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.
Enstar subsidiary takes ownership of StarStone Specialty
27th December 2023
Kenmare Holdings Ltd., a wholly owned subsidiary of Enstar Group Limited, entered into a purchase agreement with Trident V, L.P. along with their affiliated funds, Dowling Capital Partners I, L.P. and Capital City Partners LLC, to acquire all of the remaining common shares of StarStone Specialty Holdings Limited. Bermuda-based insurance, reinsurance ... Read the full article
Fairfax completes acquisition of additional 46.32% interest in Gulf Insurance
27th December 2023
Fairfax Financial Holdings has completed its acquisition of all of the shares of Gulf Insurance Group (GIG) under the control of Kuwait Projects Company (Holding), bringing Fairfax’s equity interest in GIG from 43.69% to 90.01%. The acquisition was first reported back in April when Fairfax revealed it would be buying ... Read the full article
Ryan Specialty to acquire Castel Underwriting from Arch Financial
22nd December 2023
Ryan Specialty has signed a definitive agreement to acquire Castel Underwriting Agencies Limited, a Managing General Underwriting (MGU) platform, from Arch Financial Holdings (UK) Limited and minority shareholders. Headquartered in London and founded in 2014, Castel consists of thirteen MGUs, each having expertise in a specific product niche. The firm has ... Read the full article
Midwest Holding acquisition by Antarctica Capital completes
22nd December 2023
Midwest Holding Inc. has announced the completion of the acquisition of Midwest by an affiliate of Antarctica. If you recall, the transaction was first announced in May when the two firms entered into a definitive merger agreement. Then in July, it was confirmed that Midwest Holding's shareholders had approved the ... Read the full article
Aon’s acquisition of NFP has “execution risks”: Morgan Stanley
20th December 2023
Analysts at Morgan Stanley have highlighted how Aon's recently announced acquisition of middle-market property and casualty (P&C) broker, NFP, for $13.4 billion may have execution risks and will "take time to become accretive." Earlier today, it was reported that the broker had signed a definitive agreement to acquire NFP for ... Read the full article
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
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