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.
Arthur J. Gallagher sets its sights on M&T Insurance Agency
4th October 2022
Re/insurance broking firm Arthur J. Gallagher has announced that it plans to acquire M&T Insurance Agency, a provider of risk management and group benefits consulting services based in Buffalo, NY. The firm said in a statement that it had signed a definitive agreement to acquire the indirect subsidiary of M&T Bank ... Read the full article
Monument Re announces merger of AME Life Luxembourg
3rd October 2022
Monument Re has announced that AME Life Lux S.A. will merge into its subsidiary, Monument Assurance Luxembourg S.A. following receipt of regulatory approval from the Commissariat aux Assurances. Following this merger, Monument Assurance Luxembourg S.A. will be the sole Monument Luxembourg entity. The acquisition of AME Life Lux S.A. was completed ... Read the full article
UniCredit & Allianz “unwind” Croatian shareholdings
3rd October 2022
Italy-based international banking group UniCredit says it has taken further steps to consolidate its partnership with German multinational financial services firm Allianz by “unwinding” their direct and indirect shareholdings in Croatia. To this end, UniCredit has agreed to purchase Allianz’s entire 11.72% stake in Croatian insurance company Zagrebačka banka dioničko društvo ... Read the full article
Trisura Group acquires Sovereign Insurance’s surety business
3rd October 2022
Trisura Group Ltd. a specialty insurance provider, has acquired Sovereign Insurance’s surety business in Canada. The deal will provide Trisura with access to a portfolio of contract, commercial and developer surety accounts, which in 2021 produced an annual premium of over $16 million CAD. Moreover, the acquisition also strengthens Trisura’s surety operation ... Read the full article
AUB Group completes Tysers acquisition
30th September 2022
Australia equity-based insurance broker network AUB Group has completed its acquisition of Tysers. In accordance with the terms of the acquisition and as previously announced, AUB confirmed that it has issued 9,018,974 new shares to Tysers’ former owner, Odyssey Investment Partners. The new shares will be escrowed for a 24-month period. AUB ... Read the full article
One80 acquires Asian American insurer C&M First Services
28th September 2022
One80 Intermediaries, a specialty insurance broker, has acquired C&M First Services, a full-service brokerage firm that provides commercial and personal lines insurance to Asian American retail brokers throughout the United States. According to the announcement, by acquiring C&M First, the company is launching its Asian American distribution practice. The terms of ... Read the full article
Acrisure acquires CRK Commercial Insurance Services
28th September 2022
Global insurance broker and fintech leader, Acrisure has announced its acquisition of CRK Commercial Insurance Services Limited, the specialist commercial schemes provider. The deal is expected to close at the start of October 2022. Established in 2000, CRK is a highly successful broker within the manufacturing and engineering space, under the leadership ... Read the full article
Chedid Capital expands with acquisition of UAE online insurance platform
23rd September 2022
Chedid Direct Limited, a company of Chedid Capital, has announced it has become the majority shareholder of MMR Holding Limited, which is based in the Abu Dhabi Global Market and is the owner of the online insurance platform, BuyAnyInsurance. The transaction offers MMR access to a network of brokers in 60+ ... Read the full article
Underwriters Safety & Claims rebrands as Charles Taylor TPA following acquisition
22nd September 2022
Charles Taylor, an independent global provider of claims solutions, has announced that it has formally rebranded Underwriters Safety & Claims, which will now operate as Charles Taylor TPA. The rebranding follows Charles Taylor’s 2021 acquisition of the national third-party administrator, which expanded helped to expand their Charles Taylor’s management footprint, and ... Read the full article
Howden to acquire French insurance broker Théorème
21st September 2022
International insurance broker, Howden, has agreed to acquire Théorème, a family-owned corporate insurance broker headquartered in Paris. Upon completion, Xavier de Font-Réaulx will serve as General Manager of Théorème, and will report to Nicolas Aubert, CEO France. This acquisition follows Howden’s recent agreement to acquire broker firm CFR, the firm’s first ... Read the full article
European Life Consolidation activity improves after slow start to 2022: Fitch
21st September 2022
According to a report by Fitch Ratings, European life consolidation activity picked up following a slow start to 2022 with four acquisitions announced within less than two months. Of the deals announced, two were in Germany, with one each in the UK and Netherlands. This brings the year-to-date volume by liabilities ... Read the full article
dClimate acquires Oasis Hub to expand climate change datasets
21st September 2022
dClimate has announced it has acquired Oasis Hub, a leading global data platform and aggregator for catastrophe, extreme weather, climate change and environmental risk data. dClimate states that the acquisition of Oasis Hub enables it to bring thousands of environmental and climate datasets, tools, and models on-chain as part of its ... Read the full article
Crum & Forster launches new life insurance business unit
20th September 2022
Property & Casualty (P&C) insurer, Crum & Forster has launched a new life insurance business unit, helping to further build on the organisations 2021 acquisition of Monitor Life Insurance Company of New York. Both the acquisition and launch of a new life insurance business unit will allow the company to continue ... Read the full article
Howden acquires Swiss broker, Born Consulting AG
16th September 2022
International insurance broker Howden, has acquired Swiss Broker, Born Consulting AG. Founded in 2003, Born Consulting is based in Bern, Switzerland and is an independent insurance broker for national and international intermediaries, large companies and the public sector. Born Consulting prides itself on its client experience, as well as its 'entrepreneur for ... Read the full article
Argo syndicate sale could boost earnings, says S&P
9th September 2022
Analysts at S&P have assured that no immediate impact to ratings will be felt following Argo Group International Holdings’ sale of its Lloyd's Syndicate 1200 and Argo Underwriting Agency Ltd. to Westfield Specialty. However, the rating agency added that the transaction could improve Argo’s prospective earnings. Back in April, Argo confirmed ... Read the full article