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.
Arthur J. Gallagher acquires Dublin-based Keaney Insurance Brokers
6th November 2023
Arthur J. Gallagher & Co. has acquired Dublin, Ireland-based Keaney Insurance Brokers Ltd. Keaney is a commercial insurance broker that supports businesses across Ireland with insurance and risk management solutions. Terry Keaney, the firm's Managing Director, and his team will remain in their current location under the direction of Ronan Foley, head ... Read the full article
Porch Group insurance carrier HOA released from regulatory supervision
6th November 2023
Software company Porch Group has announced that Homeowners of America Insurance Company (HOA), its wholly owned insurance carrier subsidiary, has been released from the Texas Department of Insurance (TDI) temporary regulatory supervision. According to the announcement, the TDI “is satisfied with HOA’s capital surplus, financials, and operating plan following Porch Group’s ... Read the full article
Valani Global to acquire MSA Research
6th November 2023
Valani Global, an actuarial modeling and financial reporting firm, is acquiring MSA Research, a Canadian analytical research firm specializing in the insurance industry. Nazir Valani, Founder of Valani Global, commented: "The synergy between the three companies solidifies our position as a one-stop shop for actuarial services." MSA Research is an independent, impartial ... Read the full article
Travelers set to acquire Corvus Insurance for $435m
3rd November 2023
The Travelers Companies, Inc. has agreed to acquire cyber insurance managing general underwriter Corvus Insurance Holdings, Inc. for approximately $435 million. Travelers has disclosed that it will fund the transaction from internal resources, adding that the transaction is expected to close in the first quarter of 2024, subject to regulatory approvals ... Read the full article
Howden Scotland acquires Glasgow-based Neilson Laurence & Neil
3rd November 2023
Howden Scotland, formerly known as Bruce Stevenson, has acquired Neilson Laurence & Neil, a UK business insurance specialists based in Glasgow, expanding its footprint in the country. This acquisition represents the first major transaction for Howden Scotland since adopting the Howden brand. Through the acquisition, Neilson Laurence & Neil will fully integrate ... Read the full article
Core Specialty announces acquisition of American Surety
2nd November 2023
Property and casualty insurer Core Specialty will acquire American Surety in a stock and cash transaction, marking the firm's formation of a Bond, Credit & Guarantee subsegment, alongside other subsegments Property & Short-Tail, Specialty Casualty, and Fronted Programs. Once the deal completes, which is expected in Q1 2024, American Surety will ... Read the full article
AXA completes acquisition of Corebridge Financial’s Laya Healthcare
1st November 2023
Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the US, has completed the sale of Laya Healthcare Limited to a subsidiary of AXA. The sale was previously announced back in August 2023. It was stated that AXA would acquire Laya Healthcare for a total ... Read the full article
RenaissanceRe completes $3.3bn acquisition of Validus Re from AIG
1st November 2023
Bermuda-based reinsurer RenaissanceRe has completed its previously announced acquisition of Validus Re, the treaty reinsurance operation of global insurer AIG, a transaction it says creates immediate and long-term value for its shareholders. First announced back in May and approved by the European Commission in August, RenRe has now closed ... Read the full article
Brown & Brown to sell four TPA businesses to Davies Group
1st November 2023
Insurance brokerage firm, Brown & Brown has entered into an agreement with Davies Group Ltd., that includes the sale of four third-party administrator (TPA) businesses and a long-term strategic commercial relationship. The transaction is expected to close in December of 2023, and is subject to certain closing conditions. The announcement was made ... Read the full article
Ryan Specialty to acquire MGU AccuRisk Holdings
1st November 2023
Chicago-domiciled medical stop loss managing general underwriter (MGU), AccuRisk Holdings LLC, has signed a definitive agreement to be acquired by Ryan Specialty, an international specialty insurance firm. AccuRisk, founded in 2017, generated approximately $25 million of revenue for the 12 months ended July 31st, 2023. Terms of the transaction, which is expected ... Read the full article
Alliant announces trio of acquisitions in Oklahoma
31st October 2023
Alliant Insurance Services has announced three new acquisitions in Oklahoma, further expanding its presence in the state and the surrounding areas. First among these, though in no particular order, is Commercial Risk Group (CRG), a retail P&C insurance agency based in Broken Arrow, OK. Tom Corbett, Chairman and CEO of Alliant, commented, ... Read the full article
Ardonagh to expand European presence through acquisition of broker, ASSEPRO
31st October 2023
The Ardonagh Group has agreed to acquire ASSEPRO, a large independent commercial broker for small and medium-sized enterprises (SMEs) based in Switzerland, with further operations in both Austria and Liechtenstein. The company offers a wide range of general insurance, accidental & health, and life and pensions products, and is the largest ... Read the full article
R&Q agrees Accredited sale to Onex at $465m enterprise value
20th October 2023
Non-life specialty insurer R&Q Insurance Holdings has just confirmed that it has entered into a conditional agreement to sell its Accredited program Management business to private equity investment manager Onex Corporation. The sale was expected as R&Q had previously stated it was in advanced talks regarding a potential sale of ... Read the full article
White Mountains to acquire 70% stake in California MGA Bamboo
20th October 2023
White Mountains Insurance Group, Ltd. has entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC, a provider of homeowners' insurance for over 100,000 California policyholders. White Mountains is expected to invest approximately $285 million in the capital-light, tech and data-enabled insurance distribution platform, along with primary ... Read the full article
bolttech acquires Poland-based Digital Care
20th October 2023
Insurtech bolttech has acquired Digital Care, an embedded protection company based out of Poland. As per bolttech, the acquisition is a major step towards achieving its strategic goals in the EMEA region and globally, while also accelerating growth, particularly within the telecommunications industry. The insurtech noted that Digital Care has a strong ... Read the full article
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