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.
AXA completes acquisition of Corebridge Financial’s Laya Healthcare
1st November 2023
Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the US, has completed the sale of Laya Healthcare Limited to a subsidiary of AXA. The sale was previously announced back in August 2023. It was stated that AXA would acquire Laya Healthcare for a total ... Read the full article
RenaissanceRe completes $3.3bn acquisition of Validus Re from AIG
1st November 2023
Bermuda-based reinsurer RenaissanceRe has completed its previously announced acquisition of Validus Re, the treaty reinsurance operation of global insurer AIG, a transaction it says creates immediate and long-term value for its shareholders. First announced back in May and approved by the European Commission in August, RenRe has now closed ... Read the full article
Brown & Brown to sell four TPA businesses to Davies Group
1st November 2023
Insurance brokerage firm, Brown & Brown has entered into an agreement with Davies Group Ltd., that includes the sale of four third-party administrator (TPA) businesses and a long-term strategic commercial relationship. The transaction is expected to close in December of 2023, and is subject to certain closing conditions. The announcement was made ... Read the full article
Ryan Specialty to acquire MGU AccuRisk Holdings
1st November 2023
Chicago-domiciled medical stop loss managing general underwriter (MGU), AccuRisk Holdings LLC, has signed a definitive agreement to be acquired by Ryan Specialty, an international specialty insurance firm. AccuRisk, founded in 2017, generated approximately $25 million of revenue for the 12 months ended July 31st, 2023. Terms of the transaction, which is expected ... Read the full article
Alliant announces trio of acquisitions in Oklahoma
31st October 2023
Alliant Insurance Services has announced three new acquisitions in Oklahoma, further expanding its presence in the state and the surrounding areas. First among these, though in no particular order, is Commercial Risk Group (CRG), a retail P&C insurance agency based in Broken Arrow, OK. Tom Corbett, Chairman and CEO of Alliant, commented, ... Read the full article
Ardonagh to expand European presence through acquisition of broker, ASSEPRO
31st October 2023
The Ardonagh Group has agreed to acquire ASSEPRO, a large independent commercial broker for small and medium-sized enterprises (SMEs) based in Switzerland, with further operations in both Austria and Liechtenstein. The company offers a wide range of general insurance, accidental & health, and life and pensions products, and is the largest ... Read the full article
R&Q agrees Accredited sale to Onex at $465m enterprise value
20th October 2023
Non-life specialty insurer R&Q Insurance Holdings has just confirmed that it has entered into a conditional agreement to sell its Accredited program Management business to private equity investment manager Onex Corporation. The sale was expected as R&Q had previously stated it was in advanced talks regarding a potential sale of ... Read the full article
White Mountains to acquire 70% stake in California MGA Bamboo
20th October 2023
White Mountains Insurance Group, Ltd. has entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC, a provider of homeowners' insurance for over 100,000 California policyholders. White Mountains is expected to invest approximately $285 million in the capital-light, tech and data-enabled insurance distribution platform, along with primary ... Read the full article
bolttech acquires Poland-based Digital Care
20th October 2023
Insurtech bolttech has acquired Digital Care, an embedded protection company based out of Poland. As per bolttech, the acquisition is a major step towards achieving its strategic goals in the EMEA region and globally, while also accelerating growth, particularly within the telecommunications industry. The insurtech noted that Digital Care has a strong ... Read the full article
Arthur J. Gallagher & Co. acquires Meadowbrook Insurance Agency
19th October 2023
Global insurance brokerage, Arthur J. Gallagher & Co., has announced the acquisition of Michigan-based Meadowbrook Insurance Agency. Terms of the transaction were not disclosed. Meadowbrook Insurance Agency is a retail insurance broker offering a comprehensive range of property/casualty and group benefits services to clients throughout Michigan and in Florida. As part of ... Read the full article
Intact approved to complete purchase of Direct Line’s brokered Commercial Lines operations
19th October 2023
Intact Financial Corporation and its subsidiary RSA have disclosed that all conditions related to its acquisition of Direct Line Insurance Group's brokered Commercial Lines operations have been fulfilled. According to Intact, the transaction is anticipated to close on October 26, upon payment of a £520 million cash consideration, as reported ... Read the full article
Brown & Brown announces acquisition of Pacific Underwriters
18th October 2023
Insurance brokerage Brown & Brown, through one of its subsidiaries, has acquired Washington-based Pacific Underwriters. With roots dating back to 1941, Pacific Underwriters acts as a program manager on behalf of certain public utility insurance risk pools in the State of Washington and also offers insurance solutions for dental practitioners in ... Read the full article
Accelerant expands to Canada with Omega Insurance acquisition
18th October 2023
Insurtech Accelerant has announced its expansion into the Canadian market through the acquisition of Omega Insurance Holdings, Inc. from Till Capital Ltd. Omega, based in Toronto, offers property and casualty insurance coverage. It also offers short-tail property insurance and reinsurance, caters to small-sized to medium-sized insureds, and reinsures smaller insurance companies. IRead the full article
Allianz to sell 49% stake in CPIC Fund Management
16th October 2023
Global insurer Allianz has entered into definitive agreements over the sale of its 49% stake in CPIC Fund Management Co., Ltd. to Guotai Junan Securities Co., Ltd. The transaction is subject to the approval of the China Securities Regulatory Commission (CSRC), and other relevant authorities. The divestment is in line with Allianz's ... Read the full article
Munich Re and DWS approved for acquisition of biogas plant owner Weltec
13th October 2023
Munich Re alongside investment firm DWS have been approved by the European Commission Directorate-General for Competition to acquire biogas plants operator, Weltec Holding. The transaction relates primarily to the operation of biogas and biomethane plants and the trading of its outputs, including electricity, heat, and fertiliser in Germany. DWS is a global ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
