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 expands capabilities in India with Global Insurance Brokers acquisition
3rd April 2024
Global insurance and reinsurance broker Aon has completed the acquisition of Global Insurance Brokers (GIB) in India, a move that significantly expands the firm's existing capabilities in the country. GIB, a composite re/insurance brokerage offering services across 17 offices, is now wholly owned by Aon and will formally integrate with Aon ... Read the full article
Ardonagh Advisory completes acquisition of Westfield Insurance
3rd April 2024
Ardonagh Advisory has completed its previously announced acquisition of Westfield Brokers Ltd. Established in 2009 by Managing Director Peter Cowan, Westfield Brokers, which trades under the name of Westfield Insurance, is an independent commercial broker based in Horsham, West Sussex. The firm offers a range of general insurance products, including, fleet, ... Read the full article
SRS agrees to acquire Garnet Captive Insurance Services
3rd April 2024
Strategic Risk Solutions (SRS), an independent insurance company manager, has agreed to acquire Garnet Captive Insurance Services, a provider of alternative risk consulting and brokerage services, including captive insurance program services. Founded in 2002, the Philadelphia-based PA firm partners with select retail brokers to educate and implement group captive solutions for ... Read the full article
Fleming still willing to acquire JRG Re on the right terms: CEO Haller
2nd April 2024
Fleming Insurance Holdings CEO Eric Haller has suggested that while the firm will continue to defend itself against the "meritless lawsuit" recently filed by James River Group Holdings, Fleming remains willing to acquire JRG Re "if James River cures its breaches of the agreement.” If you recall, on the 8th ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
