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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.

Resolution Life acquires Voya Financial’s individual life in-force business

5th January 2021

Resolution Life, a manager of in-force life insurance businesses, has completed its acquisition of Voya Financial's individual life in-force business. The deal sees Voya offload all of its in-force individual life business, including Security Life of Denver Insurance Company, Midwestern United Life Insurance Company and certain other affiliates, as well as ... Read the full article

Ambac Financial Group to acquire 80% of Xchange

5th January 2021

Ambac Financial Group has entered into an agreement to acquire 80% of the membership interests of each of Xchange Benefits and Xchange Affinity Underwriting Agency, collectively Xchange. P&C Managing General Underwriter (MGU) Xchange will continue operating under its existing brand as it seeks to expand its underwriting partnership with its key ... Read the full article

NN Group completes integration of VIVAT non-life business

4th January 2021

Following regulatory approval, Dutch insurer NN Group has completed the integration of VIVAT Non-life into its non-life business unit. NN Group acquired the VIVAT Non-life business as part of a larger transaction that saw Athora purchase VIVAT N.V. from China’s Anbang Group. First announced in June 2019, the deal signalled ... Read the full article

Genworth’s focus shifts to contingency plan as Oceanwide merger stalls

4th January 2021

Genworth Financial and China Oceanwide Holdings Group have revealed uncertainty around the completion of their long-delayed merger agreement, leading mortgage insurer Genworth to focus on its contingency plan. The proposed acquisition of control by Oceanwide of Genworth’s New York-based insurance company, Genworth Life Insurance Company of New York, had initially been ... Read the full article

AJG a good fit for Willis Re if regulators force sale: KBW

4th January 2021

Analysts at KBW have pointed to Arthur J Gallagher as a likely buyer of Willis Re, if the investigation currently being carried out by EU regulators forces Aon and Willis Towers Watson (WTW) to make divestitures ahead of their planned merger. The European Commission (EC) confirmed last month that it ... Read the full article

Constellation acquires Coastal Insurance Underwriters & Cybercom

4th January 2021

Constellation Affiliated Partners has announced the acquisition of Coastal Insurance Underwriters (Coastal) and Cybercom. Through these acquisitions, Constellation hopes to continue to expand its product offerings to the Condominium Association and Homeowner’s Association marketplace. “These new business classes complement many of our existing programs and will provide increased product access to our ... Read the full article

One80 acquires Chicago-based Brokers’ Risk

31st December 2020

One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), and insurance aggregator headquartered in Boston, has announced the acquisition of Brokers’ Risk. Brokers’ Risk is a Chicago-based managing general underwriter that specialises in developing and managing insurance and risk management programs. Founded in 1979, the Brokers’ Risk has offices ... Read the full article

AXA agrees €165mn sale of operations in Greece to Generali

31st December 2020

Global insurer AXA has entered into an agreement with Generali to sell its insurance operations in Greece for a consideration of €165 million. The agreement will see AXA sell its Life & Savings and Property & Casualty businesses in Greece, and is seen as a continuation of the insurance giant's simplification journey, ... Read the full article

AJ Gallagher acquires Harden & Associates in Florida

30th December 2020

International insurance brokerage firm Arthur J. Gallagher & Co. has announced the acquisition of Harden & Associates, Inc., a full-service insurance broker headquartered in Jacksonville, Florida. With additional offices in Amelia Island and Tampa, Harden offers retail property/casualty, employee benefits and related services to businesses and individuals primarily in Florida, In particular, ... Read the full article

Blackstone invests in SUNZ Holdings

30th December 2020

Investment management firm Blackstone Tactical Opportunities has acquired a significant stake in SUNZ Holdings, in order to help fund its continued expansion. SUNZ is a provider of workers compensation insurance and related services such as policy administration, claims administration and customer support. SUNZ has a particular focus on risk sharing programs for ... Read the full article

Sompo International completes DCIS acquisition, rebrands crop unit

30th December 2020

Bermuda-based specialty property and casualty re/insurer Sompo International Holdings Ltd. (SIH) has completed its previously announced acquisition of Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises, Inc. (CGB). DCIS and ARMtech, Sompo International’s existing US federally sponsored multi-peril crop insurer, will now operate under the brand name AgriSompo ... Read the full article

R&Q completes Marilac acquisition

30th December 2020

Randall & Quilter II Holdings Limited, a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has completed the acquisition of Marillac Insurance Company (Marillac), the Cayman captive insurer of Verity Health System of California. The transaction, which has received bankruptcy court and all regulatory approvals, is the second Cayman ... Read the full article

Admiral Group sells price comparison sites to RVU

29th December 2020

Admiral Group has agreed to sell its Penguin Portals business, comprising online comparison portals Confused.com, Rastreator.com and LeLynx.fr, to ZPG Comparison Services Holdings UK Limited (RVU). As part of the transaction, RVU will also acquire tech unit Admiral Technologies, as well as Admiral’s 50% share of Preminen Price Comparison Holdings Limited. Alongside ... Read the full article

Argo to sell Italian operations to Swiss holding company Perfuturo

24th December 2020

Specialty insurer Argo Group has agreed to sell its Italian operations to Perfuturo Capital, a Swiss Holding Company. Perfuturo's purchase of of ArgoGlobal Assicurazioni S.p.A is subject to regulatory approval and expected to occur in early 2021. “We are confident that Perfuturo’s expertise and knowledge of the European market will allow AGA ... Read the full article

R&Q to acquire the Vibe Group

24th December 2020

Randall & Quilter II Holdings Limited, a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has reached an agreement to acquire the entire issued share capital of the Vibe Group. The agreement includes the acquisition of Vibe Services Management Limited, Vibe Corporate Member Limited, and Vibe Syndicate Management Limited. The ... Read the full article

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