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.
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
Howden acquires Allianz Musical Insurance business
1st August 2024
Global insurance intermediary group Howden has announced the acquisition of Allianz UK’s Musical Insurance business, which it will incorporate into its music scheme, Lark Music. Following the transaction, the business’ customer base, marketing and operations teams will transfer into Howden’s Lark Music, which currently primarily services higher value instruments. This acquisition complements ... Read the full article
Miller continues european expansion with 4809 Brokers AG acquisition
1st August 2024
Independent specialist re/insurance broker Miller has announced the acquisition of reinsurance capital advisory business 4809 Brokers AG, its third European acquisition as it continues its expansion in the continent. Miller stated this acquisition is consistent with its reinsurance strategy, which is focused on growth opportunities in the value-add and advisory parts ... Read the full article
H Group Benefits acquired by insurance broker Relation
1st August 2024
Insurance brokerage firm Relation Insurance Services has acquired the assets of H Group Benefits, Inc., a health insurance agency based in Illinois, US. The transaction, which terms were not disclosed, went into effect on June 30, 2024. Tim Hall, Chief Executive Officer for Relation, said: “H Group has an outstanding reputation in ... Read the full article
Brown & Brown to acquire Quintes from Aquiline Capital Partners
29th July 2024
Brown & Brown, Inc. has entered into an agreement to acquire Quintes Holding B.V. (Quintes) from Aquiline Capital Partners, with the deal expected to finalise in the fourth quarter of 2024. Founded in 2012 by Gijsbert van de Nieuwegiessen, Quintes is one of the largest independent insurance brokers in the Netherlands, ... Read the full article
Sixth Street to acquire Enstar in $5.1bn transaction
29th July 2024
Global insurance group Enstar is set to be acquired by existing investor Sixth Street in a $5.1 billion transaction, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the deal. Upon closing of the transaction, Enstar shareholders will receive a total of $338.00 in cash ... Read the full article
BMS to acquire UK insurance broker DR&P from Inflexion
29th July 2024
BMS Group, an independent specialist insurance and reinsurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P), a UK-based insurance broker, from European mid-market private equity firm, Inflexion. Founded in 1977, DR&P has a presence across the UK and Europe, handling more than £620 million in gross ... Read the full article
ILS managers Twelve Capital and Securis to merge
25th July 2024
Insurance-linked securities (ILS) focused independent asset managers, Twelve Capital and Securis Investment Partners, have announced their intention to merge, creating one of the world's largest ILS managers with assets under management of $7.8 billion. The announcement states that shareholders of both ILS investment managers remain fully invested in the combined business, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
