Reinsurance News
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.
GIC completes acquisition of Cinven’s shares in UK broker Miller
28th March 2024
Global investment firm GIC has completed the acquisition of Cinven’s shares in Miller, a transaction that “secures long-term independent future for Miller as a leading specialist broker.” Having announced GIC’s acquisition plans back in December 2023, Miller has undergone a period of significant expansion - driven by both strong organic ... Read the full article
FTI Consulting reports record activity for European insurance M&A
25th March 2024
FTI Consulting has published its European Insurance M&A Barometer Report for 2023, revealing that despite increasing interest rates, the year remained highly active for insurance mergers and acquisitions (M&A) throughout Europe. FTI Consulting highlights a record volume of activity, with a total of 574 insurance M&A deals announced throughout 2023. This ... Read the full article
Optimistic outlook for US insurance M&A market in 2024, says Sidley
22nd March 2024
Sidley Austin, a global law firm, has released its Global Insurance Review, offering an optimistic outlook for the US insurance mergers and acquisitions (M&A) market in 2024 following a challenging year in 2023. According to Sidley's report, the difficulties of 2023 were primarily attributed to slow M&A activity in the P&C ... Read the full article
Ardonagh set to acquire Italian broker Mediass
20th March 2024
The Ardonagh Group has agreed to acquire Mediass, an independent Italian insurance broker. Based in Pescara and founded in 1996, Mediass serves more than 120,000 customers, providing insurance broker services to public enterprises, SMEs, large corporates, and retail clients. Mediass will be acquired by Ardonagh Italia, part of Ardonagh Global Partners, and ... Read the full article
Risk Strategies acquires NA operations of H.W. International B.V.
19th March 2024
Risk Strategies, an international specialty insurance brokerage and risk management firm, has acquired Hugh Wood Inc. (US) and Hugh Wood Canada Limited, the US and Canadian operating entities of global insurance holding company, H.W. International B.V (HWI B.V.). Terms of the deal were not disclosed. Based in New York City, Hugh Wood Inc. provides ... Read the full article
Novatae Risk acquires Bretton Woods International
19th March 2024
Novatae Risk Group, the wholesale insurance brokerage, managing general agency and program manager, has completed its acquisition of Bretton Woods International (BWI) of London, England. BWI is a specialized insurance broker focused on open market and program placements, covering complex contingency, accident & health, cyber, professional liability, management risk, and general ... Read the full article
FWD Group becomes majority stakeholder of FWD Takaful Berhad
18th March 2024
FWD Group Holdings Limited, an Asian insurance company, has completed an additional investment for a further 21% stake in FWD Takaful Berhad, making it the majority shareholder with a 70% holding. The remaining 30% is held by the Employees Provident Fund, while JAB Capital Berhad is no longer a shareholder after ... Read the full article
Amynta Group completes acquisition of MGU Sutton Special Risk
12th March 2024
Insurance services provider, Amynta Group, has completed the acquisition of Toronto-based Sutton Special Risk Inc., a managing general underwriter (MGU) of specialty insurance and reinsurance products. The transaction accelerates Amynta’s growth plans in the Canadian marketplace, and expands its offerings across the accident and health market. Amynta had previously announced its ... Read the full article
James River files suit against Fleming to enforce stock purchase agreement
11th March 2024
James River Group Holdings has filed a complaint in the Supreme Court, New York County, Commercial Division, against Fleming Intermediate Holdings seeking to enforce the terms of a previously agreed stock purchase agreement (SPA) for the sale of its third-party casualty reinsurance business, JRG Re. If you remember, on the ... Read the full article
FTI Consulting acquires Madison Consulting Group
11th March 2024
FTI Consulting, Inc. has announced the acquisition of actuarial consulting firm Madison Consulting Group. FTI Consulting explained that the addition of Madison Consulting Group will expand its property and casualty actuarial and compliance offerings within the Global Insurance Services practice in the Forensic and Litigation Consulting segment. As part of the transaction, ... Read the full article
Aon acquires AI-powered platform to strengthen commercial fleet proposition
7th March 2024
Global re/insurance broker Aon, has acquired Humn.ai's technology assets and intellectual property, in a move that is set to strengthen the firm's commercial fleet proposition. According to Aon, this new capability will provide the company's clients with a real-time view into commercial fleet performance to make better decisions in order to ... Read the full article
Howden acquires specialist performing arts broker Hencilla Canworth
6th March 2024
Howden has acquired Hencilla Canworth GI Ltd, a leading British independent specialist performing arts insurance broker, reportedly adding further scale and product expertise to its Sport and Entertainment division. The addition of Hencilla Canworth follows a series of other recent acquisitions by Howden’s Sport and Entertainment team across Europe, including Read the full article
Talanx completes Liberty Seguros acquisitions to become second-largest P&C insurer in LatAm
6th March 2024
Talanx Group's Retail International Division, headed by HDI International AG, has completed the acquisition of the business of Liberty Seguros in Chile, Colombia and Ecuador, making it the second-largest property and casualty insurer in Latin America. Based on the results for the full 2022 financial year, HDI expects to boost ... Read the full article
Marsh McLennan Agency completes acquisitions of Q&N and Louisiana Companies
5th March 2024
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. With the closing of these acquisitions, MMA said that it has doubled its presence in Louisiana. Kevin Briggs, who was President and COO of Louisiana ... Read the full article
Allianz completes acquisition of Tua Assicurazioni from Generali
5th March 2024
Allianz, a leading insurer and asset manager, has completed the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A., an Italian global insurance and asset management provider. The acquisition was announced in October 2023, and the transaction was completed at a consideration of €280 million. The transaction is in alignement with ... Read the full article
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