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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.

Hub International acquires Insurance Center of New England

5th August 2019

Global insurance broker Hub International Limited has acquired Massachusetts-based independent insurance brokerage, Insurance Center of New England, Inc. (ICNE). Terms of the transaction were not disclosed, but it has been announced that President and Chief Executive Officer (CEO) of ICNE, Bill Trudeau will join Hub New England, reporting to Timm Marini, ... Read the full article

National General acquires QBE North America’s National Farmers Union

5th August 2019

National General Holdings Corp. has completed its previously announced acquisition of National Farmers Union Property and Casualty Company (National Farmers Union Insurance) from QBE North America. The purchase price for this deal was $52.8 million subject to customary post-closing adjustments. The firm explains that the change in the closing purchase price ... Read the full article

U.S. Risk announces purchase of U.S. E&O Brokers

2nd August 2019

U.S. Risk, a Property & Casualty wholesaler and Managing General Agent, has announced the acquisition of U.S. E&O Brokers, a wholesale broker and MGA focused on professional lines coverage for insurance agents. U.S. E&O is headquartered in Houston, Texas, but has additional locations in Connecticut, Colorado and New Mexico. The newly-acquired team ... Read the full article

Risk Strategies acquires Reiff & Associates

2nd August 2019

U.S. domiciled insurance broker and risk management firm, Risk Strategies, has acquired full service brokerage Reiff & Associates, for an undisclosed fee. Based in New York City, Reiff & Associates has a focus on risk and insurance for firms in the entertainment sector, offering bespoke solutions for theater, television, film and ... Read the full article

Willis Towers Watson closes $1.3bn TRANZACT acquisition

2nd August 2019

Global re/insurance brokerage Willis Towers Watson (WTW) has announced the completion of its acquisition of TRANZACT, a direct-to-consumer health care organisation. First announced back in April 2019, the deal had originally been valued at $1.2 billion. However, WTW revealed in its second quarter results report that it had amended the earn-out ... Read the full article

Willis Towers Watson acquires specialist M&A broker Risk Capital Advisors

1st August 2019

Willis Towers Watson said this morning that it has acquired Risk Capital Advisors, a leading mergers & acquisitions broking specialist focused on business in Australia, New Zealand and South Africa. Adding to its specialist insurance and reinsurance broking capabilities and broadening its reach globally, has been part of the strategy for ... Read the full article

Markel acquires stake in MGA The Hagerty Group

31st July 2019

Insurer and reinsurer Markel has acquired a minority stake in specialty insurance managing general agent (MGA), The Hagerty Group, for a total consideration of $212.5 million. Markel announced the investment in The Hagerty Group in its second-quarter 2019 earnings release. The Hagerty Group, which was founded in Michigan in 1984, is ... Read the full article

A J Gallagher acquires broker Gillis, Ellis & Baker

30th July 2019

Commercial retail property/casualty broker, Gillis, Ellis & Baker, Inc. has been acquired by global insurance brokerage, Arthur J. Gallagher & Co (A J Gallagher). The New Orleans-based Gillis, Ellis & Baker also offers personal lines and employee benefit services across the Southeastern U.S. Following the acquisition, R. Parke Ellis, W. Anderson Baker ... Read the full article

Kuvare US Holdings set to acquire Lincoln Benefit Life Company

29th July 2019

Kuvare US Holdings, the life insurance and annuity company, has announced that its affiliate, Guaranty Income Life Insurance Company, has entered into an agreement to acquire Lincoln Benefit Life Company (LBL) and its affiliates, subsidiaries of RL LP. The transaction, which is set to close by year-end, will make LBL the ... Read the full article

ACR reignites majority stake sale ambitions: reports

26th July 2019

Singaporean reinsurer ACR Capital Holdings has re-ignited plans for a majority stake sale, with Morgan Stanley having been tasked with facilitating the process, reports DealStreetAsia. ACR operates across 11 countries in Asia and has offered risk solutions in the region since 2006. This process has reportedly been underway for roughly four months ... Read the full article

PSC Group to purchase Lloyd’s broker Paragon for £42m

25th July 2019

Australia-based PSC Insurance Group has announced the acquisition of Paragon International, a Lloyd’s and London market broker, for a base consideration of £42 million. To fund the placement, PSC has completed an institutional share placement of 13,461,538 additional shares at a price of $2.60 per share, raising total gross proceeds of ... Read the full article

Broker consolidation an opportunity for Beazley, says Layton

24th July 2019

Beazley’s global head of broker relations and marketing Lou Ann Layton has spoken of the opportunities inherent to an “undeniable” trend of consolidation currently sweeping the brokerage community. “While some people look at broker consolidation as a threat to the industry, or the underwriting community, Beazley sees it as an opportunity,” ... Read the full article

M&A to accelerate as insurers respond to evolving client demand: Deloitte

23rd July 2019

Analysis by Deloitte claims that the majority of insurers expect that merger and acquisition (M&A) activity will drive more than half of the insurance industry's growth over the next five years. Responses from Deloitte's survey of 200 insurance leaders across the EMEA region shows that 72% of survey respondents expect the ... Read the full article

HDI Global Specialty expands in Sweden with Svedea acquisition

23rd July 2019

HDI Global Specialty SE, a joint venture of reinsurance giant Hannover Re and HDI Global SE, has acquired alternative specialty lines Managing General Agent (MGA) Svedea AB, boosting its presence in Sweden. Svedea is one of the largest insurers of yachts, motorcycles and snowmobiles in the Swedish insurance market, with 250,000 ... Read the full article

DARAG announces second UK acquisition in as many weeks

22nd July 2019

Legacy acquirer DARAG Group is set to acquire The Underwriter Insurance Company, a UK-based insurer in run-off. This move will see DARAG further its expansion into the UK following its purchase last week of London-based non-life reinsurer One Re. The transaction, subject to regulatory approval, will be completed through DARAG Deutsche ... Read the full article

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