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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.

Covéa to acquire PartnerRe from EXOR for $9bn

4th March 2020

EXOR, the Agnelli family owned holding company, has reached an agreement with French insurance group Covéa over the sale of PartnerRe. The pair have entered into a Memorandum of Understanding (MoU) under which Covéa has agreed to acquire PartnerRe for a total cash consideration of $9 billion, plus a cash dividend ... Read the full article

Apollo doubles stake in Athene amid alignment push

3rd March 2020

Private equity firm Apollo Global Management has completed its purchase of a 17% incremental stake in retirement services firm Athene, bringing its beneficial ownership in the company to 34%. First announced in October 2019, this purchase came as part of a wider alignment push between the two companies that also ... Read the full article

H.W. Kaufman completes Barbican Protect acquisition

3rd March 2020

H.W. Kaufman Group, a global network of insurance companies, has completed its previously announced takeover of Barbican Protect Limited from Barbican Insurance Group, expanding its presence in the UK market. As announced in November of last year, Barbican Protect is to rebrand as Burns & Wilcox, a subsidiary of H.W. ... Read the full article

Barbados reinsurers Ocean Re & Energy Risk Re merge

2nd March 2020

Barbados-based reinsurers Ocean International Reinsurance Company Limited (Ocean Re) and Energy Risk Re (ERIRE) have completed a merger of their operations. The transaction has been executed after months of negotiations, with all necessary regulatory authorisations obtained back in December. ERIRE is now the major shareholder of the combined operations, following a multi-transactional ... Read the full article

Aon / WTW combination is possible but unlikely: KBW

28th February 2020

Analysts at Keefe, Bruyette & Woods (KBW) have said that a potential business combination between re/insurance brokers Aon and Willis Towers Watson (WTW) is “unlikely but not impossible.” Speculation about a possible merger deal between the two broking giants was sparked last week after WTW confirmed that it was exploring “strategic ... Read the full article

AXA LM acquires reinsurance portfolio from German unit

28th February 2020

AXA Liabilities Managers (AXA LM), a division of AXA and an acquirer and manager of legacy re/insurance business, has received regulatory approval for the acquisition of a legacy assumed treaty reinsurance portfolio from AXA Versicherung AG. German regulator BaFin gave the green light for AXA LM to move ahead with the ... Read the full article

IGI obtains final approvals for go-public Tiberius deal

26th February 2020

International General Insurance Holdings (IGI), the specialist commercial re/insurer, has obtained the final regulatory approvals it needs to move ahead with its planned business combination with Tiberius Acquisition Corp., which will result in the public listing of IGI. UK regulators the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) ... Read the full article

Life broker Reassured sells minority stake to fund growth plans

26th February 2020

UK life insurance broker Reassured has agreed to sell a minority stake to investor Bridgepoint Development Capital (BDC) in order to fund the future development of the business. The company said the transaction would allow it to focus on growth plans such as investment in new technologies and the development of ... Read the full article

WTW / Aon combination could require Willis Re sale: Analysts

25th February 2020

Analysts at Wells Fargo Securities have suggested that a potential combination with Aon could require Willis Towers Watson (WTW) to sell off its reinsurance arm, Willis Re. Speculation about a possible merger deal between the two broking giants was sparked last week after WTW confirmed that it was exploring “strategic ... Read the full article

IGI names new board

25th February 2020

International General Insurance Holdings Limited (IGI), the international specialist commercial insurer and reinsurer, has named the full board of directors that will be in place following its business combination with Tiberius Acquisition Corp. First announced back in October 2019, the deal priced IGI at approximately 1.26x its book value of ... Read the full article

Arch Capital acquiring 29.5% stake in trade-credit insurer Coface

25th February 2020

Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance specialist, is acquiring a majority stake in France-based trade-credit insurance firm Coface. Arch Capital has entered into a share purchase agreement with French corporate and investment bank Natixis, which has been selling down its majority stake in Coface. The sale of shares ... Read the full article

Premia Re assumes risks from two Lloyd’s syndicates in Q4

25th February 2020

Bermuda-based property & casualty re/insurance run-off group Premia Holdings assumed risks from two Lloyd’s of London syndicates in the fourth quarter of 2019. The previously undisclosed deals were acknowledged by Kroll Bond Rating Agency (KBRA) in its recent assessment of the company, which had its financial strength rating confirmed as A-. The ... Read the full article

MAPFRE takes majority stake in Dominican health insurer

21st February 2020

MAPFRE has entered into an agreement with the León BHD Financial Center, its bancassurance partner in the Dominican Republic, to acquire 51% of the health insurance company ARS Palic. The transaction is expected to help MAPFRE consolidate its position in the country, and will leave the León BHD Financial Center with ... Read the full article

Is Willis Towers Watson just preparing the ground for a bigger M&A deal?

21st February 2020

After insurance and reinsurance brokerage and consultancy Willis Towers Watson (WTW) confirmed yesterday that it is exploring “strategic alternatives” for its wholesale arm, Miller, it's interesting to consider how a sale of its majority stake could clear the decks for a much larger M&A deal. Willis Towers Watson (WTW) and ... Read the full article

ProAssurance set for $450mn acquisition of NORCAL Group

21st February 2020

Specialty insurer ProAssurance is set to acquire NORCAL Group in a $450 million deal following the demutualisation of NORCAL Mutual Insurance Company, NORCAL's parent. The demutualisation and the acquisition agreement are mutually contingent, and are subject to required regulatory and policyholder approvals. Based on available estimates of premium, the combination of these ... Read the full article

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