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.
Aon acquires Tyche actuarial software platform
1st March 2022
Aon plc has acquired actuarial software platform Tyche from technology and software firm RPC Tyche, which will provide re/insurers a single technology platform with the ability to seamlessly integrate capital modelling, pricing and reserving to drive better decision-making across both life and non-life business. Tyche is a specialist in developing customised ... Read the full article
Applied Underwriters acquires Catlin Specialty Insurance Company
1st March 2022
Applied Underwriters is to acquire Catlin Specialty Insurance Company, according to a statement from the former. The deal will see Applied Underwriters purchase the firm from AXA XL and consolidate it within its North American Casualty group of companies. The transaction is set to close in the year’s second quarter after ... Read the full article
Club Vita consolidates UK, US and Canadian ops, forms independent business
1st March 2022
Longevity analytics firm Club Vita has consolidated its operations in the UK, US and Canada under a sole parent company, Club Vita LLP. This merger transfers three separate Club Vita businesses from founders Hymans and Eckler to operate as an independent business. The company uses ZIP codes and other characteristics of the ... Read the full article
Brown & Brown to acquire Orchid & CrossCover
28th February 2022
Global insurance brokerage Brown & Brown has entered into an agreement to acquire Orchid Underwriters Agency and CrossCover Insurance Services. Established in 1998, Orchid is a specialty underwriter of catastrophe-exposed property insurance for homeowners in coastal zones and for high net worth customers. The Orchid management team partnered with industry veteran, Scott ... Read the full article
Travelers acquires assets of insurtech Trōv
25th February 2022
US primary insurer Travelers has acquired assets of Trōv Technology, a provider a software designed to help brands deploy modern P&C insurance solutions in home, renters, auto, pet, small business and mobility. With this transaction, most members of Trōv's team have also joined Travelers, and will be positioned within Travelers' Personal ... Read the full article
Aston Lark Ireland acquires Marine & General Insurances DAC
25th February 2022
Aston Lark Ireland is to acquire Marine & General Insurances DAC. The deal, subject to regulatory approval, is being made for an undisclosed amount and will be the eighth acquisition made by Aston Lark Ireland, following its acquisitions of North County Brokers, O’Loughlin Insurance Group, McMahon Galvin Limited, Brady Burns & ... Read the full article
Number of completed mergers and acquisitions rose in 2021: Clyde & Co.
21st February 2022
The number of completed merger and acquisition deals in the insurance sector last year leaped from 407 to 418, according to Clyde & Co’s latest Insurance Growth Report. The report said that the surge was driven by a particularly strong second half of the year, which saw 221 deals, up from ... Read the full article
Monument Re completes Luxembourg life takeover from Covéa
21st February 2022
Monument Re has announced that its Luxembourg subsidiary, Monument Assurance Luxembourg S.A., has completed the acquisition of AME Life Lux S.A. (AMELL) from Covéa. First announced in May 2021, the transaction received regulatory approval from the Commissariat aux Assurances. AMELL is a Luxembourg-based life insurance company that also maintains a market ... Read the full article
One80 acquires Professional Risk Solutions
18th February 2022
Intermediary firm One80 has bought specialty wholesale brokerage firm Professional Risk Solutions (PRS) for an undisclosed amount. According to a statement from One80, PRS specializes in management liability for non-profit, for-profit, public entities, and publicly traded companies; professional liability, including lawyer’s professional and errors and omissions coverage for technology, architects, and ... Read the full article
Swiss Re acquires Champlain Re in legacy deal
18th February 2022
Reinsurance giant Swiss Re has acquired Champlain Reinsurance Company (Champlain Re), a Swiss based run-off reinsurance captive of Alcan Holdings Switzerland AG, a member of Rio Tinto Alcan, in a legacy transaction. Champlain Re's remaining reinsurance liabilities consist mainly of General Liability and Workers’ Compensation exposures of the Rio Tinto Alcan ... Read the full article
bolttech completes AVA acquisitions
17th February 2022
bolttech has acquired AVA Insurance Brokers and AVA Insurance Agency (AVA), which follows bolttech’s completion of its US$247 million Series A last year, with strategic investors including Singapore’s EDBI. bolttech is based in Singapore and has grown its global footprint to 30 markets since its inception two years ago as part ... Read the full article
Argo finalises sale of Brazilian arm to Spice PE
16th February 2022
Specialty P&C insurer, Argo Group International Holdings, Ltd., has announced the completion of the sale of its Brazilian arm, Argo Seguros Brasil S.A., to Spice Private Equity Ltd. It was revealed in October of last year that Argo and Spice PE, an investment company focused on global private equity investments, ... Read the full article
NN Group and ABN AMRO Bank sell off life insurance subsidiary
15th February 2022
NN Group, ABN AMRO Bank, and their joint venture ABN AMRO Verzekeringen (AAV) are to sell AAV’s life insurance subsidiary to Nationale-Nederlanden Levensverzekering Maatschappij N.V. (NN Life & Pensions). The subsidiary will be integrated into NN Life & Pensions. The intended transaction will have no impact on the services and guarantees ... Read the full article
Allianz SE buys 72% of Greek insurer European Reliance
14th February 2022
Allianz SE is to buy 72% of Greek insurer European Reliance in a deal worth €207m. The deal was said by the insurer to be part of its strategy to grow its franchise. European Reliance is understood to have €223m in gross written premiums, with 110 retail offices and 5,667 agents. European ... Read the full article
Brown & Brown to acquire wholesale broker BdB’s general insurance operations
7th February 2022
Global insurance brokerage Brown & Brown has reached an agreement to acquire the general insurance operating entities of BdB Limited companies, a specialist wholesale broker. Announced today by J. Scott Penny, chief acquisitions officer of Brown & Brown and the management ownership team of BdB, the transaction is expected to close ... Read the full article