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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.

Allianz to acquire five East African P&C insurers in $100mn deal

29th September 2020

Global insurer Allianz has announced a partnership that will see it acquire controlling stakes in five East African general insurance companies, all of which belong to Jubilee Holdings Limited, the region's largest insurance group. The partnership, which has been finalised but still requires regulatory approval, covers the property & casualty segment in Kenya, ... Read the full article

Howden acquires professional indemnity broker St Giles

29th September 2020

Howden Broking Group, an independent insurance and reinsurance broker, has reached an agreement to acquire St Giles Legal & Professional Risks. St Giles is a professional indemnity insurance broker specialising in the UK solicitor space, a market in which Howden is currently a leading provider. The acquisition of St Giles further cements ... Read the full article

Protective to acquire F&I insurer Revolos

28th September 2020

Protective Life Corporation (Protective), a wholly owned US subsidiary of Dai-ichi Life Holdings, Inc., has entered into an agreement to acquire the Revolos family of companies. Headquartered in Atlanta, Georgia, Revolos is a Finance & Insurance (F&I) solutions provider. Protective Asset Protection has been providing F&I solutions to the automotive industry for ... Read the full article

AFG completes Lloyd’s market exit with sale of Neon to RiverStone

28th September 2020

American Financial Group, Inc. (AFG) is set to complete its previously announced exit from the Lloyd's of London re/insurance marketplace via the sale of GAI Holding Bermuda and its subsidiaries, which comprises the legal entities that own its Neon business, to RiverStone Holdings Limited. AFG announced at the start of ... Read the full article

LV= confirms M&A talks with Royal London

28th September 2020

UK insurer Liverpool Victoria Friendly Society (LV=) has confirmed that it is in talks with The Royal London Mutual Insurance Society Limited regarding a possible takeover of LV=. Sources say that the transaction could be worth between £500 million and £1 billion, with the combined entity able to serve nearly 10 ... Read the full article

Senator & Cannae attack CoreLogic in letter to shareholders

25th September 2020

Investors Senator Investment Group LP and Cannae Holdings Inc. have attacked the performance and conduct of catastrophe risk modeller CoreLogic in a letter to shareholders ahead of a meeting to decide on the future of the firm’s Board. Senator & Cannae hope to convince shareholders to replace nine members of ... Read the full article

Allianz & Athora reportedly eyeing Aviva takeover in France

25th September 2020

A consortium of Allianz and life re/insurer Athora Holding is considering a takeover of Aviva’s French business in a deal valued at €2 billion to €3 billion, according to reports from Reuters. Reuters sources said that Aviva has engaged JP Morgan and Rothschild to help offload its life and P&C operations ... Read the full article

Howden to acquire UK personal & commercial lines broker, A-Plan Group

23rd September 2020

Howden Broking Group, an independent insurance and reinsurance broker, has announced an agreement to acquire one of the largest personal and commercial lines insurance brokers in the UK, A-Plan Group, subject to regulatory approval. Once completed, the deal will create one of the largest insurance brokerages in the UK, managing more ... Read the full article

OneBeacon acquires renewal rights for Brit Global Specialty USA portfolio

21st September 2020

OneBeacon Insurance Group, the brand for Intact Financial Corporation's U.S. insurance company subsidiaries, has announced the acquisition of the renewal rights to Brit Global Specialty USA's admitted 'First Dollar Package' Public Entity portfolio. The portfolio acquired in the transaction provides admitted coverage for cities, towns, villages, boroughs, water-sewer utilities and other ... Read the full article

Charles Taylor acquires engineering firm SBSA

21st September 2020

Technology solutions provider, Charles Taylor has announced that it has acquired engineering and architectural firm, Solutions Before Solutions After (SBSA). SBSA specialises in a number of products, including architectural, civil, and structural engineering, construction management, building envelope repair, performance testing, forensic analyses, and litigation support. Although the firm works primarily with clients ... Read the full article

Combined Aon / WTW to foster a new standard of client leadership & innovation

17th September 2020

The "once-in-a-generation" combination of global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), will deliver distinctive client insight, advanced analytical capabilities, and superior outcomes, according to Greg Case, Chief Executive Officer (CEO) of Aon and John Haley, CEO of WTW. Following weeks of speculation, Aon confirmed back in ... Read the full article

Blenheim parent secures £80mn investment from Alchemy

17th September 2020

White Bear Capital, the parent company of Lloyd's syndicate Blenheim, is to receive an investment of £80 million from Alchemy Special Opportunities Fund IV, a closed private equity fund managed by Alchemy Partners. As part of the deal Alchemy will take a substantial stake in the group alongside the staff and existing investor ... Read the full article

Novacap announces acquisition of GroupAssur

17th September 2020

Canadian equity firm, Novacap has announced the acquisition of a majority interest in GroupAssur Inc. GroupAssur is a general agent that specialises in Property and Casualty insurance lines, offering insurance products across Canada. Headquartered in Montreal, GroupAssur provides insurance solutions to its country-wide network of Canadian brokers. Marcel Larochelle, Managing Partner, Financial Services ... Read the full article

CoreLogic rejects second takeover offer from Senator & Cannae

16th September 2020

Property information and analytics provider CoreLogic has rejected a second acquisition offer from investors Senator Investment Group LP and Cannae Holdings Inc. The two investors, who have been moving to replace CoreLogic’s Board following the rejection of their original proposal, revised their offer upwards from $65.00 to $66.00 per ... Read the full article

SRS acquires Dyna Management Services

16th September 2020

Strategic Risk Solutions (SRS) has announced that it will be acquiring the operations of Dyna Management Services Ltd. Dyna is an independently owned insurance management company headquartered in Bermuda. It’s been decided that all staff of Dyna will remain with the firm, including Terence Power, the current CEO and founder of Dyna, ... Read the full article

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