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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.

MAPFRE sells Bankia stake to Caixabank in €571m deal

30th December 2021

Spanish insurer MAPFRE has agreed to terminate its bancassurance agreement with Caixabank, following a change in ownership last year. The agreement sees MAPFRE sell its 51% stake Bankia’s insurance business in a deal worth €571 million, with the potential for an additional €52 million from an arbitration process. Caixabank, which took over ... Read the full article

The Ardonagh Group & Mphasis expand digital transformation efforts

30th December 2021

Building on their recently established relationship, The Ardonagh Group and Mphasis, an IT solutions provider specialising in cloud and cognitive services, have agreed to setup a shared service entity for middle and back-office functions while applying digital transformation. Last year, Mphasis entered into a deal with the Specialty Broking Segment of ... Read the full article

Premia targets European run-off growth, completes latest acquisition

29th December 2021

Bermuda domiciled reinsurance run-off group, Premia Holdings has completed the acquisition of Navigators Holdings (Europe) NV and its associated companies from The Hartford. The associated companies included in the acquisition are Assurances Continentales – Continentale Verzekeringen NV of Belgium and Canal Re S.A. of Luxembourg, known collectively as ASCO, both of ... Read the full article

DARAG to acquire Texas-based insurer

29th December 2021

Legacy acquirer DARAG Group has entered into a new agreement to purchase a Texas-based insurer in run-off. DARAG will look to use this insurer as its key US-based carrier to assume previously self-insured risk and other third-party legacy portfolios requiring licensed paper. The transaction, which has received regulatory approval, will also relieve ... Read the full article

Velocity Risk MGA majority stake sold to Oaktree by Nephila

28th December 2021

Nephila Capital, the Markel-owned and largest insurance-linked securities (ILS) fund manager in the market today, has sold a majority shareholding in its managing general agency (MGA) Velocity Risk to private equity and alternatives investor Oaktree Capital Management. Funds under Oaktree's management have acquired the majority of the MGA, leaving Nephila Capital ... Read the full article

The Ardonagh Group acquires Portuguese Lloyd’s broker MDS

24th December 2021

The Ardonagh Group is set to acquire Porto, Portugal-based insurance broker and risk management advisor, MDS Group, through a combination of equity and debt via Ardonagh Overseas Investments Ltd and operate as part of Ardonagh Global Partners. As well as its headquarters in Porto, MDS has offices in Brazil, where it ... Read the full article

VIG and Hungary agree to cooperate on Aegon/Union

23rd December 2021

Vienna Insurance Group (VIG) has reached an agreement with the Hungarian government on the principles of a cooperation and the further course of action regarding insurers Aegon and Union Vienna Insurance Group Biztosító Zrt. Back in September, VIG's proposed acquisition of Aegon’s businesses in Central and Eastern Europe was blocked ... Read the full article

Acrisure acquires the MGA and TPA operations of SUNZ Insurance

23rd December 2021

Acrisure, a fintech company that operates as a global insurance broker, has acquired the Managing General Agency (MGA) and Third-Party Administrator (TPA) operations of SUNZ Insurance, a specialist provider of workers' compensation insurance. Through the acquisition, Acrisure has purchased Next Level Administrators; Watchpoint; Ascential Care partners; Avalon; and Accelevant Premium Audit. For ... Read the full article

Marsh raises stake in Marsh India to 92%

23rd December 2021

Marsh, the global insurance broker, has announced an increase in its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%, following the acquisition of shares from local partners, including the entire shareholding of the Rampant Trust. The increased investment enables Marsh to more effectively meet the complex needs ... Read the full article

Helios acquires three LLVs, securing syndicate capacity of £4.1m

23rd December 2021

Helios, an investment vehicle that acquires and consolidates underwriting capacity at the specialist Lloyd's insurance and reinsurance marketplace, has completed a further three LLV acquisitions. Combined, the three vehicles have been acquired for a total cash consideration of £3.9 million, acquiring syndicate capacity of £4.1 million. The LLV's purchased include Kunduz LLP ... Read the full article

AM Best positive on Covéa’s acquisition of PartnerRe

23rd December 2021

Rating agency AM Best has given an optimistic view on the acquisition of reinsurance company PartnerRe by French mutual insurance group Covéa, saying the diversification is positive for Covéa, while PartnerRe will benefit from increased scale and capital strength. Just last week, EXOR, the Agnelli family owned investment and holding ... Read the full article

Helios issues new shares to fund Exalt acquisition

20th December 2021

Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has acquired the entire issued capital of Exalt Underwriting for £409,550, in line with its strategy of increasing underwriting capacity through acquisitions. £241,792 of the £409,550 has been satisfied by the issue of 141,399 ordinary shares. Application has been made for the ... Read the full article

Argo Group to sell Malta operation to Riverstone

20th December 2021

Argo Group, the US and international focused specialty insurer, has announced an agreement to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd., to legacy and run-off specialist Riverstone Holdings Limited. The ArgoGlobal SE business unit has been unused for a time, as Argo shifted its focus back to the United ... Read the full article

Monument Assurance Belgium completes Integrale acquisition

20th December 2021

Monument Assurance Belgium (MAB), a member of the Monument Re Group, has completed the previously announced acquisition of Integrale's entire insurance portfolio and personnel. The acquisition means that all relevant assets and liabilities of Integrale's balance. With its in-depth expertise of the insurance market, Monument Re will continue expanding the activities ... Read the full article

Gallagher acquires Richied & Associates in Nevada

17th December 2021

Global re/insurance broker Arthur J. Gallagher & Co has announced the acquisition of Reno, Nevada-based Richied & Associates, Inc. Founded in 1999, Richied & Associates is a retail property and casualty insurance agency primarily serving small- to mid-market commercial clients, as well as families and individuals, from offices in Reno and ... Read the full article

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