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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.

OMERS takes $375m stake in Fairfax’s Brit

31st August 2021

Fairfax Financial Holdings Limited has announced the completion of an investment into its Brit Limited subsidiary by OMERS, the pension plan for Ontario’s municipal employees. First announced in February 2021, the transaction sees OMERS acquire a 14% stake in Brit for a cash sum of approximately $375 million. After closing, Fairfax will ... Read the full article

Crawford acquires contents valuation service edjuster

31st August 2021

Crawford & Company, a provider of claims management and outsourcing solutions to carriers, brokers and corporations, has announced the acquisition of edjuster, a technology-driven field and desktop contents claims handling solutions company. edjuster operates on a proprietary contents management platform that offers contents inventory and valuation solutions for both high severity ... Read the full article

WTW agrees to acquire Leaderim

27th August 2021

Willis Towers Watson has entered into an initial, non-binding agreement to acquire Leaderim, an insurance broking and consultancy business in Israel. Leaderim offers a broad range of commercial insurance solutions to the Israeli market and has significant experience in creating multinational risk programs, reflecting the large concentration of global companies operating ... Read the full article

M&A’s drop in first half of 2021: Clyde & Co

26th August 2021

Mergers and acquisitions (M&A) in the global insurance industry have dropped back slightly in the first half of 2021 with 197 completed deals worldwide, according to Clyde & Co’s Insurance Growth Report. The report also noted that M&A’s were down from 206 in the second half of 2020 and 201 at ... Read the full article

Insurtech Pie Insurance buys carrier from Premia to go full-stack

25th August 2021

Pie Insurance, a growing insurtech company that specialises in workers' comp insurance for small businesses, has achieved a first-step in its ambition to become a full-stack insurtech, by acquiring a carrier from legacy player Premia Holdings Ltd. Pie announced today that its Pie Carrier Holdings entity has now received regulatory approval ... Read the full article

Coverys takes majority stake of Brady Insurance in Ireland

25th August 2021

Coverys European Holdings (CEH), an agency platform and network specialising in European markets, has completed a 51% acquisition of Joseph G Brady (Insurance) Ltd. (Brady Insurance), an insurance underwriting agency, broker and Lloyd’s coverholder based in Ireland. Brady Insurance provides a suite of business and personal lines products from its headquarters ... Read the full article

Fairfax completes sale of RiverStone Europe to CVC

23rd August 2021

Fairfax Financial Holdings Limited has successfully completed the sale of its interests in RiverStone Europe to CVC Capital Partners. First announced in December 2020, the transaction was finalised with a purchase price of approximately $700 million. Alongside the purchase price, Fairfax will also be entitled to receive up to $235.7 million ... Read the full article

Guidewire acquires P&C insurtech HazardHub

20th August 2021

Software specialist Guidewire has announced the acquisition of HazardHub, a provider of API-driven property risk insights to the P&C insurance industry. HazardHub curates, analyses and distills enough data to offer a comprehensive, national catalog of risks while its API provides risk scores and supports the underlying information for any US property. “Underwriters, ... Read the full article

Aston Lark Ireland acquires A.R. Brassington & Co.

20th August 2021

Insurance broker Aston Lark Ireland has acquired A.R. Brassington & Co., a subsidiary of the ARB Group. Brassington Insurance offers solutions to clients and customers, direct and wholesale, led by the management team of Cathal O’Brien and Paul Carty. The company is supported by a team of skilled and experienced professionals, Brassington ... Read the full article

QOMPLX and Tailwind abandon merger plans

18th August 2021

Risk analytics provider QOMPLX has agreed to terminate its business combination agreement with Tailwind Acquisition Corp., a special purpose acquisition company, due to challenging market conditions. The deal would have seen QOMPLX go public via a merger with Tailwind, and reflected a post-transaction equity value for QOMPLX of roughly $1.4 billion ... Read the full article

AJG able to balance & reinvigorate Willis Re’s employee & client bases: KBW

17th August 2021

According to reports from Keefe, Bruyette & Woods (KBW), Arthur J Gallagher (AJG) will be able to stabilise and reinvigorate Willis Re’s employee and client bases, whilst expanding its reinsurance product capabilities and global footprint. It was announced ... Read the full article

Hudson Structured buys majority stake in Occam

17th August 2021

Specialist lines-focussed managing general agency Occam Underwriting has announced Hudson Structured Capital Management's decision to become a majority shareholder. Additional investment from HSCM, an asset manager specialising in the re/insurance and transportation sectors, is expected to help Occam expand into new lines via new talent acquisitions and upgrades to its various technology platforms. As ... Read the full article

Gallagher acquires majority stake in Brokers’ House

16th August 2021

Insurance broker Gallagher has acquired a majority stake in Brokers’ House, a specialty broker based in Istanbul. This acquisition will be Gallagher’s first direct presence in Turkey and will give the company a footprint in a growing strategic insurance hub between Asia and Europe. This move will see Brokers’ House become part ... Read the full article

AXA Singapore to be acquired by HSBC for $575 million

16th August 2021

Global insurer AXA has entered into an agreement with HSBC Insurance (Asia-Pacific) Holdings Ltd over the sale of AXA Insurance Pte Ltd (AXA Singapore) for a total cash consideration of USD 575 million (€487mn). It was reported back in January that British bank HSBC Holdings was among the shortlisted bidders ... Read the full article

Gallagher to acquire Willis Re’s treaty reinsurance operations

13th August 2021

Arthur J. Gallagher & Co. has announced that it will be acquiring all of Willis Re's treaty reinsurance brokerage operations for an initial gross consideration of $3.25 billion; a figure which could rise by another $750 million dependent on certain third-year revenue targets. After seeing its proposed acquisition of Willis ... Read the full article

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