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.
Swiss Re to sell iptiQ’s Euro P&C business to Allianz Direct
5th November 2024
In line with its strategic decision to withdraw from iptiQ, Swiss Re has agreed to sell the digital insurer's European P&C business to Allianz Direct, the pan-European online insurer of Allianz Group. iptiQ is a carrier based in Luxembourg that partners with other insurers, brokers, banks and consumer brands to deliver ... Read the full article
Ryan Specialty in final talks to acquire Innovisk Capital
4th November 2024
Ryan Specialty, an international specialty insurance services firm, has announced it is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments, LP. Through the acquisition, Innovisk will be integrated into Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty. The acquisition is anticipated to ... Read the full article
Aon to expand presence in UK & Ireland with Griffiths & Armour acquisition
1st November 2024
Global insurance and reinsurance broker Aon has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour, a move that aligns with its UK and Ireland expansion strategy. Upon completion of the transaction, Griffiths & Armour will become wholly-owned by Aon UK Limited and is proposed to go to ... Read the full article
Ardonagh Advisory to acquire Rowett Insurance Broking
1st November 2024
Ardonagh Advisory, a UK insurance broking and consulting firm, has announced its agreement to acquire Rowett Insurance Broking Limited. Rowett specialises in commercial and personal insurance from its offices in St Austell and Plymouth. Its subsidiary, AGRi Insurance Facilities Ltd, focuses on wholesale agricultural insurance, operating from Darlington and St Austell. Upon ... Read the full article
SRG expands equestrian portfolio with Stonehatch acquisition
31st October 2024
Insurance intermediary Specialist Risk Group (SRG), has acquired Stonehatch, a specialist bloodstock and livestock insurance broker, a move that will complement its existing equestrian portfolio. Stonehatch was founded in 2024 by Chris Williamson, since then, the company has built a strong reputation in the bloodstock and livestock sectors, providing insurance solutions ... Read the full article
Rising mergers among German mutual insurers driven by cost pressures, says Berenberg
30th October 2024
An increasing number of German mutual insurers are merging, with a common trend toward greater diversification in business lines and increased scale amid sharply rising IT costs, according to Berenberg analysts. In 2024, four mergers have either been announced or completed among German mutual insurers: Barmenia with Gothaer, Ostangler Brandgilde with ... Read the full article
Clear Group to acquire specialist Lloyd’s broker LPR from B.P. Marsh
29th October 2024
Specialist private equity investor B.P. Marsh & Partners Plc has announced the sale of Lilley Plummer Holdings Limited, the 100% owner of specialist Lloyd’s broker Lilley Plummer Risks Limited (LPR), a marine and property specialist. Clear London Markets Limited, majority owned by Goldman Sachs, has agreed to acquire the ... Read the full article
Lockton enters Indian market with acquisition of Arihant Insurance Broking Services
29th October 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has granted independent insurance broker Lockton regulatory approval for the acquisition of Arihant Insurance Broking Services Limited. Lockton’s strategic expansion into the Indian market aligns with its broader vision to enhance its footprint in key emerging markets, aligning with the company's commitment ... Read the full article
A. J. Gallagher acquires investment consulting firm Redington
25th October 2024
Arthur J. Gallagher & Co. has acquired London-based investment consulting firm Redington. Serving clients primarily in the UK, Redington provides investment, research and technology services to pension funds, wealth managers and institutional investors. Redington's CEO, Sylvia Pozezanac, and her team will reportedly remain in their current location under the guidance of David ... Read the full article
HBC Group acquires reinsurance broker, Genillard & Co.
21st October 2024
Genillard & Co. GmbH, a well-established reinsurance broker operating for over 20 years, has been acquired by HBC Group. This partnership aligns with HBC Group’s strategic plan to strengthen its market presence and expertise in the highly specialised reinsurance sector, enabling it to expand its strategic focus dynamically. Hauke Martinsen, Chief Executive ... Read the full article
Ambac gets shareholder approval for sale of legacy financial guarantee businesses
18th October 2024
Ambac Financial Group, the insurance holding company, has announced that its shareholders have voted to approve the proposed purchase agreement under which funds managed by Oaktree Capital Management LP will acquire its legacy financial guaranty businesses: Ambac Assurance Corporation and Ambac Assurance UK Limited. The deal was first announced in ... Read the full article
McGriff acquisition expected to be modestly accretive in first year: John Doyle, MMC
17th October 2024
During Marsh McLennan's earnings call for the third quarter of 2024, John Doyle, the company's President and CEO, explained that the global broker's $7.75 billion acquisition of McGriff Insurance Services, LLC, is expected to be modestly accretive to adjusted earnings per share, excluding amortisation in year one, and become more ... Read the full article
Lilypad Insurance acquires Centauri Specialty Insurance & Centauri National Insurance
17th October 2024
Lilypad Insurance Holdings has completed its acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company, effective September 30th, 2024, following the receipt of all necessary regulatory approvals. The strategic acquisition aims to strengthen Lilypad Insurance Holdings’ footprint in the coastal property insurance market and leverage Centauri’s extensive industry experience. Established ... Read the full article
SRG launches in APAC and set to acquire Singapore-based HL Suntek
15th October 2024
Specialist Risk Group (SRG), an insurance intermediary majority-owned by Warburg Pincus and Temasek, has announced its expansion into the Asia Pacific (APAC) region and its plans to acquire HL Suntek Insurance Brokers Pte. Ltd. (HL Suntek). Based in Singapore, SRG will closely follow its successful UK business model—an insurance group ... Read the full article
Duck Creek Technologies acquires Risk Control Technologies
14th October 2024
Duck Creek Technologies, a provider of SaaS core systems for the P&C insurance industry, has acquired Risk Control Technologies, Inc. (RCT), a Toronto-based provider of risk management and loss control solutions. According to the announcement, this strategic investment is set to transform how insurance carriers prevent loss and manage risk, enabling ... Read the full article
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