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.
Ardonagh Advisory acquires Scottish whole of market healthcare insurance broker
5th February 2024
Ardonagh Advisory has grown its presence in Scotland with the acquisition of Glasgow-based Solutions Healthcare Ltd, a whole of market healthcare insurance broker, serving commercial clients and individuals across the UK. The business offers advice on Private Medical Insurance and employee benefits including, life assurance, critical illness and business protection. It ... Read the full article
Monument Re closes previously announced portfolio acquisition from Integrale Lux S.A.
2nd February 2024
Life insurance and reinsurance holding company, Monument Re, has completed its previously announced agreement to acquire the closed portfolio long-term life insurance business from Integrale Lux S.A. through its Luxembourg subsidiary, Monument Assurance Luxembourg S.A. (MAL). Integrale’s portfolio serves mainly the Luxembourgish, Dutch and French markets, and is strategically aligned ... Read the full article
Generali completes acquisition of Liberty Seguros
2nd February 2024
Italy-headquartered insurer Generali has completed the acquisition of Liberty Seguros, Compañia de Seguros y Reaseguros, S.A., from Liberty Mutual Insurance The transaction was originally announced on June 15, 2023, and it represents Generali's largest transaction in ten years. It was reported that Liberty Mutual would sell its personal lines and small ... Read the full article
Hadron expands into the UK with Folgate Insurance acquisition
1st February 2024
Hybrid insurer Hadron has entered the UK market with the acquisition of Folgate Insurance Company Limited, terms of the transaction were not disclosed. Based in the US, Hadron announced its launch in the fourth quarter of 2023 with a significant capital injection of over $250 million from Altamont and other ... Read the full article
DARAG Group completes Hawaii captive acquisition
1st February 2024
Legacy acquirer DARAG Group has announced it has completed the acquisition of a Hawaii captive, the transaction value is undisclosed. According to the Group, the portfolio of workers compensation business went into runoff in 2023. This will be transferred into an existing US domiciled DARAG entity, thereby offering full legal finality. Tom ... Read the full article
Arthur J. Gallagher acquires Horak Insurance
31st January 2024
Arthur J, Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has acquired Washington, Iowa-based Horak Insurance, Inc., a retail property & casualty (P&C) insurance agency. The organisation provides services for commercial and personal lines clients, as well as farms in eastern and central Iowa. Read the full article
Howden expands risk management capabilities with AHR Consultants acquisition
30th January 2024
In a move to further strengthen its risk management capabilities in the UK, Howden has acquired AHR Consultants, a provider of human relations (HR), employment law, training and health & safety services. The AHR Consultants team provides a range of HR support and consultancy solutions for businesses, including legally compliant employment ... Read the full article
Arthur J. Gallagher acquires Forest Insurance Facilities
30th January 2024
Global insurance brokerage, Arthur J. Gallagher & Co., has announced that its US wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. Forest Insurance Facilities is a commercial lines wholesale insurance broker and managing general agency (MGA). The company serves clients ... Read the full article
Generali’s position strengthened by recent acquisitions: CEO Donnet
30th January 2024
Generali Group CEO, Philippe Donnet, has suggested that the firm's recent acquisitions have further strengthened its position as a leading European insurer while also expanding its Asset Management business globally. According to Generali, the acquisition of Liberty Seguros, announced in June 2023, will enhance the firm's competitiveness and will contribute ... Read the full article
SRS agrees to acquire Robus Group from The Ardonagh Group
29th January 2024
Independent insurance company manager Strategic Risk Solutions (SRS), has announced the acquisition of Robus Group from The Ardonagh Group, subject to regulatory approval. Robus operates from Guernsey and Gibraltar and provides professional management services to captive insurers, open market insurers and reinsurers, insurance intermediaries, MGAs, ILS fund managers, and other corporate ... Read the full article
NFP acquires London-based Advanced Insurance Consultants
24th January 2024
Middle-market P&C broker NFP has acquired Advanced Insurance Consultants Limited (AIC), an insurance broker based in London. According to NFP, AIC's specialised expertise includes the agriculture, marine, leisure, vehicle and construction industries. While predominantly a commercial insurance broker, the firm said that AIC also provides personal insurance for individuals. Matt Pawley, regional ... Read the full article
Lombard International rebrands to Axcelus Financial following BroadRiver acquisition
23rd January 2024
Lombard International US & Bermuda has announced that it is rebranding to Axcelus Financial after getting acquired by an affiliate of specialised asset management firm BroadRiver Asset Management, L.P. The firm explained that as it embarks on a new chapter as Axcelus Financial, it will "continue to be a leader" in ... Read the full article
Harford Mutual expands national footprint with merger of Clearpath Specialty
18th January 2024
Property and casualty insurer Harford Mutual Insurance Group has expanded its national footprint after the successful merger of Clearpath Specialty, formerly known as ClearPath Mutual Insurance Company, into the Group. The merger officially took effect on August 4, 2023, marking a milestone in Harford Mutual's 181-year-old history. ClearPath Mutual is a ... Read the full article
Tangram Insurance expands into reinsurance brokerage with acquisition of Preferred Re
18th January 2024
Independent managing general agency and program manager, Tangram Insurance Services, Inc., has acquired Preferred Reinsurance Intermediaries, marking its expansion into the reinsurance brokerage market. Founded in 1983, Preferred Re is a reinsurance broker and consultant working with companies of all sizes. The company has three main practice areas: traditional reinsurance placements, ... Read the full article
UK financial services M&A activity sees fall in 2023: EY
18th January 2024
Financial services M&A activity in the UK saw a 9% fall in 2023, with 273 deals recorded in the year compared to 301 deals in 2022, according to EY’s latest financial services M&A analysis. Additionally, the report found that the total disclosed deal value for the year fell to £12.1bn in ... Read the full article
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