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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.

Sompo acquires aviation insurer W. Brown

23rd December 2020

Bermuda-based P&C re/insurer Sompo International has acquired W. Brown & Associates Insurance Services (W. Brown), a general aviation insurer. W. Brown has been a managing general underwriter (MGU) for Sompo International (SI) since 2016. Following the acquisition, the W. Brown operations will remain intact and it will become a wholly owned subsidiary ... Read the full article

DARAG acquires motor insurer in Luxembourg

22nd December 2020

Legacy acquirer DARAG Group Limited has completed the acquisition of Arisa Assurances, an automobile and travel insurance company based in Luxembourg. Arisa, which represents DARAG’s first company acquisition in Luxembourg, was previously owned by ADAC Versicherung AG. Its insurance portfolio consists primarily of motor third party liability business, and will be transferred ... Read the full article

EC confirms “in-depth investigation” of Aon / WTW merger

21st December 2020

The European Commission (EC) has now confirmed that it has opened what it calls an "in-depth investigation" of insurance and reinsurance broker Aon's proposed acquisition of rival Willis Towers Watson (WTW). The European Commission (EC) said it will carefully investigate the proposed acquisition and merger to establish whether the combination of ... Read the full article

Specialist Risk Group to be acquired by PE firm HGGC

21st December 2020

Insurance brokerage Specialist Risk Group (SRG) has signed a definitive agreement to be acquired by HGGC, a leading middle-market private equity firm. Under the terms of the agreement, SRG's management team will invest alongside HGGC and continue to hold a significant stake in the business. The deal also sees existing investor, ... Read the full article

Ares wraps up F&G acquisition

21st December 2020

Ares Management and its indirect subsidiary Aspida Holdings have completed the previously-announced acquisition of F&G Reinsurance from FGL. As part of the transaction, Aspida will enter into a strategic flow reinsurance agreement with Bermuda-domiciled life and annuity reinsurer F&G, related to certain annuity products. F&G will continue to operate as a reinsurance ... Read the full article

HCI acquires personal lines business from United (UPC)

17th December 2020

Florida-based insurtech HCI Group has agreed to acquire personal lines insurance business in four northeastern US states from P&C insurer United Insurance Holdings Corp. (UPC). Under the agreement, HCI will provide 69.5% quota share reinsurance on all of United’s in-force, new and renewal policies in Connecticut, Massachusetts, New Jersey, and Rhode ... Read the full article

Aon / WTW divestitures would reduce benefits of merger: KBW

16th December 2020

Following reports that regulators may investigate the merger deal between Aon and Willis Towers Watson (WTW) on anti-trust grounds, analysts at KBW have warned that any resulting divestitures could reduce the benefits of the combination. Sources at Reuters said yesterday that a full-scale review into the $30 billion Aon / ... Read the full article

EU to investigate Aon / WTW merger: reports

15th December 2020

The huge merger deal between brokers Aon and Willis Towers Watson (WTW) is set to undergo an in-depth probe by European Union (EU) regulators due to its complexity, sources have told Reuters. According to these inside sources, the $30 billion deal faces a full-scale review once the European Commission’s preliminary ... Read the full article

LV= in £530mn sale to Bain Capital

15th December 2020

Liverpool Victoria Financial Services (LV=) has reached an agreement to sell itself to private investment firm Bain Capital for £530 million. The acquisition is expected to be completed by the end of 2021 and is subject to the conclusion of the legal process. Alan Cook, Chairman of LV= said its board recognised ... Read the full article

Aon buys 49% stake in Indian broker Anviti

14th December 2020

Global re/insurance broker Aon has acquired a 49% equity stake in Anviti, an India-based provider of reinsurance, insurance broking & risk management insurance services. It's hoped this strategic investment will enable Anviti, a company promoted by institutional investor Catamaran Ventures, to bolster its operations in the country while leveraging support from ... Read the full article

Aviva to sell Vietnam business to Manulife

14th December 2020

London-headquartered insurer Aviva has agreed to sell its life insurance business in Vietnam to Manulife. Aviva Vietnam will be sold for an all cash consideration in a transaction that’s expected to increase the company’s IFRS Net Asset Value and Solvency II surplus by around £100 million. As part of the deal, Manulife ... Read the full article

MetLife agrees $3.9bn sale of US P&C business to Zurich

11th December 2020

Life insurer MetLife has reached an agreement with Zurich, via its subsidiary Farmers Group, over the $3.94 billion sale of its US property and casualty business. This deal, initially reported in November, will see Farmers Group jointly acquire MetLife Auto & Home with the Farmers Exchanges, a group of three ... Read the full article

Oswald and RCM&D launch Unison Risk Advisors

11th December 2020

Independent re/insurance brokerage and risk advisory firms, Oswald Companies and RCM&D, have agreed to strategically merge and launch Unison Risk Advisors. Both firms plan to maintain their independent brands, operations and management, while merging under the umbrella of Unison Risk Advisors, dba of JBO Holding Company, to expand service capabilities and ... Read the full article

Travelers acquires InsuraMatch from Plymouth Rock

9th December 2020

The Travelers Companies has entered an agreement to acquire insurance company InsuraMatch from the Plymouth Rock Group. The transaction, which is subject to customary closing conditions, is expected to close in the first quarter of 2021. The terms of the transaction were not disclosed. InsuraMatch focuses primarily on personal insurance, and offers ... Read the full article

Beach & Associates rebranded to Acrisure

8th December 2020

Beach & Associates, the reinsurance brokerage arm of Acrisure, is to be rebranded as Acrisure Re and Acrisure London Wholesale, the company has announced. The rebrand comes as part of Acrisure’s increasing focus on technology and artificial intelligence, and follows the recent acquisition of AI firm Tulco’s insurance assets. Beach was originally ... Read the full article

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