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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 in talks with SoftBank Group over investment stake

8th February 2018

Zurich headquartered reinsurance giant Swiss Re is in talks with Japanese tech conglomerate and telecommunications specialists SoftBank Group over a minority investment in the reinsurer, the company confirmed late yesterday. The Wall Street Journal broke the news, saying that Swiss Re is in advanced talks to sell SoftBank what could be ... Read the full article

Bermuda to attract M&A and start-up activity in 2018: Fitch Ratings

5th February 2018

Fitch expects further Bermuda M&A activity in 2018 as entities seek out ways to manage the challenges of the continued competitive market environment under the additional strain of the recent catastrophe losses. Bermuda market M&A has often centered on non-Bermuda companies buying into Bermuda as a way to deploy capital abroad and ... Read the full article

Optimism over bottoming out of reinsurance rates could be “foolhardy”: A.M. Best

2nd February 2018

Some re/insurance industry experts and analysts have been extolling the much awaited possibility of a bottoming out of the re/insurance pricing cycle after record-setting 2017 losses and ensuing uptick in some January 2018 rates, A.M. Best however called long-term optimism "foolhardy" given the abundant levels of reinsurance capacity. The rating agency ... Read the full article

Bermuda based Armour Group completes acquisition of Elite

1st February 2018

Bermuda based insurer Armour Group has announced the completion of its acquisition of Elite Insurance Company (EIC) and its affiliate Elite Business Development (EBD). Armour affiliate, Armour Risk Management, is set to assume operational management of Elite along with key members of staff with in-depth knowledge of the business. Elite is an ... Read the full article

Monument Re acquires Aspecta Assurance International Luxembourg

30th January 2018

Monument Re has acquired full ownership of Aspecta Assurance International Luxembourg S.A. (Aspecta), a life insurance undertaking based in Luxembourg with branches in Germany, Italy and Spain. The acquisition also includes Aspecta’s 25% stake in Quality Insurance Services Luxembourg S.à r.l., the principal service provider to Aspecta. Manfred Maske, Group Chief Executive Officer ... Read the full article

Japanese E-commerce group Rakuten to acquire Asahi Fire & Marine Insurance

29th January 2018

Japanese e-commerce group Rakuten is set to acquire Tokyo-based Asahi Fire & Marine Insurance after winning a bid of 44.9 billion yen, or $412 million. Rakuten plans to purchase Asahi's stocks from January 30 through March 13 for an offer price of 2,664 yen per share, and 10,656 yen per preferred ... Read the full article

R&Q acquires Connecticut risk retention group auto liabilities

26th January 2018

Randall & Quilter Investment Holdings (R&Q) has announced the acquisition of auto liabilities from a Connecticut domiciled risk retention group (RRG) to R&Q’s wholly owned A- admitted carrier, Accredited Surety and Casualty Company. Ken Randall, Chairman and Chief Executive Officer of R&Q, said; “we are very pleased to announce our first ... Read the full article

AIG seeks more strategic acquisitions, to offset Validus profits against deferred tax: Report

24th January 2018

Insurer American International Group (AIG) has not finished looking for other potential acquisitions, following the announcement of its $5.56 billion acquisition of Validus, according to a report. The FT spoke with AIG CEO Brian Duperreault who told the newspaper that he would continue to look at opportunities. "To ... Read the full article

Analysts’ commentary suggests AIG / Validus deal is positive, overall

23rd January 2018

Insurance and reinsurance market analysts' comments on AIG's proposed $5.56 billion takeover of Validus Holdings underlines a positive stance on the transaction, with AIG making fundamental changes to its commercial P&C segment and maintaining confidence in previous reserve comments. Following the announcement, AIG management held an investor call, during which ... Read the full article

Potential for AIG to expand in new business segments after Validus takeover

22nd January 2018

AIG management has discussed the firm's proposed takeover of Validus Holdings during a recent investor call surrounding the deal, underlining the potential for growth in new business segments supported by Validus' experienced leadership. Following the announcement of a proposed $5.56 billion acquisition of Validus by AIG, the latter's Chief Executive ... Read the full article

AIG to acquire Validus Holdings for $5.56 billion

22nd January 2018

It's been announced that American International Group, Inc. (AIG) will acquire all the outstanding common shares of Validus Holdings, Ltd. for an aggregate transaction value of $5.56 billion, in cash. The deal represents progress in AIG's profitable growth strategy, enhancing the firm's general insurance capabilities, while adding a robust reinsurance underwriter ... Read the full article

RenaissanceRe takes minority shareholding in run-off specialist Catalina

19th January 2018

Bermudian reinsurance firm RenaissanceRe is to make a minority shareholding investment in non-life insurance and reinsurance run-off and consolidation specialist Catalina Holdings. RenaissanceRe will become a minority shareholder in Catalina, with the share investment being made through the reinsurers Ventures unit. Aditya Dutt, President of Renaissance Underwriting Managers, Ltd., will take ... Read the full article

Specialty insurer JenCap Holdings acquires MGA Genesee General

16th January 2018

Specialty insurer JenCap Holdings LLC (JCH) has announced plans to acquire privately-held managing general agency (MGA) and broker, Genesee General. Financial terms for the transaction, which is expected to close this month, were not disclosed. John Jennings, President and Chief Executive Officer (CEO) of JCH, said; "Genesee President Roger Ware has created a leading ... Read the full article

Thomas Miller Specialty in exclusive talks over Navigators’ indemnity unit purchase

16th January 2018

Navigators Management (UK) and Thomas Miller Specialty have entered into exclusive discussions over Thomas Miller Specialty's acquisition of Navigators’ fixed-premium protection and indemnity business. Guy Pierpoint, Chief Executive Officer, Thomas Miller Specialty, said; “This is a logical and progressive step for Thomas Miller Specialty, enabling us to create scale in a ... Read the full article

Davies Group to acquire R&Q unit for £20 million

15th January 2018

Randall & Quilter Investment Holdings (R&Q) has announced the sale of its Insurance Services and Captive Management Operations to consultancy and digital solutions provider Davies Group, at an agreed valuation of £20 million (US$28mn). Davies will pay a net cash consideration, after deducting net debt applicable to the businesses, of approximately £18.6 ... Read the full article

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