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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.

Risk Strategies acquires Centric Actuarial Solutions

5th August 2021

Risk Strategies has acquired property and casualty actuarial consulting firm Centric Actuarial Solutions. Centric consults clients in a wide variety of industries to help understand and assess their cost of risk, with a focus on organisations employing alternative risk programs and approaches. Its clients include governmental entities, retail and restaurant businesses, self-insured ... Read the full article

Amwins acquires National Truck Underwriting Managers

5th August 2021

Amwins has acquired National Truck Underwriting Managers (NTUM), a truck insurance wholesaler offering access to primary liability, physical damage and motor truck cargo package policies. NTUM will join Amwins' Underwriting Division, and compliment the services of Amwins Transportation Underwriters and working in conjunction with trucking industry specialists within the firm's Brokerage ... Read the full article

McLarens acquires Canadian loss adjuster MGB Claims

4th August 2021

Insurance services provider McLarens is set to acquire MGB Claims, a complex commercial claims adjusting firm based in Canada. Headquartered in Toronto with additional employees in Calgary and Vancouver, MGB Claims’ team consists of 25 adjusters plus additional support personnel. MGB Claims focuses on large and complex claims in Canada and the ... Read the full article

BRP Group completes acquisitions of Founder Shield & Capital Group

4th August 2021

Independent insurance distribution firm BRP Group has announced that its subsidiary, Millennial Specialty Insurance (MSI), has completed its previously announced acquisitions of Founder Shield and The Capital Group. Founder Shield collectively refers to FounderShield LLC, AlphaRoot LLC, ReShield LLC and Scale Underwriting Services LLC, while The Capital Group refers to TCG ... Read the full article

WTW looking at strategic options for Willis Re, confirms CEO Haley

3rd August 2021

John Haley, the Chief Executive Officer (CEO) of global brokerage Willis Towers Watson (WTW), confirmed today that the company is conducting a review of strategic alternatives for its reinsurance arm, Willis Re. Back in May, it was announced that Gallagher had reached an agreement with Aon and WTW to acquire ... Read the full article

Beazley sells benefits business to Globe Life

3rd August 2021

Specialist insurer Beazley has sold its benefits business to Globe Life as the acquirer seeks to enhance its reach in the worksite marketplace. Beazley Benefits specialises in customised supplemental health solutions for the employee benefits market, with a product line that includes Supplemental Medical, Group Limited Indemnity, Critical Illness, Short Term ... Read the full article

Hippo merges with Reinvent in $550mn deal

2nd August 2021

Home insurance group Hippo has completed its previously announced merger with Reinvent Technology Partners Z, a publicly traded special purpose acquisition company. Chief Executive Officer and Co-Founder Assaf Wand, along with the current Hippo management team, will continue to lead the company. Hippo expects to receive more than $550 million in cash ... Read the full article

Aon could have closed WTW deal, but options unappealing: CEO Case

30th July 2021

Global insurance and reinsurance broker Aon could have completed its now terminated $30 billion combination with Willis Towers Watson (WTW), but the two options proposed to close the deal would have been damaging for the firm, according to its Chief Executive Officer (CEO), Greg Case. Aon released its second-quarter 2021 ... Read the full article

Gallagher views M&A a key growth engine despite Aon / WTW deal collapse

30th July 2021

Gallagher’s Chairman, President and Chief Executive Officer J. Patrick Gallagher, Jr. has underlined the broker’s commitment to mergers and acquisitions as a “proven strategic growth engine,” despite the breakdown of its deal with Aon to acquire chunks of rival Willis Towers Watson. His comments came alongside Gallagher’s quarterly results statement, ... Read the full article

Howden expands into Italy, launches start-up platform

29th July 2021

International insurance broker Howden has launched a new business in Italy following the acquisition of broker Andrea Scagliarini SpA (Scagliarini). Establishing operations in Italy is seen as vital to enabling the firm to expand in Europe, enabling them to deliver service to both local and multinational clients. The launch of Howden Italy ... Read the full article

Aon establishes executive committee in client-focused strategic push

28th July 2021

Global re/insurance broker Aon has established a new executive committee intended to help facilitate it in accomplishing the objectives laid out across its four-pronged United blueprint. The motivations driving Aon's United Blueprint include creating new sources of value for clients, delivering more effective client service, driving innovation at scale and ensuring ... Read the full article

Gallagher may still move to acquire WTW, reports

28th July 2021

Re/insurance broker Arthur J Gallagher could still seek an acquisition of all or parts of rival Willis Towers Watson after its deal with Aon fell through this week, according to Bloomberg Intelligence (BI). Gallagher had a $3.6 billion pact to buy several Willis businesses which was dependant on the Aon ... Read the full article

FG New America Acquisition Corp wraps up merger with OppFi

28th July 2021

Reinsurance and investment management firm FG Financial Group has announced the completion of   FG New America Acquisition (FGNA) Corp's previously announced business combination with OppFi. The combination was approved by FGNA’s stockholders and sees the company now operating as OppFi, Inc. OppFi’s Class A common stock and warrants began trading on the ... Read the full article

Peak Re to acquire remaining 50% stake in NAGICO

28th July 2021

Hong Kong headquartered reinsurer, Peak Reinsurance Company Limited (Peak Re), has agreed to acquire the remaining 50% issued share capital of NAGICO Holdings Limited, a leading Caribbean insurance group. Peak Re acquired a 50% stake in the company back in 2016 and this latest transaction is a natural next step, says ... Read the full article

DoJ hails ‘victory for competition’ as Aon CEO laments poor timing

27th July 2021

Attorney General Merrick B. Garland has hailed the breakdown of the proposed combination of Aon and Willis Towers Watson (WTW) as a "victory for competition and for American businesses", as Aon CEO Greg Case notes poor timing and factors outside of their control. After filing a civil antitrust lawsuit to block ... Read the full article

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