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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.

Hudson Structured buys majority stake in Occam

17th August 2021

Specialist lines-focussed managing general agency Occam Underwriting has announced Hudson Structured Capital Management's decision to become a majority shareholder. Additional investment from HSCM, an asset manager specialising in the re/insurance and transportation sectors, is expected to help Occam expand into new lines via new talent acquisitions and upgrades to its various technology platforms. As ... Read the full article

Gallagher acquires majority stake in Brokers’ House

16th August 2021

Insurance broker Gallagher has acquired a majority stake in Brokers’ House, a specialty broker based in Istanbul. This acquisition will be Gallagher’s first direct presence in Turkey and will give the company a footprint in a growing strategic insurance hub between Asia and Europe. This move will see Brokers’ House become part ... Read the full article

AXA Singapore to be acquired by HSBC for $575 million

16th August 2021

Global insurer AXA has entered into an agreement with HSBC Insurance (Asia-Pacific) Holdings Ltd over the sale of AXA Insurance Pte Ltd (AXA Singapore) for a total cash consideration of USD 575 million (€487mn). It was reported back in January that British bank HSBC Holdings was among the shortlisted bidders ... Read the full article

Gallagher to acquire Willis Re’s treaty reinsurance operations

13th August 2021

Arthur J. Gallagher & Co. has announced that it will be acquiring all of Willis Re's treaty reinsurance brokerage operations for an initial gross consideration of $3.25 billion; a figure which could rise by another $750 million dependent on certain third-year revenue targets. After seeing its proposed acquisition of Willis ... Read the full article

European Commission clears VIG Aegon acquisition

13th August 2021

The European Commission has given clearance for Vienna Insurance Group AG Wiener Versicherung Gruppe's (VIG) acquisition of Aegon’s businesses in Central and Eastern Europe. Last year, Aegon, a provider of life insurance, pensions and asset management, reached an agreement to sell its Central and Eastern European operations to VIG for ... Read the full article

DUAL to acquire Align Financial Holdings

12th August 2021

DUAL, the underwriting arm of Howden Group, has reached an agreement to acquire Align Financial Holdings, one of the leading specialist general agency and underwriting management groups in the US. Kieran Sweeney, Founder and CEO of Align, will lead the combined US businesses, supported by Jim O’Connor, CEO of DUAL North ... Read the full article

BMS Re wraps up acquisition of reinsurance broker Trean

11th August 2021

Independent reinsurance broker BMS Re has completed its previously-announced acquisition of Trean Intermediaries, a US-based independent reinsurance broker and services company. BMS Re acquired Trean in full, with staff and infrastructure transferring over. Sean Ryan, President of Trean, will assume the newly created role of Deputy CEO, BMS Re and reports ... Read the full article

IVANS acquires insurtech Ask Kodiak

11th August 2021

IVANS, a division of Applied Systems, has announced its acquisition of Ask Kodiak, an insurtech that offers commercial lines market appetite and search capabilities for the independent agency channel. The acquisition is expected to further enhance IVANS’ commercial lines connectivity solutions, and specifically the IVANS Distribution Platform. IVANS plans maintain Ask Kodiak’s ... Read the full article

Aston Lark acquires Essex Insurance Brokers

11th August 2021

Insurance broker Aston Lark has announced the acquisition of Essex Insurance Brokers, a firm that specialises in the film and visual arts insurance sector. Established in 1964 and based in Hornchurch, Essex Insurance Brokers serves both personal and business clients nationwide and is expected to complement the services of Aston Lark’s ... Read the full article

Brookfield Reinsurance to acquire American National for $5.1bn

9th August 2021

Brookfield Asset Management Reinsurance Partners, which was launched by the alternative asset manager in late 2020, has entered into a definitive agreement to acquire American National Group, Inc. in an all-cash transaction valued at $5.1 billion. Brookfield's recently launched reinsurance business operates as a paired entity to Brookfield, providing shareholders ... Read the full article

Corvus Insurance acquires Wingman tech platform

9th August 2021

Boston-based insurtech firm Corvus Insurance has announced the acquisition of Wingman Insurance, which provides a tech platform for cyber and tech E&O coverage across the US. Wingman, which will retain its independent brand and offering following the acquisition, is expected to enable Corvus to enter the admitted coverage marketplace and increase ... Read the full article

Arch Re completes takeover of Somerset Bridge

6th August 2021

Arch Reinsurance Ltd., the specialty property and casualty reinsurance subsidiary of Bermuda-based Arch Capital Group Ltd., has announced the completion of its acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates (Somerset). First announced in June 2021, the transaction includes Somerset’s motor managing general agent, distribution capabilities ... Read the full article

Aston Lark acquires Plester Group

6th August 2021

Aston Lark, the chartered insurance broker backed by Goldman Sachs, has announced the acquisition of Plester Group. Established in 1964 and based in Kidderminster, Plester is focused on the commercial and personal insurance market. “We’re delighted to welcome Justin and his team to Aston Lark, further strengthening our presence in the Midlands,” ... Read the full article

Jonathan Ritz named CEO of ProSight amid private equity takeover

5th August 2021

Jonathan Ritz has been named as Chief Executive Officer (CEO) of specialty insurer ProSight Global, following the acquisition of the company by investment management specialist TowerBrook Capital Partners and private equity firm Further Global Capital Management. TowerBrook and Further Global recently announced the completion of their takeover, having first agreed ... Read the full article

Moody’s to acquire RMS for $2bn

5th August 2021

Moody's has entered into an agreement to acquire catastrophe risk modelling firm RMS for approximately $2.0 billion from Daily Mail and General Trust. The acquisition will increase Moody’s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the company’s global integrated risk capabilities ... Read the full article

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