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.
Akur8 enhances its actuarial capabilities through Arius acquisition
9th September 2024
Akur8, the AI-driven insurance pricing solution, has acquired Arius, the property & casualty (P&C) reserving software for insurers and reinsurers, owned by Milliman. The Arius software helps insurers manage risk and improve financial performance through it's range of tools and methodologies. Arius reportedly has a strong presence in the United States and ... Read the full article
NFP acquires Scott Litman Insurance Agency, expanding P&C expertise in Southern California
5th September 2024
NFP, a company under Aon and a broker in property and casualty (P&C) insurance, benefits consulting, wealth management, and retirement plan advising, has announced its acquisition of Scott Litman Insurance Agency (SLIA). SLIA, based in Calabasas, California, is a P&C broker with expertise in habitational risk. Scott Litman, President of SLIA, will ... Read the full article
Bishop Street enters Commercial P&C MGA market with Conifer acquisition
5th September 2024
Bishop Street Underwriters, a multi-boutique insurance platform, acquired Conifer Insurance Services, a specialty commercial managing general agency (MGA), from expanding its multiline, differentiated MGA platform, marking its entry into commercial lines. With this acquisition, Bishop Street, owned by RedBird Capital Partners, will also be expanding its multiline, differentiated MGA platform. Conifer manages ... Read the full article
Moody’s adds casualty & liability modeling capabilities with Praedicat acquisition
5th September 2024
Casualty insurance analytics provider, Praedicat, has been acquired by global rating agency Moody's Corporation, building on its acquisition of RMS in 2021 and advancing its investments in new analytics and growth in the casualty marketplace. Terms of the transactions have not been disclosed, but Moody's says that it will not ... Read the full article
SRG acquires specialist motor fleet MGA, Capulus
5th September 2024
Specialist Risk Group (SRG), the insurance intermediary, has acquired Capulus, the specialist motor fleet managing general agent (MGA), based in Wales. According to the announcement, Capulus' team, which consists of 21 colleagues, will join SRG's MGA pillar - MX, which will further enhance SRG's motor fleet capabilities across its Retail, Wholesale, ... Read the full article
EPIC strengthens commercial and private client practices with Phillips Bros. acquisition
4th September 2024
EPIC Insurance Brokers & Consultants (EPIC) has expanded its presence in the midwest of the US with the acquisition of Phillips Bros. Insurance Agency. Based in Chicago, Phillips Bros. is a multi-line firm that focuses on private client and commercial property & casualty solutions. The fifth-generation family-run firm led by father-and-son duo ... Read the full article
Enstar’s “go-shop” period has expired, Sixth Street merger expected to close in mid-2025
4th September 2024
Global insurance group Enstar has announced that its 35-day “go-shop” period, provided with the previously announced definitive merger agreement with Sixth Street, expired on September 2, 2024. The definitive merger agreement involves Sixth Street acquiring Enstar in a $5.1 billion transaction, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, ... Read the full article
The Clear Group expands MGA portfolio with acquisition of Accelerate Underwriting
4th September 2024
The Clear Group, an insurance broker, has announced its acquisition of Accelerate Underwriting, a specialist in the MGA sector, marking The Clear Group’s fourth MGA acquisition, further strengthening its underwriting services for brokers. Founded in 2015, Accelerate Underwriting is a £19 million GWP MGA focused on non-standard, specialised, and niche commercial ... Read the full article
Ryan Specialty to acquire Ethos Specialty’s P&C MGUs from Ascot
3rd September 2024
Ryan Specialty has signed a definitive agreement to acquire the property & casualty (P&C) MGUs owned by Ethos Specialty Insurance, LLC (Ethos P&C) from Ascot Group Limited, with the acquisition expected to close during September 2024. Ethos P&C was founded in 2017 by Ascot Group, and following completion of the acquisition, ... Read the full article
Ryan Specialty to acquire certain assets of MGA Geo Underwriting Europe
3rd September 2024
Ryan Specialty, the international specialty insurer, has signed a definitive agreement to acquire certain assets of the European managing general agent (MGA), Geo Underwriting Europe BV (Geo Europe), which is part of The Ardonagh Group. The company is based in Rotterdam, Netherlands, but also has operations in Germany. The company specialises ... Read the full article
DUAL UK acquires International Passenger Protection
2nd September 2024
DUAL UK, part of the specialist underwriting arm of Howden Group, has announced its acquisition of International Passenger Protection (IPP) in both the UK and Malta, subject to regulatory approval. This acquisition strengthens DUAL UK's position as a key player in the Travel Financial Failure insurance market. Founded in 1990, IPP is ... Read the full article
Rising Edge acquires AMANIKI and launches Transactional Liability insurance offering
2nd September 2024
Rising Edge, a London-based directors’ and officers’ (D&O) Managing General Agent (MGA), and insurance broker, has announced it has signed an agreement to acquire AMANIKI GmbH. AMANIKI is an independent MGA that has been operating since 2019 under the leadership of Niki Demirbilek, who will be joining Rising Edge’s Executive Committee. Its ... Read the full article
Fitch anticipates rise in reinsurance M&A activity as market softens
2nd September 2024
Although 2024 has not seen any major reinsurance M&A announcements, Fitch Ratings expects that as the market inevitably softens and organic growth opportunities diminish, companies that have accumulated capital may seek to acquire less successful re/insurers. Fitch analysts noted that M&A activity has slowed in 2024 following several large deals in ... Read the full article
PCF Insurance announces acquisition of 360 Insurance
23rd August 2024
PCF Insurance Services has acquired the insurance business of 360 Insurance, based in Las Vegas, Nevada. With roots in the Las Vegas Valley, the acquired organisation is licensed to operate across the US. For over 75 years, 360 Insurance, a provider of auto, home, commercial, and life insurance solutions, has been catering to ... Read the full article
SRG bolsters retail business with Anthony James Insurance Brokers acquisition
20th August 2024
Specialist Risk Group (SRG), the insurance intermediary, has acquired Anthony James Insurance Brokers in a move that is set to expand and further strengthen SRG's retail pillar - Specialist Risk Insurance Solutions (SRIS). Subject to regulatory approval, Anthony James becomes SRG’s fifth acquisition since it announced its new investment partners, Warburg ... Read the full article
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