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.
Bridge Specialty Group takes on assets of American Risk Management Resources Network
17th December 2024
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., along with David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (ARMR), recently announced that Brown & Brown, a national insurance intermediary, Inc.'s subsidiary, Bridge Specialty Group, has acquired the assets of ARMR. ARMR is a ... Read the full article
CRC Group expands binding operations in Southeast through SLB acquisition
16th December 2024
CRC Group, a wholesale specialty insurance distributor in North America, has announced that it has acquired SLB Insurance Group, a binding authority operation with offices located in Florida and Louisiana. Established in 2000, SLB particularly specialises in small to midmarket property and casualty, trucking, and personal lines insurance. The company is led by Darren ... Read the full article
Ageas finalises deal to acquire Saga’s underwriting business
16th December 2024
International insurance group Ageas has announced the successful conclusion of exclusive negotiations with Saga plc, a UK specialist provider of products and services to people aged over 50, for Ageas UK to acquire Saga's insurance underwriting business, Acromas Insurance Company Limited (AICL). The negotiations, which began on October 11, 2024, ... Read the full article
Fairfax acquires OMERS’ Brit investment for $383m
16th December 2024
Canadian financial holding company Fairfax Financial Holdings Limited has increased its ownership interest in specialist insurer Brit Limited to 100% from 86.2%. This was done by acquiring the interest of OMERS, the pension plan for Ontario’s municipal employees, for a cash consideration of approximately $383 million. Fairfax, through its subsidiaries, is primarily ... Read the full article
BMS to acquire Spanish broker Rasher & its LATAM subsidiaries
12th December 2024
Independent specialist insurance and reinsurance broker BMS Group has agreed to acquire Spain-based insurance broker Rasher, and its Latin American subsidiaries in Colombia and Peru, subject to regulatory approvals. According to BMS Group, through this acquisition, Rasher, known for providing surety, credit, and risk management solutions to corporate clients, will accelerate ... Read the full article
Optio acquires Italian MGA Heca
11th December 2024
Specialty MGA Optio Group has advanced its European expansion by completing a strategic investment in the Italian MGA Heca S.r.l., following regulatory approval. Founded in 2010 in Ortona, province of Chieti in Abruzzo, Heca has rapidly grown to become a leading MGA in Italy, Optio stated. Offering a diverse multi-product portfolio and ... Read the full article
Nippon Life to acquire remaining shares in Resolution Life for $8.2bn
11th December 2024
Nippon Life Insurance Company has agreed to consolidate its ownership interest in Resolution Life by acquiring the remaining shares from the firm’s investment limited partnership for $8.2 billion. The transaction values Resolution Life at $10.6 billion, with shareholders also retaining final dividends before completion. According to Resolution Life, this agreement marks the ... Read the full article
Aon’s NFP strengthens West Texas presence with Capstone Strategies acquisition
10th December 2024
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has announced the acquisition of Capstone Strategies, LLC, a property and casualty (P&C) and benefits broker based in Midland, Texas. Blake Johnston and Brandon Sheppard, the founders of Capstone Strategies, will join NFP as senior vice presidents and report ... Read the full article
SRG acquires specialist insurance broker R3
10th December 2024
Specialist Risk Group, an insurance intermediary backed by Warburg Pincus and Temasek, has announced the acquisition of specialist insurance broker, R3. This marks SRG’s eleventh acquisition in 2024, following previous acquisitions which include Stonehatch, Capulus, and Anthony James Insurance Brokers. R3 provides customised insurance solutions to various sectors, including ... Read the full article
AIG closes sale of Corebridge stake to Nippon Life
10th December 2024
Global insurer American International Group, Inc. (AIG) has closed its previously announced sale of approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company. The selling price of the stock, as previously reported, was decided at $31.47 per share, for an aggregate purchase price of $3.8 ... Read the full article
Davies to acquire Premier Claims Management to expand North American claims services
9th December 2024
Davies, a professional services and technology specialist, has announced its acquisition of Premier Claims Management, LLC (PCM), a claims service provider specialising in professional and general liability claims. Based in Santa Ana, California, PCM’s addition strengthens Davies’ North American (NA) services by expanding its professional and general liability claims capabilities and ... Read the full article
Record growth in W&I insurance usage in H1’24: HWF Partners
9th December 2024
The use of warranty and indemnity (W&I) insurance reached record levels in the first half of 2024, with 1,540 policies placed and an increase in claims and payouts, according to a market study by HWF Partners. W&I insurance protects parties in mergers and acquisitions (M&A) transactions from financial loss due to ... Read the full article
Gallagher to acquire AssuredPartners for $13.45bn
9th December 2024
Arthur J. Gallagher & Co. today announced it has signed a definitive agreement to acquire AssuredPartners, a US insurance broker with client capabilities across commercial property/casualty, specialty, employee benefits and personal lines, for a gross consideration of $13.45 billion from GTCR. The transaction is considered the largest sale of a US ... Read the full article
European insurers set for acquisitions in 2025 amid market shifts: Bloomberg Intelligence
6th December 2024
A recent report from Bloomberg Intelligence (BI), the research division of Bloomberg, European general insurers' debt-to-equity ratios indicate that they have the financial capacity to pursue acquisitions in 2025. These acquisitions are expected to focus on strengthening existing market positions, much like the moves made by Generali and Sampo this year. This ... Read the full article
Aviva and Direct Line reach preliminary agreement on takeover deal
6th December 2024
Aviva and Direct Line have announced that they have reached a preliminary agreement on the financial terms of a potential acquisition of Direct Line's entire share capital by Aviva. This newly agreed deal represents a total consideration valued at 275 pence per Direct Line share (£3.6bn), an increase from the 250 ... Read the full article
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