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.
Acrisure expands into Brazil via It’sSeg takeover
21st October 2021
Insurance broker and fintech services provider Acrisure has announced plans to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The deal marks Acrisure’s entry into the Brazilian market and represents a substantial expansion of its Latin American operations. Founded in 2014 by Thomaz Menezes and the private ... Read the full article
Howden acquires Bermudian broker Foram
21st October 2021
International insurance broker Howden has announced the acquisition of Bermuda-based Foram Brokerage as the firm looks to demonstrate its commitment to the Bermudian market. An independent re/insurance broker, Foram provides speciality services in Casualty, Energy, Professional Lines, Construction, Product Recall, Property and Healthcare lines. The purchase is considered complementary to Howden’s existing ... Read the full article
BMS acquires Value-add Insurance Broker
21st October 2021
Independent reinsurance broker BMS, has acquired Seoul-based insurance broker, Value-add Insurance Broker (VIB). As part of the acquisition, VIB will become a newly-licensed entity called BMS Korea, operating under the wider BMS Asia team, and will provide specialist M&A insurance solutions to the Korean market. The move is part of BMS’ strategy ... Read the full article
IQUW in proposed acquisition of Agora Holdings
21st October 2021
Property, commercial and speciality insurer and reinsurer, IQUW, has revealed plans to acquire Agora Holdings and combine its business with IQUW's existing Property portfolios. IQUW intends to acquire Agora and its subsidiaries, the Group responsible for providing underwriting services to Agora, Lloyd's Syndicate 3268. The company reports that discussions to close the ... Read the full article
Marco completes acquisition of Guernsey’s Humboldt Re
20th October 2021
European P&C insurance run-off group Marco Capital Holdings has purchased Humboldt Re Limited, a Guernsey based reinsurance company. Humboldt is one of Credit Suisse's reinsurers, set up to underwrite for its ILS funds and other investors The deal is reported to have already received regulatory approval from the Guernsey Financial Services Commission ... Read the full article
India’s Edelweiss approved to divest broking arm to Gallagher
20th October 2021
Indian financial services firm Edelweiss Group has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to divest its insurance broking arm to Gallagher. Gallagher revealed its intention to purchase the remaining shares of Edelweiss Insurance Brokers Limited back in July, following a minority investment in 2019, ... Read the full article
Taussig Capital acquires Spencer Re
18th October 2021
Taussig Capital, an advisory firm with a focus on asset managers, family offices, insurers, reinsurers, and banks, has acquired all of the voting shares of Spencer Re I.I., which will be rebranding as Taussig Capital Re. Founded in 2006 and licensed in Puerto Rico, Spencer Re I.I. is a global insurance ... Read the full article
Abu Dhabi’s ADQ acquires remaining 20% of Munich Re’s Daman
14th October 2021
Abu Dhabi-based ADQ, one of the region’s largest holding companies, has entered into an agreement to acquire the remaining 20% equity stake of The National Health Insurance Company – Daman – PJSC, from Munich Re. As a partner to ADQ, Munich Re will continue in its capacity as the company's reinsurer. Since ... Read the full article
AJ Gallagher acquires Arkansas brokerage Alpha Surety
13th October 2021
Arthur J. Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has announced the acquisition of Alpha Surety & Insurance Brokerage. Alpha Surety is based in Little Rock, Arkansas and was founded in 2002. It focuses primarily on selling direct and wholesale commercial surety bonds in key industry ... Read the full article
Global Atlantic acquires majority stake in eRESI Mortgage
13th October 2021
Life and annuity insurer The Global Atlantic Financial Group (Global Atlantic) has made a strategic investment and capital commitment to become eRESI Mortgage's majority owner. eRESI Mortgage will continue to operate under a newly formed entity, eRESI Capital, being led by Gregory Tsang, Chief Executive Officer and Tim Wang, President. It's is ... Read the full article
Howden to acquire rival broker Aston Lark
13th October 2021
International insurance broker Howden is to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital. One of the UK’s leading independent, specialist complex commercial and private client brokers, Aston Lark is considered a means for Howden to complete its UK broking business. Aston Lark will join A-Plan Group and Howden UK ... Read the full article
Mosaic adds M&A tax specialist Jon Hutchens to key SVP role
13th October 2021
Mergers and acquisitions tax specialist Jon Hutchens has joined Mosaic Insurance as the company looks to build out its US-based transactional liability team to meet rising demand. Based in Virginia, Hutchens will serve as Senior Vice President, Global Head of Tax, Transactional Liability; he reports to the unit’s global head, William ... Read the full article
Howden acquires Aneco Forsikringsmegling
12th October 2021
International insurance broker Howden has acquired Oslo-based retail broker Aneco Forsikringsmegling (Aneco) as part of its ongoing strategy to invest in expertise in Europe and expand its operations for the benefit of local and international clients. Aneco is an independent insurance broker operating in the Property and Casualty and Employee Benefits ... Read the full article
Occam acquires terror-focused MGA Beech Underwriting
11th October 2021
Occam Underwriting, the specialist lines focused Managing General Agency (MGA), has announced the acquisition of terrorism insurance MGA Beech Underwriting Agencies Ltd. The acquisition forms part of Occam’s strategy to diversify into additional lines of business with the continued support of Hudson Structured Capital Management Ltd., which does its re/insurance business ... Read the full article
Howden Belgium acquires broker Sarton & Associés
11th October 2021
The Belgium-based arm of International insurance broker Howden has announced the acquisition of Sarton & Associés, the firm's first acquisition since its launch in 2020. Howden Belgium sees this deal as having reinforced the ambition to expand its retail operations across Belgium to service local and multinational clients. The Sarton & Associés ... Read the full article