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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.

Apollo reported to target Coface acquisition

22nd July 2019

Private equity firm Apollo Global Management is reportedly in talks with credit insurer Coface regarding a potential acquisition of the business, according to reports from Reuters. Sources confirmed that Apollo had approached Coface with a takeover offer, although discussions remain at a very early stage, with no certainty that they will ... Read the full article

Generali expands in Portugal with €600mn double acquisition from Apollo

19th July 2019

Generali has expanded its presence in Portugal with the acquisition of a local insurance company and service platform from Apollo Global Management, in a deal valued at €600 million. Under the agreement, Generali will acquire 100% of Seguradoras Unidas for €510 million and AdvanceCare for €90 million. Seguradoras Unidas is the second ... Read the full article

DARAG to acquire its first UK firm, One Re

18th July 2019

Legacy acquirer DARAG Group has announced the acquisition of One Re, a London-based non-life reinsurance company. This deal will mark DARAG’s first UK acquisition and follows last year’s €230 million equity funding secured from Aleph Capital and Crestview Partners in an effort to support global growth. “With this transaction, DARAG cements ... Read the full article

Use of transactional risk insurance swelled in 2018: Marsh

17th July 2019

A new report from global re/insurance brokerage Marsh suggests the use of transactional risk insurance underwent a significant increase in 2018. For example, policy limits in excess of $1 billion are now being made available for single transactions as private equity firms and strategic investors increasingly use insurance to reduce the ... Read the full article

Acrisure offers $300m senior debt to fund acquisitions, growth

17th July 2019

US insurance brokerage Acrisure has announced plans to offer approximately $300 million in senior debt. The company intends to use the net proceeds from the offering to fund acquisitions and to pay related fees and expenses. The $300 million aggregate principal amount of senior notes is due 2026. Over the past two years, ... Read the full article

Brown & Brown acquires Innovative Risk and LSI Lender

16th July 2019

Brown & Brown, Inc. subsidiaries, Brown & Brown Metro, LLC and Brown & Brown of Kentucky, Inc., have acquired substantially all of the assets of Innovative Risk Solutions, Inc. (Innovative) and LSI Lender Services, LLC (LSI), respectively. The acquisition of Innovative was announced by Brown & Brown, Inc.'s Chief Acquisitions Officer, ... Read the full article

Risk Strategies acquires trucking and transportation specialist, Winter Group

16th July 2019

U.S. domiciled broker and risk management company, Risk Strategies, has acquired trucking industry-focused specialty insurance program manager, Winter Group, Inc. The takeover adds transportation industry expertise to Risk Strategies' wholesale operations. Winter Group, a transportation wholesaler that provides national insurance solutions for "virtually all facets" of both the trucking and transportation sector, ... Read the full article

B.P. Marsh to acquire 36% stake in Agri Services

15th July 2019

Venture capital provider B.P. Marsh & Partners Plc has announced an investment into Sydney-based holding company Agri Services. The deal will see Marsh acquire a 36% equity stake in Agri for an initial cash consideration of AU$1.47m (£817,000), and further consideration of up to AU$1.13m (£628,000) may become payable. In turn, Agri ... Read the full article

$2bn AMP Life sale to Resolution now “highly unlikely”

15th July 2019

Financial services firm AMP says it's “highly unlikely” the previously-announced sale of its life businesses to Resolution Life will go ahead on the current terms, due to challenges in meeting the condition precedent for Reserve Bank of New Zealand (RBNZ) approval. This condition requires RBNZ approval on a change of ... Read the full article

Arthur J. Gallagher acquires Stonehenge Insurance

11th July 2019

Global insurance brokerage Arthur J. Gallagher & Co. has acquired Florida-based Stonehenge Insurance Solutions, terms of the transaction were not disclosed. Stonehenge offers commercial insurance products and consulting services to Professional Employer Organizations (PEOs) and staffing clients throughout the US. The company’s leadership team, Jeff Rendel, Troy Reynolds, Chris O'Connor and their ... Read the full article

Fairfax’s RiverStone acquires NY-based loss adjuster Rockville

11th July 2019

RiverStone, the insurance run-off management firm owned by Fairfax, has announced the acquisition of Rockville Risk Management and ER Quinn Company. Rockville is a New York-based, privately-owned third-party administrator and loss adjusting company that provides claim services to insurers and reinsurers. Following the acquisition, Rockville will continue to operate as an independent ... Read the full article

Hub International acquires the Crichton Group

10th July 2019

Chicago-based global insurance brokerage Hub International has announced the purchase of The Crichton Group (TCG). TCG is an independent, full-service commercial, employee benefits and personal lines agency based in Nashville, Tennessee. With this acquisition, Hub intends to create a new regional Hub to be called Hub Mid-South, which will include Hub's existing ... Read the full article

Ares launches insurance subsidiary, acquires Pavonia Life

10th July 2019

Alternative asset manager Ares Management Corporation is to expand its existing insurance platform with the launch of Aspida Financial, an indirect subsidiary of Ares. Additionally, Ares has announced the purchase, by Aspida, of Pavonia Life Insurance Company, a Michigan-domiciled insurance company with approximately $1.1 billion of assets and approximately $76 million ... Read the full article

Insurers are showing increasing levels of optimism: Survey

5th July 2019

The quarterly, June 2019 Financial Services Survey from CBI and PwC reveals that insurance companies are increasingly optimistic in light of opportunities to improve customer service and to capitalise on merger and acquisition (M&A) deals. The latest quarterly survey from the pair was conducted between May 14th and June 17th, and ... Read the full article

Hub International acquires Berk Bilgen Insurance

4th July 2019

Chicago-based global insurance broker Hub International has announced the acquisition of Berk Bilgen Insurance (BBI). BBI is an independent insurance brokerage based in Edmonton, Alberta, Canada, offering personal and commercial insurance solutions, including home, auto, life and travel. Within 10 years, BBI has grown considerably under the leadership of Berk and Heather ... Read the full article

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