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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.

Cohen & Co. targets re/insurance & insurtech acquisitions under Butler

20th February 2019

Cohen & Company, LLC, a fixed income financial services specialist with over $3 billion under management, is seeking to raise capital for what is termed a blank check company that will target acquisitions in the insurance, reinsurance and insurtech space under the leadership of John Butler. Cohen & Company hired ... Read the full article

Beecher Carlson acquires retail estate broker Pipino

18th February 2019

Beecher Carlson, a subsidiary of Insurance brokerage Brown & Brown, has acquired certain assets of Donald P. Pipino Company (Pipino). The portion of the Pipino’s operations acquired by Brown & Brown has annual revenues of roughly $11 million. Pipino is a real estate risk management and insurance firm led by Mary Pipino ... Read the full article

Ryan Specialty acquires independent brokerage Myron Steves

18th February 2019

International specialty insurer Ryan Specialty Group has reached an agreement to purchase the assets and operations of Myron F. Steves & Company, a Houston-based independent wholesale insurance brokerage. This deal will see the Myron Steves team integrated into RT Specialty, a wholesale broker unit of Ryan Specialty, expanding the firm’s presence ... Read the full article

POP Insurance partners with Rakuten on Japan M&A offering

18th February 2019

Sydney-based specialist insurance group POP Insurance Holdings and its subsidiary, Fusion Specialty M&A MGA, have entered a strategic partnership with Rakuten General Insurance to focus on mergers and acquisitions (M&A) transactions in Japan. The partnership is offering a full suite of transaction insurance solutions to serve the growing Japanese private equity ... Read the full article

Apollo completes Aspen acquisition

15th February 2019

It's been announced that affiliates of certain Apollo investment funds have completed the previously announced takeover of Aspen Insurance Holdings, following the receipt of regulatory approval. In August 2018, it was revealed that Apollo Funds had entered into a definitive agreement to acquire Bermuda-based insurer and reinsurer Aspen. This was followed by ... Read the full article

Ryan Specialty Group to acquire wholesale broker Westphalen

14th February 2019

Ryan Specialty Group has agreed to acquire the assets and operations of Westphalen Insurance Services Inc., an independently owned wholesale insurance brokerage located in Edmond, Oklahoma. The Westphalen team will become part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, and will establish the company’s presence in Oklahoma. Founded ... Read the full article

M&A surge to diminish amid mounting political uncertainty: Clyde & Co

13th February 2019

The global insurance industry saw Mergers and Acquisitions (M&A) surge 9% in 2018 to 382 deals, marking three consecutive six-month periods of growth for the first time since 2009, according to a report from law firm Clyde & Co. The Americas remained the most active region for M&A with 189 deals ... Read the full article

Ryan Specialty Group to acquire International Specialty Insurance Services

13th February 2019

Ryan Specialty Group has announced that it plans to acquire the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter. Based in Winston-Salem, North Carolina, ISI offers high-value disability and related insurance products to athletes, entertainers, physicians, and other high-earning professionals. Following the acquisition, ISI’s ... Read the full article

USI Insurance Services acquiring broker U.S. Risk

13th February 2019

USI Insurance Services (USI) is set to acquire property and casualty program and specialty brokerage firm U.S. Risk Insurance Group (U.S. Risk) for an undisclosed sum. U.S. Risk said that it has entered into an agreement to be acquired by broker and consultancy USI, resulting in a transaction that is expected ... Read the full article

Howden acquires strategic stake in specialist Malaysian broker

12th February 2019

Howden, the retail broking unit of Hyperion Insurance Group, has agreed to buy a strategic stake in Malene Insurance Brokers, a leading Malaysian independent niche broker in the energy and power sector, according to reports from New Straits Times. Malene will reportedly join Howden’s other Malaysian business, CIMB Howden Insurance Brokers, ... Read the full article

SCOR never had discussions with PartnerRe, affirms CEO Kessler

12th February 2019

Denis Kessler, Chief Executive Officer (CEO) of French reinsurer SCOR, has reaffirmed that the company has never had discussions with Bermudian reinsurer PartnerRe regarding a potential merger scenario. Rumours about a possible combination between the two companies have circulated since SCOR rejected an €8.2 billion takeover bid from Covéa last year ... Read the full article

Munich Re’s ERGO to sell Russian non-life arm to RESO-Garantia

12th February 2019

German reinsurer Munich Re has announced that it intends to sell the Russian non-life re/insurance business of its ERGO International division to Moscow-based insurer RESO-Garantia. The property and casualty (P&C) subsidiary provides a range of insurance solutions both in Russia and internationally, including motor, voluntary health coverage, property, mortgage, travel, accident, ... Read the full article

SCOR ties up sale of Rehalto to Workplace Options

8th February 2019

Following negotiations first announced last September, French reinsurance giant SCOR has finalised the sale of its employee wellness solutions subsidiary, Rehalto, to employee support services provider Workplace Options. Rehalto benefits, along with its clients and employees, from Workplace Options’ global infrastructure, which covers 58 million lives and more than 90,000 organisations ... Read the full article

SCOR-PartnerRe combo could produce top-three reinsurer, say analysts

8th February 2019

A potential merger deal between French reinsurer SCOR and Bermuda-based PartnerRe would make strategic sense for both firms and could produce a combined entity that ranks in the top-three global reinsurers, according to analysts at AlphaValue. Rumours about a potential deal between the companies have been circulating since SCOR rejected an ... Read the full article

AIG to launch LatAm Facultative Desk following Talbot integration

7th February 2019

American International Group (AIG) is to launch AIG Facultative Desk, Latin America after successfully integrating Talbot’s regional facultative underwriting platforms in Miami and Santiago with its regional underwriting team. This unified offering follows AIG’s acquisition of Validus last year, a deal which saw the company gain some attractive and diversified franchises ... Read the full article

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