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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 International to acquire Lexon Surety Group

4th January 2018

Bermuda domiciled property and casualty reinsurer, Sompo International, has revealed that its U.S. platform has reached an agreement to acquire the operating subsidiaries of Lexon Surety Group LLC. The staff of Lexon and its office locations will be retained under the acquisition, and David Campbell will remain as President of Lexon, and ... Read the full article

SCOR completes acquisition of mutual life/health reinsurer MutRé

3rd January 2018

French reinsurance firm SCOR has said today it has successfully completed its 100% acquisition of MutRé S.A., a reinsurer that SCOR has held a 33% stake in since 1998. SCOR has now acquired 100% of the outstanding shares in MutRé S.A., a mutual reinsurer, established to serve the social economy in ... Read the full article

Armour reveals $500mn investment to fund further P&C run-off growth

3rd January 2018

P&C run-off insurer Armour has announced that it has raised up to $500 million in equity commitments in partnership with an investor group that is led by Aquiline Capital Partners, to fund a new reinsurer, Armour Group Ltd. The new reinsurance group will co-invest in global P&C run-off transactions in parallel ... Read the full article

AmWINS to acquire personal lines specialty MGA Seacoast Brokers

3rd January 2018

Specialty insurer AmWINS Group has reached an agreement to acquire personal lines specialty MGA Seacoast Brokers, LLC, with the transaction due to close following regulatory approval. Steven DeCarlo, Chief Executive Officer of AmWINS, said; “the addition of Seacoast to our AmWINS Access division significantly increases our personal lines products and services. “Seacoast’s ... Read the full article

R&Q acquires Constantia Insurance Company for £1.5mn

2nd January 2018

Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the acquisition of Constantia Insurance Company (Guernsey) Limited, from Old Mutual plc for £1.5 million (US$2mn). R&Q has received regulatory approval to acquire the company, which is now in run-off, and Constantia will be amalgamated into Capstan Insurance Company Limited, R&Q's consolidation vehicle domiciled ... Read the full article

Allianz completes 49% acquisition of UK General Insurer LV

29th December 2017

Allianz has completed its acquisition of a 49% stake in Liverpool Victoria Friendly Society's (LV) UK General Insurance business (LV= GI), and confirmed plans to purchase a further 20.9% stake in the firm in 2019. The Allianz and LV partnership creates the third-largest personal insurer in the UK market, with a ... Read the full article

Mitsui Sumitomo completes purchase of Fairfax’s First Capital interest

28th December 2017

Fairfax Financial Holdings has now completed the sale of its 97.7% interest in First Capital Insurance Limited of Singapore to Mitsui Sumitomo Insurance Company, for a cash purchase price of $1.6 billion. The deal was first announced in August of this year, and has now completed after Mitsui Sumitomo received ... Read the full article

Life Company Consolidation Group to acquire Generali PanEurope

22nd December 2017

Generali has entered into a share purchase agreement to sell its entire shareholding in Generali PanEurope with Life Company Consolidation Group (LCCG) for an initial consideration of EUR 230 million. Frédéric de Courtois, Group Chief Executive Officer, (CEO) Global Business Lines & International, said; “this transaction underscores our ongoing efforts to rationalize ... Read the full article

SOBC Sandell completes sixth & seventh acquisition

21st December 2017

SOBC Sandell has announced that as of December 15th, 2017, it has acquired 100% of the stock of ASAC Inc., PCC and American Staffing Assurance Company of Washington DC, IC (ASCWIC), after receiving regulatory approval for Change of Control in Washington, D.C. The purchase of ASAC PCC and ASCWIC are SOBC ... Read the full article

Market pressures forecast to drive M&A activity in 2018: Clyde & Co

21st December 2017

2017's record-level losses from natural catastrophes and other growing market pressures could act as a catalyst for M&A activity in the U.S. insurance industry next year, according to Clyde & Co. Analysts said M&As had taken something of a back seat in the insurance industry over the last 18 months, but ... Read the full article

Kuvare Life Re in $850mn fixed annuity reinsurance agreement

20th December 2017

Kuvare Holdings has signed a reinsurance agreement to assume $850 million of fixed annuity reserves through its Bermuda subsidiary, Kuvare Life Re (KLR). The reinsurance agreement is in partnership with a leading international insurer and provides financing support for a multi-billion dollar corporate transaction. Kuvare is a re/insurance platform within the U.S. life ... Read the full article

The Navigators to acquire Belgian insurer Assurances Continentales

19th December 2017

The Navigators Group has entered an agreement to purchase all the shares of Belgian specialty insurer Assurances Continentales --  Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM) - a move that will grow the firm's European presence. Navigators has proposed to pay EUR 35 million in cash for ... Read the full article

Mitsui Sumitomo approved to acquire First Capital stake from Fairfax

14th December 2017

Japanese insurance and reinsurance giant Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, has been approved to complete its proposed acquisition of Fairfax Financial Holdings Limited’s 97.7% interest in First Capital Insurance Limited of Singapore. The acquisition was originally announced back in August, as Mitsui Sumitomo and ... Read the full article

SOBC Sandall acquires American Safety Risk Retention Group

6th December 2017

SOBC Sandell has announced the acquisition of 100% of American Safety Risk Retention Group of Vermont as of December 1st, following regulatory approval for Change of Control in Vermont Department of Financial Regulation (DFR). SOBC Sandell said it worked closely with the Vermont DFR on the transaction. Stephanie Mocatta, SOBC Sandell CEO, ... Read the full article

Hyperion gets $400m+ investment from Québec pensions

5th December 2017

International insurance group Hyperion, which counts broking divisions Howden and RKH, and underwriting division DUAL, at its core, has received an investment of over $400 million from pension funds in Québec managed by Caisse de dépôt et placement du Québec (CDPQ). CDPQ is a long-term, institutional investor with a liking for ... Read the full article

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