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.
Aon set to acquire middle-market P&C broker NFP
20th December 2023
Aon, the global re/insurance broker, has signed a definitive agreement to acquire NFP, a middle-market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP's main capital sponsor - Madison Dearborn Partners (MDP), and funds affiliated with HPS Investment Partners. Under the terms of ... Read the full article
Howden expands in the Netherlands through acquisition of VLC & Partners
19th December 2023
Global insurance group, Howden, has announced the acquisition of VLC & Partners Holding B.V. (VLC), one of the largest independent insurance brokers operating in the Netherlands. Once completed, the acquisition will help enable Howden to scale its existing operations in the strategically important Dutch market, which is hailed as being ... Read the full article
Dale Underwriting Partners and CVC announce strategic partnership for growth
18th December 2023
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has completed its previously announced transaction with CVC. The transaction completion follows approval from the Prudential Regulation Authority (PRA) and Lloyd’s. CVC is a global private markets manager with €177 billion of assets under management as announced ... Read the full article
London’s Pension Insurance Corp reportedly a target for large private equity firms
15th December 2023
The Financial Times has reported that Apollo, Carlyle, and KKR are all exploring bids for London-based Pension Insurance Corporation (PIC) ahead of the deadline, citing people familiar with the matter. Earlier this year, PIC announced a record £6.5 billion UK pension buy-in deal with the RSA UK Pension Trustees. It's ... Read the full article
Personal and commercial insurer World acquires Exchange Underwriters
15th December 2023
Insurance brokerage, World Insurance Associates, has announced the acquisition of Exchange Underwriters, Inc., based in Washington County, Pennsylvania. Founded in 1955, Exchange Underwriters was started by Blair C. Ferguson providing personal and commercial lines insurance exclusively in the Washington County area. Richard Boyer, the current President, assumed ownership in 1992 and the ... Read the full article
WTW to acquire Italian MGA AIMUW
14th December 2023
Global insurance and reinsurance broker WTW has signed a definitive agreement to acquire AIMUW, a specialist Managing General Agent in Italy. The deal is expected to be completed in January 2024, although the terms of the transaction are not disclosed. The deal reflects WTW’s strategy to invest in high-performing businesses and ... Read the full article
Howden to enter Danish market through acquisition of NORTH Risk
14th December 2023
Global insurance group Howden is set to acquire Denmark's fourth largest insurance intermediary - NORTH Risk (NORTH), which will help establish the firm a retail presence across the Danish market, as well as strengthen its geographical presence across the Nordic region of Europe. According to Howden, this acquisition reflects their continuing ... Read the full article
Swiss Re acquires flood risk modeller Fathom
14th December 2023
Global reinsurance giant Swiss Re has acquired Bristol, UK-based provider of water risk intelligence and flood models, Fathom, which will retain its own brand and work closely with the firm's Reinsurance Solutions division to further develop and distribute its innovative flood and climate risk data, maps, and models. Swiss Re says ... Read the full article
GGW Group secures investment from private equity firm Permira
11th December 2023
Global private equity firm Permira, has announced that a company backed by the Permira funds has agreed to acquire GGW Group, an European insurance brokerage platform for small and medium-sized enterprises. According to the announcement, the Permira funds intend to support GGW Group in its acquisitive growth strategy in the highly ... Read the full article
GIC reaches agreement to acquire Cinven’s shares in Miller
11th December 2023
Miller has announced that GIC, a global institutional investor, and Cinven, an international private equity firm, have reached an agreement for GIC to acquire Cinven’s shares in Miller, "securing its long-term independent future as a leading specialist broker." The transaction is expected to close at the end of Q1 2024, and ... Read the full article
Ardonagh Advisory acquires RiskSTOP to expand technological capabilities
11th December 2023
Ardonagh Advisory has acquired insurance technology and risk management services company RiskSTOP. Based Poundbury, Dorchester, RiskSTOP was founded in 2000, and provides risk management surveys and ancillary services to the UK insurer and broking communities. Ardonagh explained that RiskSTOP will continue to be led by its current Managing Director, Danny Lillington, alongside ... Read the full article
Exploration of sale or merger of Penn-America and Global Indemnity suspended
7th December 2023
Global Indemnity Group, LLC, a provider of specialty property and casualty insurance coverages, has suspended the exploration of the sale or merger of Penn-America, Global Indemnity’s insurance group, and Global Indemnity itself at this time. Saul Fox, Global Indemnity’s Chairman, stated: “Our merger & acquisition market information that suggested we pursue ... Read the full article
Specialist Risk Group to acquire CBC Partnership
7th December 2023
B.P. Marsh has agreed to sell its shareholding in Paladin, the parent company of CBC Partnership, the London-based Insurance Broker, to Specialist Risk Group Limited (SRG), subject to regulatory approval. Once completed, this will be SRG’s 19th acquisition, and will mark as the sixth one that the company has completed in ... Read the full article
Intact and RSA sell UK direct Personal Lines operations to Admiral
7th December 2023
Intact Financial Corporation and its subsidiary RSA have reached an agreement to sell RSA’s UK direct Personal Lines operations, representing approximately £165 million of annual premiums, to Admiral Group. The transaction will result in the transfer of renewal rights, brands and employees, and has been approved by the Boards of Directors ... Read the full article
Amynta Group set to acquire MGU Sutton Special Risk
7th December 2023
Insurance services provider, Amynta Group, has announced that it has entered into a definitive agreement to acquire Sutton Special Risk Inc. (Sutton), a managing general underwriter (MGU) of specialty insurance products based in Toronto, Canada. The acquisition expands on Amynta's offerings across the accident and health ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
