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.
Ardonagh Advisory to acquire R.K. Henshall
20th August 2024
Ardonagh Advisory, a UK insurance broking and consulting firm, has announced its plan to acquire R.K. Henshall & Co. Limited, a chartered insurance broker based in Sandbach, Cheshire. Founded in 1976, R.K. Henshall & Co. employs 35 people and specialises in commercial insurance, offering premium schemes through its Air Underwriting division. Following ... Read the full article
AUB Group to acquire 80% equity stake in UK insurance broker Movo
19th August 2024
Australian insurance broker AUB Group has entered into an equity partnership with Movo Group, a UK insurance broking business. The transaction is subject to regulatory approval. AUB has agreed to acquire an 80% equity stake in Movo, including: Authorised Representative (AR) network Movo Partnership; equity broking group, Movo Insurance Brokers; and ... Read the full article
Emerald Bay expands tailored insurance solutions with Mainsail acquisition
16th August 2024
Collaborative underwriting carrier Emerald Bay Risk Solutions is set to expand its tailored insurance solutions with the acquisition of P&C insurer Mainsail Insurance Company in a private transaction. Mainsail, previously a 100% reinsured subsidiary of Spinnaker Insurance Company, provides P&C insurance coverage, offering 17 varying lines of insurance, including auto, property, ... Read the full article
Allstate to sell Employer Voluntary Benefits arm to The Standard for $2bn
14th August 2024
US primary insurer Allstate has entered into a definitive agreement to sell its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) for $2 billion in cash, adjusted for the closing balance sheet. The transaction is subject to customary closing conditions and approvals, expected to close in the first ... Read the full article
Howden acquires Help Me Compare Group (ActiveQuote)
12th August 2024
Howden, a global insurance intermediary group, has acquired UK health and life insurance broker, Help Me Compare Group Limited (ActiveQuote) and its subsidiaries (HMCGL), in a move that is set to bolster Howden's position across the health insurance broker market in the UK. Established in 2009 by Richard Theodossiades, HMCGL employs ... Read the full article
Assured Guaranty Municipal Corp. merges into Assured Guaranty
9th August 2024
Assured Guaranty Inc. (AG), a company that offers financial guarantees and credit enhancement products, has completed the merger of Assured Guaranty Municipal Corp. (AGM), with AG as the surviving company. The merger was initially announced on July 8, 2024, and was effective as of August 1, 2024. With the completion of ... Read the full article
DARAG to sell North American & Bermuda business entities to RiverStone
8th August 2024
Legacy acquirer DARAG Group has agreed to sell its North American and Bermuda business entities to the RiverStone Group. According to DARAG, this transaction will simplify its operations, permitting the firm to focus on its core European business. In addition, the deal will bring in additional capital, allowing DARAG to execute ... Read the full article
Arch Insurance acquires Allianz’s US MidCorp and Entertainment insurance businesses
7th August 2024
Arch Insurance North America, part of Arch Capital Group Ltd., has announced its acquisition of Allianz’s U.S. MidCorp and Entertainment insurance businesses. This deal follows Arch Insurance obtaining regulatory approval on 25th July. Almost 500 former Allianz MidCorp and Entertainment employees have joined Arch, ensuring a smooth transition for clients and ... Read the full article
AXA to acquire Gruppo Nobis for €423m
5th August 2024
AXA has entered into an agreement to acquire Gruppo Nobis for an upfront payment of €423 million, with a potential additional earn-out of up to €55 million. Nobis is a predominantly Retail property and casualty (P&C) insurance company in Italy, with a diverse distribution network that includes multi-tied agents and car ... Read the full article
Marsh McLennan Agency completes acquisition of Illinois-based broker Horton
5th August 2024
Marsh McLennan Agency, a subsidiary of Marsh, has completed the acquisition of The Horton Group, Inc., a full-service insurance brokerage based in Illinois, US. Horton, which was founded in 1971, offers property and casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals across Indiana, Illinois, Wisconsin, Minnesota, ... Read the full article
Ambac completes acquisition of Beat Capital Partners
2nd August 2024
Ambac Financial Group has completed its acquisition of Beat Capital Partners, a London-based insurance underwriting and managing general agency (MGA) incubation platform. The acquisition follows an announcement on June 5, 2024, where Ambac disclosed it had signed a definitive agreement to acquire a 60% controlling stake in Beat for approximately ... Read the full article
Ardonagh’s MDS Brazil finalises acquisition of D’Or Consultoria
2nd August 2024
MDS Brazil, a subsidiary of the Ardonagh-owned MDS Group, has finalised the acquisition of D’Or Consultoria, a broker with expertise in health, dental, life insurance, and pensions, which is part of Rede D’Or São Luiz S.A. This acquisition significantly enhances MDS Brazil’s offerings in health and benefits, strengthening its competitive position ... Read the full article
Final agreement reached for Ryan Specialty to acquire US Assure
2nd August 2024
Ryan Specialty, an international specialty insurance intermediary, has announced a definitive agreement to acquire US Assure Insurance Services of Florida, Inc., a Jacksonville-based specialist in builder's risk insurance that will be integrated into Ryan Specialty's Underwriting Managers Specialty division. Founded in 1977, US Assure is a trusted name in the small ... Read the full article
Buruj and MedGulf sign agreement for potential merger
2nd August 2024
Buruj, a multi-line non-life insurance underwriter and insurance group MedGulf, have signed a non-binding Memorandum of Understanding (MOU) to evaluate a potential merger between the two companies. The MOU aims to establish a framework for the strategic transaction through a share exchange offer. “Both companies will conduct financial, tax, legal, and actuarial ... Read the full article
Navigators & General to be acquired by Geo Underwriting
1st August 2024
Geo Underwriting, a division of Ardonagh Advisory that offers diverse insurance solutions, plans to acquire Navigators & General (N&G), a marine insurance provider, from Zurich UK. Established in 1921 by Captain William Coombs, a WWI Veteran and Merchant Navy officer. N&G provides insurance coverage for a range of boats and vessels, as ... Read the full article
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