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.
Davies enhances risk services in North America as Afirm brand retires
14th June 2024
Davies, a provider of professional services and technology for insurance and regulated markets, has announced two senior leadership appointments and the rebranding of Afirm, known for its premium audit, loss control inspection, and risk mitigation services. Afirm will now operate under the Davies name as part of its expansion in the ... Read the full article
Jensten acquires Chris Knott Insurance Consultants
13th June 2024
UK broker and underwriter Jensten has bolstered its London and South East presence through its acquisition of Chris Knott Insurance Consultants, a broker that specialises in both personal and commercial lines. Subject to regulatory approval, the deal will reportedly introduce a dedicated team of 19 professionals, as well as an office ... Read the full article
Liquidation risk for R&Q as Accredited sale discussions continue with Onex
13th June 2024
As R&Q continues progress discussions regarding the sale of Accredited, buyer Onex has proposed an alternative transaction structure to that of the original sale that could be implemented in the event that the original closing conditions were not able to be satisfied. Back in October 2023, the non-life specialty insurer announced ... Read the full article
NSM Insurance acquires Strategic Underwriters International
11th June 2024
NSM Insurance Group, a global specialty insurance provider, has completed the acquisition of Pennsylvania-domiciled, Strategic Underwriters International (SUI), a managing general agent (MGA) in the casualty facultative reinsurance marketplace. SUI offers facultative casualty reinsurance for several lines of business, including General Liability, Automobile Liability, Excess/Umbrella Liability and Workers' Compensation. NSM stated that ... Read the full article
Oxbridge Re considering sale, other strategic alternatives
10th June 2024
Oxbridge Re has announced it is evaluating strategic alternatives to maximise shareholder value, including a possible sale or merger, which could also include its Web-3 division subsidiary SurancePlus Holdings Ltd. The company, together with its subsidiaries, is engaged in the business of tokenized Real-World Assets (RWAs) initially in the form of ... Read the full article
Ardonagh Advisory acquires BP Insurance Brokers
7th June 2024
The SME broking platform of The Ardonagh Group, Ardonagh Advisory, has acquired BP Insurance Brokers (BPIB), a provider of commercial and personal insurance services based the UK. Ardonagh Advisory includes brands such as Bravo Networks, Footman James, Hera Indemnity, Lorega, Towergate, Towergate Health & Protection, Thompson & Bryan, and Usay Compare. Established ... Read the full article
Pen Underwriting expands into Ireland with Wrightway Underwriting acquisition
6th June 2024
Pen Underwriting, an Arthur J. Gallagher & Co. subsidiary, has acquired Wrightway Underwriting Limited, a Republic of Ireland-based MGA that specialises in transportation and haulage, for an undisclosed sum. Based in Wexford, Wrightway is a managing general agent (MGA) providing motor and liability coverages for the haulage and fleet sector across ... Read the full article
Ambac to acquire majority stake in Beat Capital Partners for $282m
5th June 2024
Ambac Financial Group has signed a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners Limited, a London-based insurance underwriting and managing general agency (MGA) incubation platform, for approximately $282 million. As per Ambac, up to $40 million of the total approximation will be paid in shares of ... Read the full article
Chubb to acquire Melbourne-domiciled MGA Catalyst Aviation Insurance
5th June 2024
Global insurer Chubb has entered into a definitive agreement to acquire Catalyst Aviation Insurance, a Melbourne-domiciled managing general agent (MGA) specialising in general aviation insurance for the Australian market. The transaction is expected to be completed on or about the end of June and is subject to regulatory and other closing ... Read the full article
Arch MI completes acquisition of RMIC Companies
4th June 2024
Arch U.S. MI Holdings Inc. (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., has completed it's acquisition of RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation. If you recall, the transaction was first announced in November ... Read the full article
Core Specialty completes acquisition of American Surety Company
4th June 2024
Property and casualty (P&C) insurer Core Specialty has completed its acquisition of American Surety Company (ASC) and Underwriters Surety, Inc. If you recall, the acquisition was first announced in November 2023. The completed acquisition establishes Core Specialty’s 17th specialty business unit, adding to the Bond, Credit & Guarantee subsegment, and also ... Read the full article
Marsh McLennan Agency announces acquisition of Perkins Insurance Agencies
31st May 2024
Marsh McLennan Agency, a subsidiary of Marsh, has acquired Perkins Insurance Agencies, an Abilene, Texas-based independent agency. Established in 1977, Perkins provides commercial property and casualty (P&C) and personal lines coverage to West Texas-based organisations, non-profits, and families, with specialised expertise in the oil and gas, trucking, farm and ranch, and ... Read the full article
Miller acquires Madrid-based commercial re/insurance broker Bruzon
30th May 2024
Independent specialist insurance and reinsurance broker, Miller, has acquired Madrid-based commercial re/insurance broker Bruzon Correduría de Seguros y Reaseguros S.A. and Bruzon Services S.A. (Bruzon), subject to regulatory approval, with the deal expected to complete later this year. This is Miller’s second Continental European acquisition transaction as it continues the expansion ... Read the full article
AUB Group to acquire 70% equity stake in Pacific Indemnity
24th May 2024
AUB Group, the Australian equity-backed insurance broker network, has entered into an agreement to acquire a 70% equity stake in Pacific Indemnity, a specialty underwriting agency based in Australia. According to the announcement, the investment is "highly complementary" as AUB continues to build a portfolio of agencies. It has been confirmed that ... Read the full article
SRG acquired by Warburg Pincus and Temasek to fuel growth
21st May 2024
Insurance industry intermediary Specialist Risk Group (SRG) has announced its acquisition by Warburg Pincus and Temasek. This partnership with these investors aims to support SRG’s growth plans and strategy, with SRG’s management team retaining a significant stake in the company. SRG was founded in January 2020 under the leadership of Group CEO ... 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.
