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.
Howden agrees to acquire captive manager specialist ARM
15th February 2024
Global re/insurance broker Howden has entered the captive management market as it has agreed to acquire ARM Group Holdings Limited (ARM), the parent of Alternative Risk Management. ARM is one of the largest independent insurance managers in Europe and a specialist in the formation and management of insurance captives. According to the ... Read the full article
Hagerty agrees to acquire Everspan’s CNIC
15th February 2024
Hagerty Insurance Holdings, Inc. (Holdings), a subsidiary of Hagerty, has agreed to acquire Everspan’s Colorado-domiciled insurance company, Consolidated National Insurance Company (CNIC). Holdings entered into a stock purchase agreement with Everspan and has agreed to pay approximately $18.4 million to acquire all of the issued and outstanding capital stock of CNIC. The ... Read the full article
Marco Re launches after merger of Guernsey subsidiaries
9th February 2024
European P&C insurance run-off group, Marco Capital Holdings has announced the launch of Marco Re as the new brand of its recently merged Guernsey subsidiaries Humboldt Re and Kelvin Re. Marco Capital announced the acquisition of Humboldt Re in October 2021 and Kelvin Re’s in July 2023. Both reinsurance ... Read the full article
Southlake Specialty to acquire Nevada General Insurance Company
9th February 2024
Southlake Specialty, part of Southlake Financial Holdings, a Texas-based group of fronting carriers, has agreed to acquire Nevada General Insurance Company from Western National Mutual Insurance Company. Nevada General Insurance Company is a Property and Casualty insurer authorised in numerous states throughout the Western US. This acquisition, pending regulatory approval, will allow ... Read the full article
AnaCap announces MRHT’s completion of four bolt-on acquisitions
9th February 2024
AnaCap Financial Partners has announced that portfolio company MRH Trowe (MRHT), a German independent P&C commercial broker, has completed four bolt-on acquisitions in January. Acquired with effect from January 1, 2024, the companies involved in the transaction include Bavaria AG, Vertoura Versicherungsmakler GmbH & Co. KG, Frank Rauch & Kollegen Finanz-und ... Read the full article
MEDVIDA Partners completes acquisition of Metrópolis’ life insurance portfolio
7th February 2024
MEDVIDA Partners, a Spanish insurer, has completed its acquisition of Metrópolis’ life insurance portfolio, representing the first transfer of life insurance savings with-profits portfolios between unrelated entities. According to the announcement, the solution implemented by MEDVIDA Partners results in an economically sound mechanism for both parties to transfer the portfolio. It also ... Read the full article
Arthur J. Gallagher & Co. expands capabilities in Florida with new acquisition
6th February 2024
Arthur J. Gallagher & Co. has acquired Fort Lauderdale, Florida-based The John Galt Insurance Agency, an independent insurance agency, in an undisclosed transaction. The Agency is formed by John Galt Commercial Insurance Agency, LLC and John Galt Insurance Agency, Inc. It provides full-service property/casualty insurance coverages with expertise in commercial and ... Read the full article
RiverStone International completes acquisition of Catalina Insurance Ireland
6th February 2024
RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has completed the acquisition of Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. RiverStone first announced the acquisition in September of 2023, receiving regulatory approval in January 2024 and officially closing the ... Read the full article
Ardonagh Advisory acquires Scottish whole of market healthcare insurance broker
5th February 2024
Ardonagh Advisory has grown its presence in Scotland with the acquisition of Glasgow-based Solutions Healthcare Ltd, a whole of market healthcare insurance broker, serving commercial clients and individuals across the UK. The business offers advice on Private Medical Insurance and employee benefits including, life assurance, critical illness and business protection. It ... Read the full article
Monument Re closes previously announced portfolio acquisition from Integrale Lux S.A.
2nd February 2024
Life insurance and reinsurance holding company, Monument Re, has completed its previously announced agreement to acquire the closed portfolio long-term life insurance business from Integrale Lux S.A. through its Luxembourg subsidiary, Monument Assurance Luxembourg S.A. (MAL). Integrale’s portfolio serves mainly the Luxembourgish, Dutch and French markets, and is strategically aligned ... Read the full article
Generali completes acquisition of Liberty Seguros
2nd February 2024
Italy-headquartered insurer Generali has completed the acquisition of Liberty Seguros, Compañia de Seguros y Reaseguros, S.A., from Liberty Mutual Insurance The transaction was originally announced on June 15, 2023, and it represents Generali's largest transaction in ten years. It was reported that Liberty Mutual would sell its personal lines and small ... Read the full article
Hadron expands into the UK with Folgate Insurance acquisition
1st February 2024
Hybrid insurer Hadron has entered the UK market with the acquisition of Folgate Insurance Company Limited, terms of the transaction were not disclosed. Based in the US, Hadron announced its launch in the fourth quarter of 2023 with a significant capital injection of over $250 million from Altamont and other ... Read the full article
DARAG Group completes Hawaii captive acquisition
1st February 2024
Legacy acquirer DARAG Group has announced it has completed the acquisition of a Hawaii captive, the transaction value is undisclosed. According to the Group, the portfolio of workers compensation business went into runoff in 2023. This will be transferred into an existing US domiciled DARAG entity, thereby offering full legal finality. Tom ... Read the full article
Arthur J. Gallagher acquires Horak Insurance
31st January 2024
Arthur J, Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has acquired Washington, Iowa-based Horak Insurance, Inc., a retail property & casualty (P&C) insurance agency. The organisation provides services for commercial and personal lines clients, as well as farms in eastern and central Iowa. Read the full article
Howden expands risk management capabilities with AHR Consultants acquisition
30th January 2024
In a move to further strengthen its risk management capabilities in the UK, Howden has acquired AHR Consultants, a provider of human relations (HR), employment law, training and health & safety services. The AHR Consultants team provides a range of HR support and consultancy solutions for businesses, including legally compliant employment ... Read the full article
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