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.
Clear Group acquires Irish broker Phelan Caswell Insurances
10th February 2025
Insurance intermediary Clear Group has acquired Dublin-based broker Phelan Caswell Insurances Ltd (PCI), including its financial planning assets. Founded in 1998, PCI - formerly BHP Insurances Ltd - provides comprehensive insurance offerings to over 2500 clients nationwide, specialising in commercial insurance types and sectors such as construction, hospitality and events. PCI has ... Read the full article
Brokerslink grows specialist global network with Wannet Sports addition
7th February 2025
Global broking business, Brokerslink, has added the independent broker and Dutch sports specialist, Wannet Sports Insurance to its network as a new affiliate in The Netherlands. Founded in Arnhem in 1995, the underwriting agency specialises in insuring sports clubs and athletes. Authorized by the Dutch Authority for the Financial Markets (AFM), Wannet ... Read the full article
L&G to sell US insurance entity to Meiji Yasuda for $2.3bn
7th February 2025
Legal & General has agreed to sell its US insurance entity, comprising its US protection and US Pension Risk Transfer businesses, to Meiji Yasuda Life Insurance Company, a Japanese mutual life insurance company, for an equity value of $2.3 billion. Following completion, Meiji Yasuda will reportedly own L&G’s US protection business ... Read the full article
Ryan Specialty completes Velocity Risk acquisition
4th February 2025
Ryan Specialty has completed its previously announced acquisition of Nashville, Tennessee-domiciled Velocity Risk Underwriters, LLC for $525 million from funds managed by Oaktree Capital Management, L.P. The acquisition aims to expand Ryan Specialty’s property catastrophe portfolio as Velocity, a provider of first-party insurance for catastrophe-exposed properties joins the buyer’s Ryan ... Read the full article
Bridge Specialty Group to acquire Nationwide Brokerage Solutions
4th February 2025
Bridge Specialty Group (BSG) has entered into an agreement with Nationwide to acquire NBS Insurance Agency, Inc. (operating as Nationwide Brokerage Solutions or NBS), with the transaction expected to close in March 2025. The deal was announced by Stephen M. Boyd, President of BSG, and Mark Berven, President and Chief Operating ... Read the full article
Gallagher Bassett acquires W K Webster to expand claims management services
4th February 2025
Arthur J. Gallagher & Co., an insurance brokerage and risk management firm, has announced that its claims and risk management subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd (W K Webster), with financial details not disclosed. W K Webster specialises in managing marine and transit claims, offering a ... Read the full article
Miller to acquire specialist reinsurance broker AHJ
3rd February 2025
Independent specialist insurance and reinsurance broker Miller has agreed to acquire AHJ Holdings Ltd (AHJ), the parent company of Alwen Hough Johnson Ltd and AHJ Europe AS. Established in 1973, AHJ is a specialist reinsurance broker led by Gary Masters and employing 90 people across offices in London and Scandinavia. They specialize ... Read the full article
Suncorp completes sale of Asteron Life to Resolution Life
3rd February 2025
Suncorp Group Limited, an Australian primary insurer, has completed the sale of Asteron Life Limited, its New Zealand life insurance business, to Resolution Life NOHC on 31 January 2025. This sale was first announced in April 2024, after Suncorp signed a share sale and purchase agreement with Resolution Life to ... Read the full article
Re/insurance broker Howden in talks to buy Risk Strategies, reports Bloomberg
3rd February 2025
Global insurance and reinsurance broking group Howden is reportedly in talks to acquire US insurance broker and risk management firm Risk Strategies, according to Bloomberg. Talks regarding the acquisition of Risk Strategies, which is ultimately backed by private equity firm Kelso & Co., are ongoing, but sources familiar with the matter ... Read the full article
Allstate sells its Group Health business to Nationwide for $1.25bn
31st January 2025
US primary insurer, The Allstate Corporation, has entered into a definitive agreement to sell its Group Health business to Nationwide for $1.25 billion in cash, adjusted for the closing balance sheet, and subject to standard closing conditions including regulatory approvals. Nationwide stated that this acquisition will serve as a foundation for ... Read the full article
AnaCap acquires majority stake in Edge Group to drive Italian market expansion
30th January 2025
AnaCap, a private equity firm specialising in financial services, technology, and software investments across Europe, has acquired a majority stake in the insurance brokerage firm Edge Group. This investment represents a key milestone for AnaCap’s latest flagship fund and marks its second major platform acquisition in Italy, following the purchase of ... Read the full article
Hedgehog Risk secures investment from SIG Insurance to expand in UK & Europe
29th January 2025
SIG Insurance, part of the Susquehanna, a global quantitative trading and investment firm, has acquired a significant stake in Hedgehog Risk, a provider of specialist sports and prize insurance. According to the announcement, SIG Insurance’s investment will facilitate Hedgehog Risk's expansion across the UK and Europe, allowing the firm to broaden ... Read the full article
Gallagher Bassett expands legal capabilities with acquisition of Caytons
27th January 2025
Gallagher Bassett (GB), a provider of claims and risk management solutions, has strengthened its legal capabilities with the acquisition of Caytons Law LLP (Caytons). This acquisition enhances GB's litigation offerings and complements the existing expertise of its in-house law firm, Strata Solicitors. The combined experience of Caytons and Strata Solicitors brings decades ... Read the full article
Ardonagh acquires stake in Dutch firms PIA & PIN
24th January 2025
Global insurance intermediary The Ardonagh Group's Netherlands arm has reached an agreement to acquire a substantial stake in two key players in the Dutch high-net-worth insurance sector: Private Insurance Assuradeuren B.V. (PIA) and Private Insurance Nederland B.V. (PIN). PIA, a Managing General Agent (MGA), specialises in the creation and distribution of ... Read the full article
SRG to acquire Ecclesia’s assets in Netherlands & Belgium
23rd January 2025
Specialist Risk Group (SRG) is set to acquire Ecclesia Group’s assets in the Netherlands & Belgium in a move that will reportedly see seven businesses and 700 new colleagues across the two countries join SRG. As part of this partnership, Ecclesia Group, Germany’s largest insurance broker for companies and institutions, will ... Read the full article
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