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.
Marco Capital completes acquisition of Inceptum from R&Q
29th November 2024
European P&C insurance run-off group Marco Capital Holdings Limited has completed its acquisition of Inceptum Insurance Company Limited, a UK non-life insurance company in run-off, from Randall & Quilter II Holdings Ltd. The acquisition was initially announced earlier this year, with reports stating that R&Q would receive £11.25 million from ... Read the full article
IAG to acquire 90% of RACQ’s insurance underwriting business
28th November 2024
Australian insurer IAG is to acquire 90% of RACQ’s existing insurance underwriting business for $855m, under a 25-year exclusive partnership between the two companies. According to the announcement, IAG also has the option to acquire the remaining 10% in two years on similar terms. RACQ Chief Executive Officer David Carter said: RACQ ... Read the full article
Direct Line rejects ‘highly opportunistic’ £3.28bn takeover bid from Aviva
28th November 2024
Direct Line has unanimously rejected Aviva's £3.28 billion ($4.16 billion) 100% acquisition proposal, stating that it does not adequately reflect the firm's standalone value, describing the offer as "highly opportunistic" and not in line with its long-term potential. In a recent announcement, Aviva confirmed that it made a 250-pence-per-share offer on ... Read the full article
AJ Gallagher acquires retail insurance broker Shepard
27th November 2024
Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, has announced its acquisition of Shepard Insurance Group, based in Old Greenwich, Connecticut. Shepard Insurance is a retail insurance brokerage that caters to high-net-worth clients in the Northeast United States and Florida. Steve Shepard, Kyle Shepard, and ... Read the full article
Aon to acquire Mitsubishi Chemical Group’s insurance agency in Japan
27th November 2024
Aon, a global professional services firm, has announced the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), further strengthening the re/insurance broker's risk and health offerings in Japan. The insurance agency, currently operating as part of Dia Rix, MCG’s internal business services ... Read the full article
Bishop Street to acquire MGA Landmark Underwriting
25th November 2024
Bishop Street Underwriters, a multi-boutique insurance platform, has announced that it will acquire Landmark Underwriting, a specialty focused managing general agent (MGA) in the London Insurance market. The financial terms of the acquisition were not disclosed and it is subject to United Kingdom’s Financial Conduct Authority regulatory approval. Landmark Underwriting provides multi-disciplined ... Read the full article
South Korea’s Hanwha Life to acquire majority stake in US-based Velocity Clearing
22nd November 2024
Hanwha Life, a South Korean life insurance company, has agreed to acquire a 75% stake in the parent of Velocity Clearing, an US-based global financial services firm. The Velocity Clearing management team will retain the remaining minority stake in the company. With this acquisition, Hanwha Life will establish a presence in the ... Read the full article
Arthur J. Gallagher & Co. acquire THB Chile
21st November 2024
Re/insurance broker Arthur J. Gallagher & Co. has acquired Santiago-domiciled retail insurance broker THB Chile. The terms of the transaction were not disclosed. The retail insurance broker provides property & casualty, life and health benefits, and reinsurance services to clients throughout Chile. The THB Chile team will be led by Lionel Soffia, ... Read the full article
Optio continues European expansion with completion of Den Hartigh acquisition
21st November 2024
Managing general agent (MGA) Optio Group has completed the acquisition of Netherlands and Brussels based MGA Den Hartigh Beheer & Exploitatie B.V., a specialist in B2B insurance solutions. Established in 1916, Den Hartigh offers a variety of property and casualty insurance products. This includes coverage for land-based equipment, marine assets, and high ... Read the full article
Aon’s NFP acquires certain assets of AnchorGroup
20th November 2024
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has announced the acquisition of certain assets of EBA Services LLC dba AnchorGroup. Kiehl Hutchings from AnchorGroup will join NFP as Vice President of Benefits and will report to Kelly Smith, Senior Vice President of Benefits. Kate Henry, President of ... Read the full article
Technosylva acquires global cat modelling software firm KatRisk
20th November 2024
Technosylva, a provider of wildfire simulation modeller, risk analysis, and operational response software solutions, has acquired global catastrophe modelling software company, KatRisk. The pair will now offer an integrated approach for risk assessment, prediction, and response solutions across wildfires, floods, severe convective storms, and other extreme weather threats. This move aims to ... Read the full article
One80 expands reinsurance offering with MGU Waypoint acquisition
19th November 2024
Specialty insurance broker One80 Intermediaries has acquired Waypoint Underwriting Management, LLC., a specialty reinsurance Managing General Underwriter (MGU) operating primarily in the United States. Terms of the deal were not disclosed. Jason Denechaud, Managing Partner, Waypoint, commented: “One80’s values are closely aligned with our focus on teamwork, transparency, accountability, and respect. ... Read the full article
Davies continues North American expansion with Barker Claim acquisition
19th November 2024
Davies, a specialist professional services and technology business serving the insurance market, has acquired North Carolina-based independent loss adjusting firm Budget Claims Services. With headquarters in Greensboro, Barker Claim Services provides professional claims handling and loss adjusting expertise predominantly across property, casualty and motor claims to insurers, municipalities and self-insured corporates ... Read the full article
Guy Carpenter to acquire remaining 51.5% of Carpenter Turner
19th November 2024
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-domiciled regional reinsurance broking and advisory business. The transaction is expected to close before the end of the year, but the terms were not disclosed. Established in ... Read the full article
Marsh McLennan completes $7.75bn acquisition of McGriff
18th November 2024
Marsh McLennan has completed its acquisition of insurance broking and risk management services provider McGriff Insurance Services, LLC. Founded in 1886, McGriff provides commercial P&C insurance, surety, employee benefits, and personal lines insurance solutions to businesses and individuals across the US. Marsh McLennan initially announced this acquisition in September, stating ... Read the full article
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