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.
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
Ardonagh Group completes acquisition of Classicus
3rd August 2023
The Ardonagh Group has completed its acquisition of broker Classicus, marking a continued effort to build on its specialist capabilities and platform for growth in the Netherlands and across Europe. Headquartered in Amsterdam, Classicus provides a range of specialist high-net-worth products for classic and luxury cars, yachts, and art collections together ... Read the full article
AXA to acquire Corebridge Financial’s Laya Healthcare for €650m
3rd August 2023
Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the US, has entered into a definitive agreement to sell its subsidiary, Laya Healthcare Limited (Laya Healthcare), to AXA for a total consideration of €650 million in cash. According to the announcement, the sale is expected to ... Read the full article
Monument Re acquires portfolio from Federale Verzekering
3rd August 2023
Monument Re, a life insurance reinsurer and insurance holding company, has announced that it's Belgian subsidiary, Monument Assurance Belgium (MAB) has completed the acquisition of a run-off block of retail life policies, annuities and associated assets from Federale Verzekering (Federale). “We are pleased to have completed this transaction with Federale as ... Read the full article
Marsh McLennan Agency acquires Philadelphia-based Graham Company
2nd August 2023
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Philadelphia, Pennsylvania-based Graham Company, a risk management consultancy and "one of the top independent insurance and employee benefits brokers in the United States." Founded in 1960, Graham Company specialises in providing business insurance, employee benefits, and surety brokerage services ... Read the full article
Marsh McLennan to acquire Costa Rica-based broker Asprose
31st July 2023
Re/insurance brokerage Marsh McLennan has agreed to acquire ASPROSE Corredora de Seguros, S.A (Asprose), one of Costa Rica’s leading insurance brokers. The transaction, which terms have not been disclosed, is expected to close later in the third quarter of 2023. Ricardo Brockmann, CEO, Marsh McLennan, Latin America and the Caribbean, commented: “This ... Read the full article
Midwest Holding shareholders approve merger agreement with Antarctica Capital
31st July 2023
Midwest Holding Inc. has announced that its shareholders have approved the previously announced merger agreement whereby an affiliate of international investment firm Antarctica Capital will acquire Midwest. At a special meeting of stockholders it was decided that the merger will take place for $27.00 per share in cash. According to the final ... Read the full article
RenRe’s Validus Re acquisition “on track”
28th July 2023
RenaissanceRe's (RenRe) acquisition of Validus Re and all its subsidiaries from global player AIG is on track, according to Bob Qutub, Chief Financial Officer (CFO) of the Bermuda headquartered re/insurer. With this move, RenRe aims to become a top-5 global property and casualty reinsurer with the acquisition of Validus and ... Read the full article
Risk Strategies acquires P&C insurance broker, Castle Rock Capacity
27th July 2023
Risk Strategies, a specialty insurance brokerage and risk management firm, has acquired Castle Rock Capacity, a full-service property & casualty (P&C) insurance broker with expertise in the construction, real estate and development industries. Terms of the deal were not disclosed. Headquartered in New York City, Castle Rock was co-founded in 2006 by ... Read the full article
Arthur J. Gallagher acquires Hagan Insurance Group
25th July 2023
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Sioux Falls, South Dakota-based Hagan Insurance Group. Terms of the transaction were not disclosed. Established more than three decades ago, Hagan Insurance Group has been providing insurance member benefits and financial management to ... Read the full article
Helios acquires LLV Park Farm Underwriting Limited
25th July 2023
Helios, an investment vehicle that acquires and consolidates underwriting capacity at the specialist Lloyd’s insurance and reinsurance marketplace, has completed a further LLV acquisition. The LLV purchased includes Park Farm Underwriting Limited for a consideration of £3.2 million, which represents a 6.3% discount on the Humphrey Valuation. Park Farm Underwriting Limited's syndicate ... Read the full article
Howden Switzerland acquires specialist aviation broker Hudson Sky
24th July 2023
Global insurance group Howden has acquired Hudson Sky International, securing its position as a "preeminent broker" in the aviation insurance sector in Switzerland. According to Howden, this acquisition is part of the firm's wider strategy to become a leader in its chosen specialty markets and underlines its continued investment in expertise ... Read the full article
Midwest shareholders advised to vote “FOR” proposed acquisition by Antarctica Capital
19th July 2023
Midwest Holding Inc. has announced that independent proxy advisory firms Institutional Shareholder Services, Inc. (ISS) and Glass Lewis recommended that Midwest shareholders vote "FOR" the proposed acquisition of Midwest by Antarctica Capital In May it was reported that Midwest and investment firm Antarctica Capital entered into a definitive merger agreement ... Read the full article
Tokio Marine HCC to acquire Gulf Guaranty Employee Benefit Services
19th July 2023
Tokio Marine HCC, a member of the Tokio Marine Group has signed a definitive agreement to acquire Gulf Guaranty Employee Benefit Services, Inc. (Gulf Guaranty). Gulf Guaranty is a third-party administrator and managing general underwriter that designs, underwrites and administers group gap medical plans for small and mid-sized businesses. The transaction, which ... Read the full article
Nexus Underwriting completes acquisition of Evolve Cyber Insurance Services
17th July 2023
Nexus Underwriting has announced the completion of its acquisition of Evolve Cyber Insurance Services LLC, a California-headquartered cyber MGA. Marking the 17th acquisition for Nexus since its formation in 2008, this latest transaction helps the firm expand into the specialist cyber class of business. Cyber MGA Evolve will now offer the ... Read the full article
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