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.
Lombard International rebrands to Axcelus Financial following BroadRiver acquisition
23rd January 2024
Lombard International US & Bermuda has announced that it is rebranding to Axcelus Financial after getting acquired by an affiliate of specialised asset management firm BroadRiver Asset Management, L.P. The firm explained that as it embarks on a new chapter as Axcelus Financial, it will "continue to be a leader" in ... Read the full article
Harford Mutual expands national footprint with merger of Clearpath Specialty
18th January 2024
Property and casualty insurer Harford Mutual Insurance Group has expanded its national footprint after the successful merger of Clearpath Specialty, formerly known as ClearPath Mutual Insurance Company, into the Group. The merger officially took effect on August 4, 2023, marking a milestone in Harford Mutual's 181-year-old history. ClearPath Mutual is a ... Read the full article
Tangram Insurance expands into reinsurance brokerage with acquisition of Preferred Re
18th January 2024
Independent managing general agency and program manager, Tangram Insurance Services, Inc., has acquired Preferred Reinsurance Intermediaries, marking its expansion into the reinsurance brokerage market. Founded in 1983, Preferred Re is a reinsurance broker and consultant working with companies of all sizes. The company has three main practice areas: traditional reinsurance placements, ... Read the full article
UK financial services M&A activity sees fall in 2023: EY
18th January 2024
Financial services M&A activity in the UK saw a 9% fall in 2023, with 273 deals recorded in the year compared to 301 deals in 2022, according to EY’s latest financial services M&A analysis. Additionally, the report found that the total disclosed deal value for the year fell to £12.1bn in ... Read the full article
Gallagher Re acquires Toronto-based MGB Re to grow medical reinsurance business
16th January 2024
Arthur J. Gallagher & Co.'s reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). MGB is a provider of reinsurance solutions to health maintenance organisations, managing general underwriters and insurance companies in the U.S. medical sector. According to Gallagher, the MGB leadership team of Andrew Barth, Jacqueline Greer and Thomas ... Read the full article
Bridge Specialty to acquire Singapore-based insurance broker Acorn
16th January 2024
Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, has agreed to acquire Singapore-based insurance broker Acorn International Network Pte Ltd. Licensed by the Monetary Authority of Singapore, Acorn is led by founder and CEO David Ong, who holds over 45 years of experience in the industry, including ... Read the full article
MEDVIDA completes merger with MEDVIDA Partners
15th January 2024
Mediterráneo Vida (MEDVIDA), has completed it's merger with MEDVIDA Partners, the Spanish insurance organisation - formerly known as CNP Partners, which was acquired by the group in 2022. The merged company, which manages close to €3.5 billion in assets, reaffirms its appetite for making further acquisitions of life insurance businesses ... Read the full article
Keystone Agency adds LifeQuotes as latest Platform Partner
15th January 2024
Keystone Agency Partners (KAP), an insurance brokerage platform, has acquired LifeQuotes, Inc. as its latest Platform Partner, bringing the total number of partners in its portfolio to 20. Founded in 1984, LifeQuotes is a life insurance price comparison service. Its platform enables self-directed life insurance shoppers to instantly access quotes from ... Read the full article
Obra Capital acquires Unified Life
15th January 2024
Specialised asset management firm, Obra Capital, Inc., has completed the acquisition of Unified Life Insurance Company, a life and health insurance carrier with approximately 100,000 active policyholders and 49 associated licenses. Incorporating Unified’s existing insurance products and operating capability provides Obra with immediate access to life insurance markets and expands its ... Read the full article
R&Q shareholders approve sale of Accredited
11th January 2024
At a special general meeting held earlier today, R&Q Insurance Holdings Ltd.'s shareholders approved the sale of the company's program management business, Accredited, which is expected to close in the first half of 2024. The global non-life specialty insurer confirmed in September 2023 that it was in advanced talks regarding ... Read the full article
HDI Global Specialty takes control of MGA Falcon Risk
10th January 2024
HDI Global Specialty, a wholly owned subsidiary of HDI Global and part of the Talanx Group, has acquired Griffin Highline Capital LLC's share in managing general agency (MGA) Falcon Risk Holdings LLC. Falcon Risk was established by Chief Executive Officer (CEO) Craig Landi, Griffin Highline, and HDI in 2021. HDI also ... Read the full article
Compre completes two European liability portfolio acquisitions
10th January 2024
Bermuda-domiciled legacy group Compre has acquired two portfolios of European casualty and motor liabilities from separate undisclosed international insurance groups. According to Compre, all necessary approvals have been granted by Bermudian and European regulators. This allows the firm's class 3B Bermudian reinsurer, Pallas Reinsurance Company Ltd., to reinsure approximately €200m of reserves ... Read the full article
Ardonagh Advisory acquires specialist distribution firm Hoxton Risk Services
10th January 2024
Ardonagh Advisory has acquired specialist distribution business, Hoxton Risk Services Ltd, in a move that will reportedly "bolster Ardonagh’s presence in the mid and high net worth market." Hoxton Risk Services is Ardonagh Advisory’s latest investment in its private clients proposition, having recently acquired specialist high net worth (HNW) broker, Read the full article
Carrick Group acquired by Northlight QIAIF plc, new Directors appointed
8th January 2024
Carrick Group Limited, the Bermuda-based international non-life legacy insurance business providing reinsurance and run-off solutions, has announced that it has been acquired by Northlight QIAIF plc - an Irish regulated company managed by London-based investment manager Northlight Group LLP from Zimmer Financial Services Group. Shahar Zer, Partner at Northlight Group LLP, ... Read the full article
Great-West Lifeco completes sale of Putnam Investments to Franklin Templeton
8th January 2024
Great-West Lifeco, an international financial services holding company has completed the sale of Putnam Investments to Franklin Resources, Inc., operating as Franklin Templeton, an independent and diversified asset manager. According to the announcement, the transaction is not expected to have a material financial impact for Great-West Lifeco at close. The company ... Read the full article
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