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.
Howden New Zealand completes acquisition of Apex Insurance
6th September 2023
Global insurance group, Howden has completed its acquisition of Apex Insurance New Zealand and its associated subsidiaries. Acquiring Apex will greatly accelerate Howden's ongoing strategy to form a leading broking operation in the Pacific region, as it builds on the foundation for the company's growth plans in New Zealand, as well ... Read the full article
CelsiusPro acquires Global Parametrics
6th September 2023
CelsiusPro AG has acquired Global Parametrics Holding Company Limited in a transaction that "significantly strengthens its global capabilities to offer parametric risk transfer solutions to both private and public sector clients in developed and developing economies." According to CelsiusPro, the acquisition creates an even stronger offering along the value chain of ... Read the full article
Arthur J. Gallagher & Co acquire Lifesure Group
5th September 2023
Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has announced the acquisition of Lifesure Group Limited, a UK-based personal lines insurance broking service. Terms of the transaction were not disclosed. Lifesure works predominantly in the vacation/holiday and leisure industry, with products including park home, motorhome, ... Read the full article
Compre acquires Irish subsidiary of Covéa
4th September 2023
Bermuda headquartered Compre, an international legacy group, has acquired Medical Insurance Company DAC (MIC), the Irish subsidiary of Covéa, a French mutual insurance company. MIC provided insurance policies covering professional medical malpractice risks. Compre signed the agreement to acquire MIC back in October 2022. The insurer had entered into run-off ... Read the full article
European Commission approves RenRe’s Validus Re acquisition
31st August 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of American International Group’s (AIG) treaty reinsurance business - which includes Validus Re - by Bermuda-based RenaissanceRe (RenRe). According to the announcement, the Commission concluded that the proposed acquisition would raise no competition concerns, given the ... Read the full article
+Simple and GMBC announce strategic merger to drive growth in European MGA market
31st August 2023
+Simple, a leading European digital insurance distribution platform for small businesses, and GMBC, a tech-enabled master MGA and reinsurance platform, have completed a strategic merger to drive growth in the European MGA market. According to the announcement, +Simple has acquired 100% of the share capital in GMBC through a combination of ... Read the full article
Aston Lark acquires insurance broker Curtis Marine
30th August 2023
Aston Lark, a Howden company, has announced the acquisition of Curtis Marine, a Plymouth-based marine insurance broker. Trading under the Haven Knox-Johnston name, Curtis Marine will become part of Howden’s rapidly expanding marine practice. The business will join Euromarine, A-Plan Marine and Howden Fastnet to collectively form part of Haven Knox-Johnston, which ... Read the full article
One80 acquires MGA GMI Insurance
29th August 2023
One80 Intermediaries, a specialty US insurance broker, has acquired Managing General Agent, GMI Insurance (GMI). Terms of the deal were not disclosed. Established in 1980, GMI specialises in commercial transportation and related insurance. The company initially focused on auto rental coverage and diversified its offerings to include a market leading, monoline ... Read the full article
Aston Lark Ireland acquires Finance Solutions
22nd August 2023
Aston Lark Ireland, a Howden company, has announced it has agreed terms to acquire Kegra Limited (Finance Solutions), strengthening its offering to the mortgage broking market. Founded in 2011 by Ken Murray, Finance Solutions is a financial services company based in Dublin. The firm specialises in mortgage broking, as well as providing ... Read the full article
Marsh to acquire Honan Insurance Group
21st August 2023
The insurance broker and risk advisor arm of Marsh McLennan, Marsh, has reached an agreement to acquire 100% of the outstanding share capital of Honan Insurance Group Pty Ltd, a specialist insurance broker in the areas of corporate risk, employee benefits, and strata and real estate insurance. Terms of the acquisition, ... Read the full article
Harford Mutual announces merger agreement with ClearPath Mutual
18th August 2023
Harford Mutual Insurance Group has announced that it has received final approval from the Maryland Insurance Administration of the merger agreement with ClearPath Mutual Insurance Company, a monoline workers' compensation carrier headquartered in Louisville, Kentucky. According to Harford Mutual, post-merger, ClearPath Mutual will be renamed Clearpath Insurance Company and marketed as ... Read the full article
Zurich Holding Company of America acquires cyber firm SpearTip
15th August 2023
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has acquired SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services. According to the firm, this acquisition expands the cyber risk mitigation services available from Zurich Resilience Solutions, a global division of ... Read the full article
Alternative financing, ESG scrutiny to increase in M&A: Report
15th August 2023
Alternative financing is expected to increase over the next 12 months, according to Aon’s and data provider Mergermarket’s M&A Risk in Review latest edition. The survey revealed that 50 senior executives from corporate development teams, private equity firms and investment banks, dealmakers remain upbeat about the health of the M&A arena. Nearly ... Read the full article
DUAL enhances capabilities in equestrian sector with DAU acquisition
14th August 2023
DUAL, the specialist underwriting arm of Howden Group Holdings, has completed the acquisition of David Ashby Underwriting (DAU), a managing general agent (MGA) specialising in bloodstock and High Value Sports Horse insurance. According to the announcement, this acquisition enhances DUAL’s capabilities in the equestrian sector and cements the firm as a ... Read the full article
Arthur J. Gallagher acquires Wigmore Insurance Agency
8th August 2023
Global insurance brokerage firm, Arthur J. Gallagher has acquired Costa Mesa, California-based Wigmore Insurance Agency, Inc. The terms of the transaction were not disclosed. Wigmore is retail insurance broker that provides a broad selection of commercial and personal insurance services to clients throughout Southern California. The company is headed by ... Read the full article
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