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.
Clear Group to acquire specialist Lloyd’s broker LPR from B.P. Marsh
29th October 2024
Specialist private equity investor B.P. Marsh & Partners Plc has announced the sale of Lilley Plummer Holdings Limited, the 100% owner of specialist Lloyd’s broker Lilley Plummer Risks Limited (LPR), a marine and property specialist. Clear London Markets Limited, majority owned by Goldman Sachs, has agreed to acquire the ... Read the full article
Lockton enters Indian market with acquisition of Arihant Insurance Broking Services
29th October 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has granted independent insurance broker Lockton regulatory approval for the acquisition of Arihant Insurance Broking Services Limited. Lockton’s strategic expansion into the Indian market aligns with its broader vision to enhance its footprint in key emerging markets, aligning with the company's commitment ... Read the full article
A. J. Gallagher acquires investment consulting firm Redington
25th October 2024
Arthur J. Gallagher & Co. has acquired London-based investment consulting firm Redington. Serving clients primarily in the UK, Redington provides investment, research and technology services to pension funds, wealth managers and institutional investors. Redington's CEO, Sylvia Pozezanac, and her team will reportedly remain in their current location under the guidance of David ... Read the full article
HBC Group acquires reinsurance broker, Genillard & Co.
21st October 2024
Genillard & Co. GmbH, a well-established reinsurance broker operating for over 20 years, has been acquired by HBC Group. This partnership aligns with HBC Group’s strategic plan to strengthen its market presence and expertise in the highly specialised reinsurance sector, enabling it to expand its strategic focus dynamically. Hauke Martinsen, Chief Executive ... Read the full article
Ambac gets shareholder approval for sale of legacy financial guarantee businesses
18th October 2024
Ambac Financial Group, the insurance holding company, has announced that its shareholders have voted to approve the proposed purchase agreement under which funds managed by Oaktree Capital Management LP will acquire its legacy financial guaranty businesses: Ambac Assurance Corporation and Ambac Assurance UK Limited. The deal was first announced in ... Read the full article
McGriff acquisition expected to be modestly accretive in first year: John Doyle, MMC
17th October 2024
During Marsh McLennan's earnings call for the third quarter of 2024, John Doyle, the company's President and CEO, explained that the global broker's $7.75 billion acquisition of McGriff Insurance Services, LLC, is expected to be modestly accretive to adjusted earnings per share, excluding amortisation in year one, and become more ... Read the full article
Lilypad Insurance acquires Centauri Specialty Insurance & Centauri National Insurance
17th October 2024
Lilypad Insurance Holdings has completed its acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company, effective September 30th, 2024, following the receipt of all necessary regulatory approvals. The strategic acquisition aims to strengthen Lilypad Insurance Holdings’ footprint in the coastal property insurance market and leverage Centauri’s extensive industry experience. Established ... Read the full article
SRG launches in APAC and set to acquire Singapore-based HL Suntek
15th October 2024
Specialist Risk Group (SRG), an insurance intermediary majority-owned by Warburg Pincus and Temasek, has announced its expansion into the Asia Pacific (APAC) region and its plans to acquire HL Suntek Insurance Brokers Pte. Ltd. (HL Suntek). Based in Singapore, SRG will closely follow its successful UK business model—an insurance group ... Read the full article
Duck Creek Technologies acquires Risk Control Technologies
14th October 2024
Duck Creek Technologies, a provider of SaaS core systems for the P&C insurance industry, has acquired Risk Control Technologies, Inc. (RCT), a Toronto-based provider of risk management and loss control solutions. According to the announcement, this strategic investment is set to transform how insurance carriers prevent loss and manage risk, enabling ... Read the full article
Ageas in talks to acquire Saga’s underwriting unit and form UK broking partnership
11th October 2024
International insurance group Ageas has confirmed that it has entered into exclusive negotiations to ink two major deals with Saga plc, a UK specialist provider of products and services to people aged over 50. The proposed transaction would see both organisations establish a 20-year partnership for the distribution of personal lines ... Read the full article
Ardonagh completes acquisition of PSC Insurance Group
11th October 2024
The Ardonagh Group has confirmed it has completed the acquisition of PSC Insurance Group Limited. As per the insurance broking platform, the completion of this acquisition in the APAC region sees PSC’s operations in Australia and New Zealand now combined with its platform in the region, The Envest Group, led ... Read the full article
Protective Life Corporation sells Concourse Securities and Concourse Agency
9th October 2024
Protective Life Corporation (Protective), a U.S. subsidiary of Dai-ichi Life Holdings, has entered into agreements to sell Concourse Financial Group Securities (Concourse Securities) and Concourse Financial Group Agency (Concourse Agency). This includes an asset purchase agreement with Cetera Financial Group (Cetera) to acquire Concourse Securities, and a stock purchase agreement with ... Read the full article
Aon’s NFP expands P&C offerings through Miller Insurance Group acquisition
9th October 2024
NFP, a company under Aon and a broker in property and casualty (P&C) insurance, benefits consulting, wealth management, and retirement plan advising, has acquired Richard S. Miller & Sons, Inc. dba Miller Insurance Group (MIG), a P&C and benefits agency with multiple offices in Indiana. Established in 1937, MIG provides commercial ... Read the full article
Optio Group continues European expansion with MGA Heca acquisition
9th October 2024
Optio Group, a specialty Managing General Agent (MGA), has acquired a strategic investment in Italian MGA Heca S.r.l. (Heca) for an undisclosed amount. This move aligns with Optio’s strategy to expand across Europe and reflects its confidence in Heca’s potential for future growth. Founded in 2010 in Ortona, Italy, Heca has quickly ... Read the full article
Brown & Brown acquires Minnesota-based The Canopy Group
4th October 2024
Insurance brokerage firm, Brown & Brown has announced one of its subsidiaries has acquired the assets of The Canopy Group, a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. Situated in Le Sueur, Minnesota, The Canopy Group caters to the needs of over ... Read the full article
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