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.
Travelers completes sale of Canadian personal & majority of commercial arm to Definity
5th January 2026
The Travelers Companies, Inc., a provider of property and casualty insurance, has completed the sale of the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation for approximately $2.4 billion. The sale was initially announced in May 2025. Travelers has retained ... Read the full article
Munich Re’s ERGO acquires non-life insurer ADB Gjensidige in the Baltics
2nd January 2026
Global reinsurer Munich Re’s primary insurance arm, ERGO Group, has completed the previously announced acquisition of ADB Gjensidige, the former Lithuanian subsidiary of Norwegian non-life insurer Gjensidige Forsikring ASA, including its branches in Estonia and Latvia. The announcement was made by ERGO International AG, the segment managing the group’s international business ... Read the full article
Skyward Specialty completes acquisition of Apollo for $555m
2nd January 2026
Skyward Specialty Insurance Group, Inc., a property and casualty (P&C) specialist insurer, has completed its acquisition of Lloyd’s specialist Apollo Group Holdings Limited at the previously agreed terms. Launched in 2009, Apollo is a US-focused specialty underwriting platform operating at Lloyd’s of London. It offers products across Property, Casualty, Marine, Energy ... Read the full article
Willis Re expects further easing of conditions, greater competition & continued new supply in 2026
31st December 2025
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, forecasts that in 2026 there will be continued new supply, alongside easing of conditions and greater competition between reinsurers for cessions. The broker notes that almost all segments showed a softening in reinsurance pricing over 2025, with ... Read the full article
IK Partners acquires majority stake in French insurance broker Ascora
31st December 2025
IK Partners, a European private equity firm, has announced that its IK Small Cap IV Fund has acquired a majority stake in Ascora Group, a French multi-specialist insurance broker. The transaction, structured as a management buyout (MBO), is designed to facilitate the succession of the company’s founder while accelerating the Group’s ... Read the full article
Verisk withdraws from AccuLynx acquisition
30th December 2025
Verisk, a data analytics and technology provider to the insurance and energy industries, has terminated its definitive agreement to purchase AccuLynx, a SaaS platform providing end-to-end business management workflow for residential property contractors with expertise in roofing. This decision follows the notification by the Federal Trade Commission (FTC) was unable to ... Read the full article
JAB Insurance to acquire Utmost Group’s Life and Pensions business
29th December 2025
JAB Insurance, the global insurance business of JAB Holding Company, has entered into a definitive agreement to acquire from Utmost Group plc its Life and Pensions (ULP) business. ULP is a UK life and pensions platform with more than £5 billion of assets under management and serving approximately 290,000 pensioners. The platform ... Read the full article
Freedom to buy outstanding shares of Concert
24th December 2025
The shareholders of Concert Group Holdings, Inc., a specialised insurance holding company known for providing tailored solutions to programme insurance markets, have agreed to allow founding shareholder Freedom Underwriters LLC (Freedom) to purchase all outstanding shares from current shareholders WT Holdings, Inc. (WT) and Century Focused Fund IV, LLC (Century). This ... Read the full article
AM Best places Vantage ratings under review following HHH acquisition
22nd December 2025
AM Best has placed Vantage Risk Ltd. (Bermuda) and its affiliates’ credit ratings under review with developing implications, following the announcement that Howard Hughes Holdings (HHH) will acquire Vantage Group from Carlyle and Hellman & Friedman. These include the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings ... Read the full article
Permira and Warburg Pincus-led investor group acquires Clearwater for $8.4bn
22nd December 2025
Clearwater Analytics (CWAN) has agreed to be acquired by an investor group led by Permira and Warburg Pincus, with participation from Temasek, in a transaction valued at approximately $8.4 billion. The deal also has key support from Francisco Partners. Following a process that included engagement with strategic and financial sponsors, the ... Read the full article
Marco completes acquisition of Dublin-based Benteler Re
19th December 2025
European P&C insurance run-off group Marco Capital Holdings has completed its previously announced acquisition of Dublin-based Benteler Re from Benteler Group. Incorporated in January 2003, Benteler Re is a non-life insurance Captive in run-off. According to Marco, the transaction has received all required regulatory approvals and is now fully closed. Simon Minshall, Marco ... Read the full article
Vantage to be acquired by Howard Hughes Holdings in ~$2.1bn transaction
18th December 2025
Holding company Howard Hughes Holdings Inc. has agreed to acquire 100% of specialty insurer and reinsurer, Vantage Group Holdings Ltd., for approximately $2.1 billion in an all-cash transaction, subject to customary regulatory approvals. Founded in 2020, Vantage has established itself as a global insurer and reinsurer, offering a diversified portfolio of ... Read the full article
Insurance M&A activity set to hold pace in 2026: PwC
17th December 2025
PwC has disclosed that the insurance sector recorded $31.8 billion in M&A deals across 207 transactions between June 1 and November 30, and expects deal activity in 2026 to be broadly in line with this year. According to the firm, deal flow has remained steady over the past 12 months, as ... Read the full article
Enterprise Risk Associates secures $150m investment from Macquarie Capital
15th December 2025
Enterprise Risk Associates, a US-based insurance brokerage platform that focuses on acquiring and partnering with independent insurance agencies, has announced an investment from Macquarie Capital Principal Finance, the financing and principal investment division of Macquarie Capital. The funding arrangement provides up to $150 million to support ERA’s acquisition-driven growth across multiple ... Read the full article
Amynta Group completes acquisition of broker International Sureties
12th December 2025
Insurance service provider Amynta Group has completed the acquisition of Global Surety, LLC, International Sureties Limited and International Sureties SARL, collectively known as International Sureties. Founded in 1972, International Sureties is a specialty surety broker, providing a range of commercial surety products, including admiralty, court, bankruptcy, logistics and license & permit ... Read the full article
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