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.
Novatae Risk acquires Bretton Woods International
19th March 2024
Novatae Risk Group, the wholesale insurance brokerage, managing general agency and program manager, has completed its acquisition of Bretton Woods International (BWI) of London, England. BWI is a specialized insurance broker focused on open market and program placements, covering complex contingency, accident & health, cyber, professional liability, management risk, and general ... Read the full article
FWD Group becomes majority stakeholder of FWD Takaful Berhad
18th March 2024
FWD Group Holdings Limited, an Asian insurance company, has completed an additional investment for a further 21% stake in FWD Takaful Berhad, making it the majority shareholder with a 70% holding. The remaining 30% is held by the Employees Provident Fund, while JAB Capital Berhad is no longer a shareholder after ... Read the full article
Amynta Group completes acquisition of MGU Sutton Special Risk
12th March 2024
Insurance services provider, Amynta Group, has completed the acquisition of Toronto-based Sutton Special Risk Inc., a managing general underwriter (MGU) of specialty insurance and reinsurance products. The transaction accelerates Amynta’s growth plans in the Canadian marketplace, and expands its offerings across the accident and health market. Amynta had previously announced its ... Read the full article
James River files suit against Fleming to enforce stock purchase agreement
11th March 2024
James River Group Holdings has filed a complaint in the Supreme Court, New York County, Commercial Division, against Fleming Intermediate Holdings seeking to enforce the terms of a previously agreed stock purchase agreement (SPA) for the sale of its third-party casualty reinsurance business, JRG Re. If you remember, on the ... Read the full article
FTI Consulting acquires Madison Consulting Group
11th March 2024
FTI Consulting, Inc. has announced the acquisition of actuarial consulting firm Madison Consulting Group. FTI Consulting explained that the addition of Madison Consulting Group will expand its property and casualty actuarial and compliance offerings within the Global Insurance Services practice in the Forensic and Litigation Consulting segment. As part of the transaction, ... Read the full article
Aon acquires AI-powered platform to strengthen commercial fleet proposition
7th March 2024
Global re/insurance broker Aon, has acquired Humn.ai's technology assets and intellectual property, in a move that is set to strengthen the firm's commercial fleet proposition. According to Aon, this new capability will provide the company's clients with a real-time view into commercial fleet performance to make better decisions in order to ... Read the full article
Howden acquires specialist performing arts broker Hencilla Canworth
6th March 2024
Howden has acquired Hencilla Canworth GI Ltd, a leading British independent specialist performing arts insurance broker, reportedly adding further scale and product expertise to its Sport and Entertainment division. The addition of Hencilla Canworth follows a series of other recent acquisitions by Howden’s Sport and Entertainment team across Europe, including Read the full article
Talanx completes Liberty Seguros acquisitions to become second-largest P&C insurer in LatAm
6th March 2024
Talanx Group's Retail International Division, headed by HDI International AG, has completed the acquisition of the business of Liberty Seguros in Chile, Colombia and Ecuador, making it the second-largest property and casualty insurer in Latin America. Based on the results for the full 2022 financial year, HDI expects to boost ... Read the full article
Marsh McLennan Agency completes acquisitions of Q&N and Louisiana Companies
5th March 2024
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. With the closing of these acquisitions, MMA said that it has doubled its presence in Louisiana. Kevin Briggs, who was President and COO of Louisiana ... Read the full article
Allianz completes acquisition of Tua Assicurazioni from Generali
5th March 2024
Allianz, a leading insurer and asset manager, has completed the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A., an Italian global insurance and asset management provider. The acquisition was announced in October 2023, and the transaction was completed at a consideration of €280 million. The transaction is in alignement with ... Read the full article
R&Q continues to evaluate options for its Legacy Insurance business
4th March 2024
Global non-life specialty insurer R&Q Insurance Holdings Ltd (R&Q) has confirmed it is still exploring different strategic options for its Legacy Insurance business. However, it anticipates finalising the sale of its Accredited business by the end of the second quarter of 2024. In April 2023, R&Q's Board announced plans to explore ... Read the full article
Aviva to acquire Probitas for £242m
4th March 2024
UK-domiciled insurer Aviva Plc will acquire 100% of Probitas Holdings (Bermuda) Limited, the ultimate holding company of the Probitas Group, for a minimum fixed consideration of £242 million, marking the firm's entry into the Lloyd's market. The transaction includes the acquisition of Probitas’s fully integrated Lloyd’s platform, encompassing its Corporate Member, ... Read the full article
Howden acquires Intersure Group to expand presence in Irish market
29th February 2024
Howden has announced the acquisition of Intersure Group Limited, which is set to further strengthen its ability to service the Irish insurance market. Established in 1999 by Noeleen Butterly, Intersure is an owner-managed business based in Drogheda, Co. Louth. The firm reportedly provides clients with technical insurance advice across commercial, business, ... Read the full article
Direct Line rejects “highly opportunistic” aquisition offer from Ageas
29th February 2024
UK insurer Direct Line Group has rejected Ageas' recently announced offer for the company, labelling it "unattractive" and "highly opportunistic". The firm's Board has now confirmed that on 19 January 2024, it received a highly conditional, non-binding indicative proposal from Ageas to acquire the entire issued and to be issued ... Read the full article
Ageas in preliminary stages of considering possible offer for Direct Line
28th February 2024
Brussels headquartered insurer Ageas has confirmed that it is in the initial stages of considering a possible offer to acquire the entire issued and to be issued share capital of UK insurer Direct Line Insurance Group Plc. According to Ageas, the combination of its UK business with Direct Line's will be ... Read the full article