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.
Strategic Risk Solutions acquires Global Re SCC in Barbados
26th November 2021
Strategic Risk Solutions (SRS), a provider of insurance management and consulting services, has announced the acquisition of Global Re SCC, a Barbados-registered Segregated Cell Company (SCC). Established in 2004 under the Companies Act of Barbados with a Class 1 license, Global Re SCC engages in both general insurance business and long-term ... Read the full article
Mitsui takes majority stake in Singapore re/insurance broker
26th November 2021
Mitsui & Co., Ltd. has acquired a majority share in Singapore-based insurance and reinsurance broker, Pana Harrison (Asia) Pte. Ltd., which will be rebranded to Mitsui Bussan Pana Harrison Pte. Ltd. Mitsui invested in Lloyd's broker PHA in 2020, and has been expanding its re/insurance broking business by establishing a presence ... Read the full article
Chesnara to acquire Robein Leven from Monument Re
25th November 2021
Chesnara, a life and pensions consolidator in the UK and Europe, has entered into an agreement to acquire Robein Leven, a specialist provider of traditional and linked savings products, mortgages and annuities in the Netherlands. The business will be acquired from its current owner, Monument Re, who previously purchased Robein ... Read the full article
Arthur J. Gallagher acquires Real Estate Insurance Solutions in Utah
25th November 2021
Global insurance broker, Arthur J. Gallagher & Co. has announced the acquisition of Park City, Utah-based Real Estate Insurance Solutions for an undisclosed sum. Founded in 2004, Real Estate Insurance Solutions offers a range of real estate errors & omissions insurance/cyber liability coverages. Its clients include commercial and residential real estate agents ... Read the full article
Generali in talks to acquire La Médicale from Crédit Agricole Assurances
25th November 2021
Italian insurer Generali has entered into exclusive negotiations to acquire La Médicale, the insurance subsidiary for healthcare professionals owned by Crédit Agricole Assurances. Under the terms of the arrangement, Generali France will also acquire Predica's death coverage portfolio, which is marketed and managed by La Médicale. Predica is a life insurance entity ... Read the full article
Neil Eckert’s IncubEx acquires Insurwave
24th November 2021
IncubEx, Inc., a Chicago-based privately held company, has announced the acquisition of Insurwave, an insurtech platform that connects insurance buyers, brokers and insurers. Insurwave was founded by Shackleton Holdings Limited in 2018 and is wholly owned by EY. Since its launch, it's established a significant presence in the global marine markets. The ... Read the full article
UK competition authority clears Gallagher acquisition of Willis Re
22nd November 2021
The UK’s Competition and Markets Authority (CMA) said this morning that it has ended its investigation into and cleared Arthur J. Gallagher & Co's (Gallagher) planned acquisition of the Willis Re treaty reinsurance business. The investigation has been ended as the CMA has decided now further action is required and said ... Read the full article
Industry uncertainty throws doubt over future of mega-M&A
18th November 2021
Despite having become an increasingly common feature of the insurance and reinsurance landscape in recent years, the industry's perception of mega-M&A moving forward appears to be one categorised by uncertainty; influenced by an awareness of heightened competition and anti-trust concerns. The results of our H2 2021 Reinsurance Market Survey, held ... Read the full article
Helios acquires 2% stake in Lloyd’s LLV as capacity quest continues
18th November 2021
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has acquired a 2% shareholding in a holding company of a group of Limited Liability Vehicles (LLV). The company announced in August its intention to bulk up its capacity using high quality syndicates at the historic insurance and reinsurance marketplace. As a ... Read the full article
Helios acquires LLV Queensbury Underwriting
18th November 2021
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has announced the competition of a further limited liability vehicle (LLV) acquisition. Queensberry Underwriting Limited was acquired for a cash consideration of £800,000. It will provide Helios with further syndicate capacity of £2.2 million. This time last month, Helios confirmed that it had ... Read the full article
Fairfax to offload 10% of Odyssey Group in $900mn-rated deal
17th November 2021
Property and Casualty re/insurance holding company Fairfax Financial has entered into a $900 million agreement to offload a 9.99% interest in Odyssey Group, its US re/insurance subsidiary. The transaction will be achieved via a sale of securities to affiliate CPPIB Credit Investments and OMERS, a defined benefit pension plan for Ontario’s municipal sector employees. ... Read the full article
Westfield Specialty to acquire Argo’s Property, Shared and Layered Business
17th November 2021
Westfield Specialty, a subsidiary of Westfield Insurance, has agreed to acquire the renewal rights of Argo Group’s US Property, Shared and Layered property business. Westfield Specialty will acquire renewal rights on all business at the start of next year. As a part of the transaction, Argo Group will continue to honour and ... Read the full article
Aston Lark acquires UK law enforcement insurer
17th November 2021
Aston Lark, the Goldman Sachs-backed insurance broker soon to be acquired by Howden, has announced the acquisition of Philip Williams & Company as the latest addition to the group. Philip Williams & Company was established in 1975 in Stockton Heath, Warrington and provides Group Insurance Schemes to the Police Federations and ... Read the full article
Willis Towers Watson to acquire Israeli broker Leaderim
16th November 2021
Willis Towers Watson (WTW) has announced plans to acquire Leaderim, an insurance broking and risk consultancy business in Israel. Leaderim maintains a team of 45 experts and offers a range of commercial insurance solutions to the Israeli market. The business was established over 20 years ago and has experience in multinational risk ... Read the full article
Aston Lark acquires Innovation Broking
15th November 2021
Aston Lark Group, the Goldman Sachs-backed insurance broker soon to be acquired by Howden, has announced the acquisition of Innovation Broking, based in London and Watford. Established in 2015, Innovation Broking is an independent corporate insurance broker and employee benefits adviser that was founded by Paul Dickson and Howard Pearson. The company ... Read the full article