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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.

Canopius wraps up Lloyd’s merger with AmTrust

3rd October 2019

Global specialty re/insurer Canopius Group has completed its previously-announced merger with AmTrust's Lloyd's operations. The merger between Canopius Lloyd’s Syndicate 4444 and AmTrust Syndicate 1861 was first announced back in April and will result in the establishment of a top-five Lloyd’s insurer with combined premiums of roughly £2.2 billion. It is believed ... Read the full article

AmWINS Group to acquire specialty general agent Stealth

2nd October 2019

Global specialty insurance provider AmWINS Group is set to acquire Stealth Partner Group, an Arizona-based general agent specialising in medical stop-loss insurance. Under the terms of the agreement Stealth will combine with AmWINS subsidiary Stop Loss Insurance Services in early 2020. The move is designed to create a premier stop-loss general agency ... Read the full article

Assured Guaranty finalises takeover of BlueMountain

2nd October 2019

Assured Guaranty, the financial guaranty insurer, has announced that its subsidiary, Assured Guaranty US Holdings Inc. (AGUS), has completed the acquisition of alternative asset management firm BlueMountain Capital Management, LLC. The deal closed on substantially the same terms as when it was originally announced in August 2019, for a purchase ... Read the full article

HW Kaufman acquires cyber MGA Node International

30th September 2019

HW Kaufman Group, the parent company of wholesale brokerage and managing general underwriter Burns & Wilcox has acquired Node international, a managing general agent focused on cyber-risk and technology-related insurance solutions. The deal marks the group’s 20th acquisition in nine years and has been described by Chairman, President and Chief Executive ... Read the full article

More industry change in next three years than previous 30, says Hearn

27th September 2019

Chief Executive Officer for BGC Insurance Group, Steve Hearn, is anticipating more change to take place across the re/insurance industry in the next three years than in the previous 30. Speaking recently with Reinsurance News, Hearn added that after 330 years in existence, the industry is undergoing massive, technology-driven changes to ... Read the full article

Risk Strategies acquires safety management firm Pro Safety Services

26th September 2019

US insurance brokerage and risk management firm Risk Strategies has announced that it plans to acquire Pro Safety Services, LLC, a provider of safety and loss control services to construction companies, builders, and other industries. Founded in 1999 by its current president John McCarthy, Pro Safety Services offers a range of ... Read the full article

AXA XL promotes two underwriters within M&A insurance team

26th September 2019

Global re/insurer AXA XL has promoted Michelle Jensen and Pietro Tarone to the roles of senior underwriter and underwriter, within its mergers and acquisitions insurance team, respectively. The promotions of Jensen and Tarone, both of whom will be based in New York, reflect AXA XL’s continued focus on M&A insurance solutions. Jensen ... Read the full article

Everest Insurance announces buyout of Salus Systems

26th September 2019

Everest Insurance, a division of global reinsurer Everest Re Group, has purchased the remaining shares of its joint venture partner Salus Systems. Salus was founded in 2017 and develops and markets ZERO, a collaborative safety management platform for the insurance industry. The interactive platform is designed to enrich the safety environment of ... Read the full article

Price Forbes acquires stake in HK broker Sino

25th September 2019

Independent Lloyd's of London insurance broker Price Forbes has purchased a minority stake in Hong Kong-based Sino Insurance and Reinsurance. Since its founding in 2006, Sino has focused on providing risk management and insurance solutions for Chinese multinational companies’ overseas investments and infrastructure construction, engineering, project management, and various aspects of ... Read the full article

Allianz, MS&AD in mix to buy Aviva’s Asian operations, reports

24th September 2019

Reports have emerged from Reuters claiming that Allianz, Nippon Life and MS&AD are among a dozen companies are actively looking to purchase the Asian operations of UK insurer Aviva. Aviva confirmed earlier this year that it was examining options for a sale of the business as part of a new strategy ... Read the full article

Monument Re completes purchase of Irish insurer Inora Life DAC

24th September 2019

Monument Re has through its European subsidiary Laguna Life d.a.c completed its acquisition of Inora Life DAC, a life insurer domiciled in Ireland, from its owner Societe Generale. Inora Life ceased all new activity in 2012 but still manages a portfolio of unit-linked insurance products. “The acquisition of Inora aligns with our ... Read the full article

Greenlight Re Innovations invests in API-based commercial insurer

19th September 2019

Greenlight Re Innovations, a division of specialist hedge fund-backed property and casualty reinsurer Greenlight Capital Re, has invested in Coterie Applications, a digital managing underwriter focused on the SME commercial insurance market. Greenlight Re Chief Executive Officer Simon Burton explained that the SME commercial space in the US has not yet ... Read the full article

Charles Taylor to accept “compelling” acquisition offer

19th September 2019

Insurance service provider Charles Taylor is expected to accept a £261 million acquisition offer from Jewel Bidco, a company formed on behalf of funds advised by Lovell Minnick Partners LLC and its affiliates. The boards of LMP Bidco and Charles Taylor have reached an agreement on terms that will be put ... Read the full article

Alliant forms new M&A unit, led by Jonathan Gilbert

16th September 2019

Alliant Insurance Services has announced the formation of a new brokerage service vertical that will provide expertise to private equity firms and alternative asset investors. The unit, called Alliant Mergers & Acquisitions, will be led by Senior Vice President Jonathan Gilbert. “In the last decade, there has been considerable investment by private ... Read the full article

Davies Group in first US claims deal with Frontier acquisition

13th September 2019

Operations management, consulting and provider of digital solutions, Davies Group, has announced the acquisition of multi-line independent claims adjusting provider, Frontier Adjusters. The deal is Davies Group's fourth acquisition of 2019 and its first U.S. claims deal. The acquisition sees Frontier form the independent adjusting arm of Davies' new US Claims ... Read the full article

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