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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.

Howden acquires strategic stake in specialist Malaysian broker

12th February 2019

Howden, the retail broking unit of Hyperion Insurance Group, has agreed to buy a strategic stake in Malene Insurance Brokers, a leading Malaysian independent niche broker in the energy and power sector, according to reports from New Straits Times. Malene will reportedly join Howden’s other Malaysian business, CIMB Howden Insurance Brokers, ... Read the full article

SCOR never had discussions with PartnerRe, affirms CEO Kessler

12th February 2019

Denis Kessler, Chief Executive Officer (CEO) of French reinsurer SCOR, has reaffirmed that the company has never had discussions with Bermudian reinsurer PartnerRe regarding a potential merger scenario. Rumours about a possible combination between the two companies have circulated since SCOR rejected an €8.2 billion takeover bid from Covéa last year ... Read the full article

Munich Re’s ERGO to sell Russian non-life arm to RESO-Garantia

12th February 2019

German reinsurer Munich Re has announced that it intends to sell the Russian non-life re/insurance business of its ERGO International division to Moscow-based insurer RESO-Garantia. The property and casualty (P&C) subsidiary provides a range of insurance solutions both in Russia and internationally, including motor, voluntary health coverage, property, mortgage, travel, accident, ... Read the full article

SCOR ties up sale of Rehalto to Workplace Options

8th February 2019

Following negotiations first announced last September, French reinsurance giant SCOR has finalised the sale of its employee wellness solutions subsidiary, Rehalto, to employee support services provider Workplace Options. Rehalto benefits, along with its clients and employees, from Workplace Options’ global infrastructure, which covers 58 million lives and more than 90,000 organisations ... Read the full article

SCOR-PartnerRe combo could produce top-three reinsurer, say analysts

8th February 2019

A potential merger deal between French reinsurer SCOR and Bermuda-based PartnerRe would make strategic sense for both firms and could produce a combined entity that ranks in the top-three global reinsurers, according to analysts at AlphaValue. Rumours about a potential deal between the companies have been circulating since SCOR rejected an ... Read the full article

AIG to launch LatAm Facultative Desk following Talbot integration

7th February 2019

American International Group (AIG) is to launch AIG Facultative Desk, Latin America after successfully integrating Talbot’s regional facultative underwriting platforms in Miami and Santiago with its regional underwriting team. This unified offering follows AIG’s acquisition of Validus last year, a deal which saw the company gain some attractive and diversified franchises ... Read the full article

Japanese insurers to pursue M&A deals in China as regulations change

5th February 2019

Japanese insurance companies are preparing to follow up on recent regulatory changes in China’s financial sector by pursuing a spree of new mergers and acquisitions (M&A) deals in the country, according to sources at Reuters. With $53 billion spent on M&A deals since 2014, Japanese insurers are currently one of the ... Read the full article

The Hartford reveals new operating model for Navigators businesses

5th February 2019

Property and casualty insurer The Hartford has announced a new operating model and organisational structure for its specialty commercial and middle market businesses following the completion of its pending acquisition of The Navigators Group. The new model will integrate Navigators’ operations, as well as The Hartford’s current Specialty Commercial and Middle ... Read the full article

SCOR’s Kessler defends legal actions against Covéa

5th February 2019

Denis Kessler, Chief Executive Officer (CEO) of French reinsurer SCOR, has defended the company’s decision to initiate criminal actions against Covéa and its CEO, Thierry Derez, following the rejection of an €8.2 billion takeover bid last year. The SCOR boss addressed criticism from investors such as Catherine Berjal, CEO of ... Read the full article

Investors question SCOR’s “aggressive” legal dispute with Covéa

4th February 2019

French reinsurer SCOR has faced criticism from activist investors just days after the company announced it intends to initiate criminal actions against Covéa and its CEO, Thierry Derez, following the rejection of an €8.2 billion takeover bid last year. Catherine Berjal, CEO of investment management firm CIAM, penned a letter ... Read the full article

elesco acquires StarStone’s Dubai MGA and Zurich airline & products book

4th February 2019

Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire Malakite Underwriting Partners Ltd., its Dubai-based managing general agent (MGA), as well as the renewal rights to StarStone's Zurich airline & products portfolio. Under the terms of the strategic partnership, StarStone will continue to provide ... Read the full article

Ryan Specialty seals Boston Insurance purchase

1st February 2019

Chicago-based Ryan Specialty Group, having announced the purchase of independent wholesale insurance brokerage Boston Insurance Specialists (BIS) last week for an undisclosed fee, has completed the deal. A family owned business started in 2001 and led by founders Debbie Murphy and Peggy Giancola, BIS’ specialty product solutions include Property, Casualty, Professional ... Read the full article

BGC Partners completes Ed acquisition

1st February 2019

Global broker and financial technology firm BGC Partners has completed its previously-announced acquisition of Ed, the re/insurance brokerage. The deal sees an expansion of BGC’s insurance division which was established last year after it acquired Besso Insurance Group Limited, a Lloyd’s of London broker with operations in the UK, Brazil and ... Read the full article

M&A levels to continue amid adverse market conditions: JMP Securities

1st February 2019

Mergers and acquisitions (M&A) activity is to continue at heightened levels through 2019 as re/insurers try to find opportunities for growth against a backdrop of adverse market conditions, according to analysts at JMP Securities. JMP explained that consolidation would offer an attractive route to growth for many companies due to ongoing ... Read the full article

Covéa board firmly rejects “groundless” SCOR accusations

31st January 2019

After a statement from Covéa this week put an official end to its hopes of successfully navigating a takeover of SCOR, prompting the latter to pursue legal action, the company’s board of directors have firmly rejected what they describe as groundless acquisitions and reaffirmed its unanimous support for ... Read the full article

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