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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.

Allianz expands UK presence with dual acquisitions worth £820m

31st May 2019

Global insurer Allianz is to acquire Legal & General Insurance Limited, the general insurance business of Legal & General Group, in a deal worth £242 million. In addition, Allianz UK has also announced a deal to buy out the remaining 51% stake in LV General Insurance Group for up to £578 ... Read the full article

Monument Re completes Alpha Insurance run-off portfolio acquisition

29th May 2019

Bermuda-based reinsurer Monument Re has completed its previously announced acquisition of a run-off portfolio of traditional life and credit life business from Enstar Group Limited subsidiary, Alpha Insurance S.A. Monument Re's European subsidiary, Monument Assurance Belgium NV has now completed the acquisition of Alpha Insurance S.A., following the receipt of regulatory approval from the ... Read the full article

Generali to sell UK life run-off portfolio to Reinsurance Group of America

24th May 2019

Italian insurer Generali has entered into an agreement with Reinsurance Group of America (RGA) for the sale of the life run-off portfolio of its UK branch. As part of the transaction, Generali has signed a reinsurance contract that will cover all claims payments arising from most of the legacy business, with ... Read the full article

The Hartford completes Navigators takeover

23rd May 2019

The Hartford has closed its previously announced acquisition of The Navigators Group, Inc. for a total price of $2.2 billion in cash, including expenses. The deal, announced in August of 2018, expands The Hartford's product offerings and geographical footprint. Navigators has 22 locations across the U.S. and eight globally, and has roughly ... Read the full article

SCOR grows ILS business with Coriolis Capital acquisition

23rd May 2019

SCOR Investment Partners, the SCOR group’s portfolio management company, has agreed to acquire 100% of the capital of Coriolis Capital Limited, an asset manager specialising in insurance-linked securities (ILS). Whilst SCOR has been active in the alternative capital space for 19 years, having issued its first catastrophe bond in 2000, the ... Read the full article

Closed book deals to drive consolidation in European sector: Moody’s

23rd May 2019

Moody’s Investors Service expects to see further consolidation in the European re/insurance sector, driven in particular by an uptick in closed book deals as low interest rates continue to pressure margins. Analysts noted that low interest rates have pressured margins on UK annuities and German traditional savings products with guaranteed rates. Therefore, ... Read the full article

AnaCap takes majority stake in Danish health insurer SundhedsGruppen

22nd May 2019

AnaCap Financial Partners, a specialist private equity firm focused on investing in the European financial services sector, has announced that is acquiring a majority stake in Danish life insurer SundhedsGruppen. SundhedsGruppen currently provides insurance cover for around 250,000 individuals in Denmark, having grown from a founder-backed start-up in 2012. The company has ... Read the full article

Madison Dearborn & HPS to increase shareholding in Ardonagh

22nd May 2019

Madison Dearborn Partners and HPS Investment Partners have agreed to increase their stake in UK broker The Ardonagh Group, acquiring a total of £92 million of shares. The shares, which were acquired from existing institutional and other minority shareholders, were bought for a price of £1.175 per share, which implies a ... Read the full article

Willis Re & Concirrus partner on specialty re/insurance using IoT

22nd May 2019

The global reinsurance arm of broker Willis Towers Watson, Willis Re, has entered into a strategic partnership with InsurTech firm Concirrus to transform specialty re/insurance products by leveraging data from the Internet of Things (IoT). Under the partnership, Willis Re will join London-based Concirrus' Power20, a community of visionaries who are ... Read the full article

MS Amlin takes minority stake in reinsurance MGA, Envelop Risk

21st May 2019

MS Amlin has announced a minority strategic investment in global specialist reinsurance MGA, Envelop Risk, further strengthening the relationship between the two firms. Envelop Risk combines re/insurance expertise with artificial intelligence-driven cyber risk modelling. The two companies initially entered into a cyber reinsurance partnership in 2018, in a deal that saw ... Read the full article

USA Risk Group completes management buyout from Spencer Capital

20th May 2019

USA Risk Group, the independent captive management firm, has announced that its senior management team has completed a management buyout from Spencer Capital Holdings. The buyout will include operations from all captive jurisdictions USA Risk Group currently operates in. The company also confirmed that the existing management team will remain in place ... Read the full article

Aston Lark acquired by Goldman Sachs

20th May 2019

UK insurance broker Aston Lark has been acquired by the Merchant Banking division of Goldman Sachs. Aston Lark has stated that the deal - expected to close following receipt of approvals from the Financial Conduct Authority and the Central Bank of Ireland, and antitrust approval - will not signal change in ... Read the full article

RenRe optimistic as TMR integration moves to execution

15th May 2019

Integration execution takes centre stage following Bermudian reinsurer RenaissanceRe's (RenRe) $1.5 billion takeover of Tokio Millennium Re (TMR), which completed on March 22nd, 2019. Speaking during the firm's Q1 2019 earnings call, RenRe executives discussed its recently completed acquisition of TMR, underlining a shift from planning to execution. "From my perspective, ... Read the full article

Lee Equity takes majority stake in K2 Insurance Services

15th May 2019

Growth-focused middle market private equity firm, Lee Equity Partners, LLC has agreed to acquire a majority ownership in specialty insurance services holding company, K2 Insurance Services. K2 owns and controls 14 managing general agents (MGAs) that operate in the property and casualty sector. The firm's senior management team, which is led ... Read the full article

Most important wave of consolidation is around the corner: Twelve Capital’s Ramseier

13th May 2019

The next, and arguably the most important wave of insurance and reinsurance industry consolidation is around the corner, according to Urs Ramseier, Twelve Capital, Founding Partner, Chief Executive Officer (CEO) & Chief Investment Officer (CIO). Twelve Capital is a Zurich headquartered insurance and reinsurance linked specialist investment fund, with more than ... Read the full article

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