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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.

Enstar considering Atrium and StarStone sale

18th June 2018

Bermuda based insurance, reinsurance and run-off specialist Enstar Group Limited has retained investment bankers to explore a potential sale of its active underwriting businesses. In a move clearly designed to test the market's appetite for another pricey M&A deal, Enstar said that recent transactions led to the decision to find out ... Read the full article

Allianz planning huge UK insurance acquisition, Aviva and RSA both targets

18th June 2018

A report from The Sunday Times suggests Chief Executive Officer (CEO) of Allianz, Oliver Bäte, has been working with investment bankers for several months as he weighs up options on a list of potential deals. Allianz are said to be interested in pursuing a large UK insurance acquisition, with Aviva and ... Read the full article

LCCG to acquire Equitable Life’s in run-off business

15th June 2018

Life Company Consolidation Group (LCCG) has signed an agreement with The Equitable Life Assurance Society to transfer the company and all of its business to Reliance Life Limited, a specialist UK run-off manager established by LCCG. The proposed transaction will maximise the capital distribution to members by converting Equitable Life’s ‘with ... Read the full article

Ironshore names James Swan as Head of M&A for the Americas, expands team

15th June 2018

Ironshore has announced the appointment of James R. Swan as Head of Mergers & Acquisitions (M&A) Insurance Americas, in addition to adding several new members to the New York based team. Valentine Han, Scott G. Pegram, Victoria Rosales and Hilary Weiss will all join M&A production specialist Cristina Merry del Val ... Read the full article

MAPFRE Insurance Company of New York acquired by Plymouth Rock

15th June 2018

Massachusetts-based Plymouth Rock Assurance Corporation has announced the acquisition of MAPFRE Insurance Company of New York (NY), continuing its expansion into the State's insurance market. The deal involves both personal auto and home insurance business in NY, with certain Plymouth Rock companies also acquiring replacement carrier rights for auto and home ... Read the full article

Hyperion acquires minority stake in Apollo Partners

14th June 2018

London-headquartered Hyperion Insurance Group has acquired a 9.9% share in Apollo Partners LLP, via the company’s existing partners. The deal sees Hyperion claim a minority stake in the holding company of Lloyd’s MGA, Apollo Syndicate Management Limited (ASML). ASML has managed Syndicate 1969, a multi-line syndicate operating across 12 main classes of ... Read the full article

PSC Group to acquire 20% stake in B.P. Marsh

13th June 2018

Australia-based PSC Insurance Group (PSC) is set to acquire an almost 20% stake in venture capital provider B.P. Marsh & Partners (Marsh) via the purchase of both new and existing shares. Marsh has announced the placing of 6,169,194 new ordinary shares to PSC at a price of 252 pence each and ... Read the full article

Swiss Re to acquire 13.81% stake in Kenyan insurer, Britam

12th June 2018

Global reinsurance giant Swiss Re is to acquire a 13.81% stake in Britam Holdings, Kenya's largest company in the life insurance and pension annuity sector, for an undisclosed fee. According to an announcement, Swiss Re will acquire 348,504,000 ordinary shares in Britam from one of its key shareholders, Plum LLP. Once the ... Read the full article

Gallagher acquires majority interest in Swiss broker Hesse & Partner AG

12th June 2018

U.S. global insurance brokerage and risk management firm Arthur J. Gallagher & Co. (Gallagher) has announced the acquisition of a 65% stake in Zurich-based specialist commercial insurance broker Hesse & Partner AG and Hesse Consulting GmbH (Hesse). Terms of the transaction were not disclosed. Founded in 1997, Hesse specialises in the ... Read the full article

Tokio Marine HCC set to purchase Qdos Contractor

12th June 2018

HCC International Insurance Company, a subsidiary of the specialty insurance group Tokio Marine HCC, has signed up to purchase Qdos Contractor, part of the Qdos Group. The transaction’s completion is expected by Q4 2018. Qdos Contractor provides insurance products and services to the U.K. independent contractor and freelancer market via its ... Read the full article

RTG’s Limehouse acquires Corporate Underwriting agency

11th June 2018

Limehouse Agencies, the MGA subsidiary of RFIB’s Risk Transfer Group Limited (RTG), has announced the acquisition of Corporate Underwriting Ltd (CUL), a specialist marine underwriting agency and Lloyd’s coverholder. The acquisition of the Dublin-based CUL forms part of RTG’s (formerly CCP TopCo) new corporate strategy, which was outlined in May ... Read the full article

Integro finalises acquisition of Lloyd’s broker Tysers & Co

11th June 2018

Integro Group Holdings, an international insurance brokerage and specialty risk management firm, has announced that its affiliate has successfully completed the acquisition of Hawkes Bay Holdings (HBH), the principal parent company of specialty Lloyd’s broker Tyser & Co. The parties will now begin the process of merging their UK wholesale and ... Read the full article

High rate of M&A to continue fuelling insurance deals: A.M. Best

8th June 2018

A.M. Best has found that a prevailing reliance on Mergers and Acquisitions (M&A) to fulfil a perceived need for increased scale and relevance - particularly in the reinsurance sector, which remains under pressure from alternative capital - as well as meeting difficult target returns in an intensely competitive environment, is ... Read the full article

Navigators completes takeover of specialty underwriting agency BDM and affiliate

7th June 2018

The Navigators Group, Inc. has completed its acquisition of specialty underwriting agency Bracht, Deckers & Mackelbert NV (BDM) and its affiliated insurer Assurances Continentales (ASCO), which includes ASCO's  Luxembourg domiciled reinsurer, Canal Re SA. The acquisition has now completed after the receipt of all necessary regulatory approvals, with Navigators paying €35 million in cash as consideration ... Read the full article

Stone Point & Karfunkel-Zyskind increase AmTrust merger offer price

7th June 2018

Stone Point Capital, the Karfunkel Family, and Barry Zyskind, Chief Executive Officer (CEO) of AmTrust Financial Services, have increased their bid for the acquisition of AmTrust Financial Services for a second time, now offering $14.75 per share in cash for all outstanding shares. This offer represents an increase of $1.25 per share, or ... Read the full article

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