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.
Gallagher Re acquires Toronto-based MGB Re to grow medical reinsurance business
16th January 2024
Arthur J. Gallagher & Co.'s reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). MGB is a provider of reinsurance solutions to health maintenance organisations, managing general underwriters and insurance companies in the U.S. medical sector. According to Gallagher, the MGB leadership team of Andrew Barth, Jacqueline Greer and Thomas ... Read the full article
Bridge Specialty to acquire Singapore-based insurance broker Acorn
16th January 2024
Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, has agreed to acquire Singapore-based insurance broker Acorn International Network Pte Ltd. Licensed by the Monetary Authority of Singapore, Acorn is led by founder and CEO David Ong, who holds over 45 years of experience in the industry, including ... Read the full article
MEDVIDA completes merger with MEDVIDA Partners
15th January 2024
Mediterráneo Vida (MEDVIDA), has completed it's merger with MEDVIDA Partners, the Spanish insurance organisation - formerly known as CNP Partners, which was acquired by the group in 2022. The merged company, which manages close to €3.5 billion in assets, reaffirms its appetite for making further acquisitions of life insurance businesses ... Read the full article
Keystone Agency adds LifeQuotes as latest Platform Partner
15th January 2024
Keystone Agency Partners (KAP), an insurance brokerage platform, has acquired LifeQuotes, Inc. as its latest Platform Partner, bringing the total number of partners in its portfolio to 20. Founded in 1984, LifeQuotes is a life insurance price comparison service. Its platform enables self-directed life insurance shoppers to instantly access quotes from ... Read the full article
Obra Capital acquires Unified Life
15th January 2024
Specialised asset management firm, Obra Capital, Inc., has completed the acquisition of Unified Life Insurance Company, a life and health insurance carrier with approximately 100,000 active policyholders and 49 associated licenses. Incorporating Unified’s existing insurance products and operating capability provides Obra with immediate access to life insurance markets and expands its ... Read the full article
R&Q shareholders approve sale of Accredited
11th January 2024
At a special general meeting held earlier today, R&Q Insurance Holdings Ltd.'s shareholders approved the sale of the company's program management business, Accredited, which is expected to close in the first half of 2024. The global non-life specialty insurer confirmed in September 2023 that it was in advanced talks regarding ... Read the full article
HDI Global Specialty takes control of MGA Falcon Risk
10th January 2024
HDI Global Specialty, a wholly owned subsidiary of HDI Global and part of the Talanx Group, has acquired Griffin Highline Capital LLC's share in managing general agency (MGA) Falcon Risk Holdings LLC. Falcon Risk was established by Chief Executive Officer (CEO) Craig Landi, Griffin Highline, and HDI in 2021. HDI also ... Read the full article
Compre completes two European liability portfolio acquisitions
10th January 2024
Bermuda-domiciled legacy group Compre has acquired two portfolios of European casualty and motor liabilities from separate undisclosed international insurance groups. According to Compre, all necessary approvals have been granted by Bermudian and European regulators. This allows the firm's class 3B Bermudian reinsurer, Pallas Reinsurance Company Ltd., to reinsure approximately €200m of reserves ... Read the full article
Ardonagh Advisory acquires specialist distribution firm Hoxton Risk Services
10th January 2024
Ardonagh Advisory has acquired specialist distribution business, Hoxton Risk Services Ltd, in a move that will reportedly "bolster Ardonagh’s presence in the mid and high net worth market." Hoxton Risk Services is Ardonagh Advisory’s latest investment in its private clients proposition, having recently acquired specialist high net worth (HNW) broker, Read the full article
Carrick Group acquired by Northlight QIAIF plc, new Directors appointed
8th January 2024
Carrick Group Limited, the Bermuda-based international non-life legacy insurance business providing reinsurance and run-off solutions, has announced that it has been acquired by Northlight QIAIF plc - an Irish regulated company managed by London-based investment manager Northlight Group LLP from Zimmer Financial Services Group. Shahar Zer, Partner at Northlight Group LLP, ... Read the full article
Great-West Lifeco completes sale of Putnam Investments to Franklin Templeton
8th January 2024
Great-West Lifeco, an international financial services holding company has completed the sale of Putnam Investments to Franklin Resources, Inc., operating as Franklin Templeton, an independent and diversified asset manager. According to the announcement, the transaction is not expected to have a material financial impact for Great-West Lifeco at close. The company ... Read the full article
Pan-American Life Insurance Group completes acquisition & merger of Encova Life
5th January 2024
Pan-American Life Insurance Group (PALIG), a provider of life, accident and health insurance, has completed the acquisition and merger of Encova Life Insurance Company (Encova Life). Encova Life Insurance Company is an affiliate of the Encova Mutual Insurance Group. The transaction was first announced in May 2023. From what we understand, the ... Read the full article
Travelers expands cyber capabilities with acquisition of Corvus Insurance
3rd January 2024
Property and casualty insurer, The Travelers Companies, Inc. has completed its previously announced acquisition of Corvus Insurance Holdings, Inc. As stated in the announcement in November 2023, Travelers acquired the cyber insurance managing general underwriter for approximately $435 million. Travelers had previously disclosed that it would fund the transaction from internal ... Read the full article
KKR completes acquisition of remaining 37% of Global Atlantic
3rd January 2024
KKR & Co. Inc. has announced the closing of the previously-announced transaction in which it is acquiring the remaining 37% of Global Atlantic Financial Group LLC, increasing KKR’s ownership to 100%. KKR acquired a majority of Global Atlantic in 2021, and since that time has served as Global Atlantic’s asset manager. The ... Read the full article
Gallatin Point and American Family partner on reciprocal insurer TRUE
3rd January 2024
Private investment firm Gallatin Point Capital and insurer, American Family Insurance Group, have successfully closed a new partnership whereby funds managed by Gallatin Point will acquire a majority stake in the attorney-in-fact for Trusted Resource Underwriters Exchange (TRUE). TRUE is a reciprocal insurer established by American Family in 2020 to serve ... Read the full article
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