg report, which cites people familiar with the matter. Bloomberg reports that Aon is considering the purchase of WTW, and is preparing to submit an offer in the coming weeks. According ... Read the full article

R&Q completes acquisition of NN Group unit

5th March 2019

Bermudian specialist non-life re/insurance investor Randall & Quilter Investment Holdings Ltd has completed its acquisition of the entire issued share capital of Nationale-Nederlanden Internationale Schadeverzekering SE (NNIS) from its owners, NN Group. NNIS, which will be renamed R&Q Epsilon Company SE following the acquisition, is a UK-based business that was transferred ... Read the full article

Ryan Specialty completes Myron Steves acquisition

4th March 2019

International specialty insurer Ryan Specialty Group has completed its previously-announced agreement to acquire the assets and operations of Myron F. Steves & Company, a Houston-based independent wholesale insurance brokerage. The Myron Steves team has become part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, expanding the company’s presence ... Read the full article

HDI Global Specialty acquires bloodstock team from Neon Underwriting

4th March 2019

HDI Global Specialty, the newly launched collaborative specialty insurance venture between HDI Global and Hannover Re, has acquired a team of four bloodstock underwriters from re/insurer Neon Underwriting. The bloodstock team are active in the Lloyd’s and London markets and write a global book across the UK, U.S, Australia and ... Read the full article

Arthur J. Gallagher to acquire JLT’s aerospace operations

4th March 2019

Arthur J. Gallagher & Co. has announced that it has entered into an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with completion of Marsh and McLennan Companies’ acquisition of ... Read the full article

Generali completes sale of Worldwide & Link units to LCCG

1st March 2019

Italian insurance giant Assicurazioni Generali SpA has completed the sale of its entire holdings in Generali Worldwide Insurance Company Limited and Generali Link to Life Company Consolidation Group (LCCG). Originally announced in July 2018, the transactions form part of Generali Group’s strategy to improve its operational efficiency, while improving capital allocation ... Read the full article

Cincinnati Financial completes acquisition of Munich Re subsidiary

28th February 2019

Cincinnati Financial Corporation has completed its previously announced acquisition of MSP Underwriting Limited from reinsurer Munich Re for £102 million. Following the transaction, MSP Underwriting will become a wholly owned subsidiary of Cincinnati Financial, continuing to operate under its existing leadership team. Based in London, MSP Underwriting operates through Beaufort Underwriting ... Read the full article

Zurich acquires U.S insurtech firm Sea Pine Technologies

26th February 2019

Zurich North America has acquired 100% ownership of Sea Pine Technologies, a U.S insurtech firm that specialises in developing digital applications for the marketing of vehicle protection products. The insurer said the move would enable it to further expand its automotive Finance & Insurance (F&I) products and services for auto dealers ... Read the full article

FedNat to purchase 1347’s insurance operations for $51m

26th February 2019

Florida-based FedNat Holding Company is set to acquire the homeowners insurance operations of 1347 Property Insurance Holdings in a cash and stock transaction valued at approximately $51 million. As per the deal, FedNat will acquire Maison Insurance Company, Maison Managers, Inc., and ClaimCor LLC (collectively, Maison). Maison is a property and casualty ... Read the full article

RTG’s Limehouse acquires Decyber

25th February 2019

Limehouse Agencies, the managing general agency (MGA) subsidiary of RFIB’s Risk Transfer Group Limited (RTG), has acquired the online specialist sport and leisure resilience firm Decyber. This acquisition forms part of RTG’s new corporate strategy first outlined in May 2018 that aims to increase revenue from approximately £50 million to ... Read the full article

SCOR sues Barclays, demands access to Covéa acquisition docs

25th February 2019

French reinsurer SCOR has gone through with it’s plans to prosecute Barclays, who acted as the financial advisor and financing bank to Covéa during its failed attempt to acquire SCOR in 2018, according to reports from the Financial Times. SCOR previously announced that it intended to sue Covéa and its ... Read the full article

Aquiline Capital announces takeover of broker Relation Insurance Services

22nd February 2019

Aquiline Capital Partners LLC, a private equity firm that invests in financial services and technology, has announced that it's to acquire U.S. independent insurance brokerage Relation Insurance Services from private equity firms Parthenon Capital and Century Equity Partners. Founded in 2007, Relation Insurance specialises in numerous industries, including agribusiness, education, employee ... Read the full article

GTCR acquires broker AssuredPartners from Apax VIII

21st February 2019

Apax VIII is to sell its entire stake in U.S. insurance brokerage AssuredPartners to an investor group led by Chicago-based GTCR, which actually owned the broker from its inception in 2011 before its sale to Apax VIII in 2015. The deal reunites previous backer GTCR with AssuredPartners roughly four years after ... Read the full article

Former Aspen CEO to receive $10m bonus following takeover

20th February 2019

Christopher O’Kane, former Head of Aspen Insurance, is to receive a transaction bonus totalling $10 million following the recently-completed acquisition of the company by affiliates of certain Apollo investment funds. O’Kane is reportedly being paid this bonus for his efforts in assisting the company to consummate the deal. Additionally, Group Chief ... Read the full article

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