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 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
NBS acquires Capital Markets Underwriting
17th July 2023
Managing General Agent NBS Underwriting has announced the acquisition of Capital Markets Underwriting Limited (CMU), an independent Underwriting Agency and Lloyd’s Coverholder. According to NBS, this "strategic move" is a significant step in its mission to double in size within the next five years through organic growth and acquisitions. "The addition of ... Read the full article
Helios acquires entire issued capital of Chorlton Underwriting
14th July 2023
In line with its strategy of increasing underwriting capacity through acquisition, Helios Underwriting has acquired the entire issued capital of Chorlton Underwriting Limited for a total consideration of £1,996,830. Of this total, £200,000 has been satisfied by the issue of 123,457 ordinary shares of £0.10 each in the Company (New Ordinary ... Read the full article
Arthur J. Gallagher acquires Benchmark Commercial Insurance Services
13th July 2023
Arthur J. Gallagher & Co. has announced the acquisition of Carlsbad, California-based Benchmark Commercial Insurance Services. Benchmark is a retail insurance agency that has been offering commercial and personal risk management and insurance solutions to business owners in San Diego and the surrounding area for the last two and a half ... Read the full article
AXA acquires Groupe Assurances du Crédit Mutuel España
13th July 2023
Global insurer AXA has announced the completion of the acquisition of Groupe Assurances du Crédit Mutuel España (GACM España). GACM España is a predominantly P&C and health insurance subsidiary in Spain. Under the terms of the transaction, AXA has acquired GACM España for a total cash consideration of €310 million, in line ... Read the full article
Clear Group drives MGA build with acquisition of One Commercial Specialty Limited
12th July 2023
Insurance broker Clear Group has announced its acquisition of Specialty Lines MGA, One Commercial Specialty Limited. This marks Clear Group's second MGA deal, as earlier this month the broker announced the acquisition of a 50% shareholding in Thomond Underwriting Limited, based in the Republic of Ireland and Northern Ireland. This second ... Read the full article
AXA reportedly considering sale of reinsurance arm
12th July 2023
French insurer AXA is reportedly considering the sale of reinsurance division, AXA XL Re, in an effort to lower its exposure to natural disasters, reports Reuters. According to people familiar with the matter, the large insurer is discussing strategic options for the reinsurance arm which sits under AXA XL, including a ... Read the full article
NSM Insurance Group acquires Shield Commercial Insurance Services
11th July 2023
Specialty insurance provider NSM Insurance Group has completed its acquisition of California-based Shield Commercial Insurance Services. Shield is exclusively focused on underwriting business for small and mid-sized contractors, offering coverages for General Liability, Excess Liability, Workers' Compensation, Inland Marine and Contractors Professional & Pollution Liability. Bill McKernan, President of NSM Insurance Group, ... Read the full article
Ardonagh Advisory acquires AMS Insurance Solutions
11th July 2023
Ardonagh Advisory has announced the acquisition of AMS Insurance Solutions Ltd, further bolstering the firm's presence in the southwest of England. According to Ardonagh, AMS is a highly regarded regional broker, providing commercial and personal lines insurance, with specialisms in construction, manufacturing, liability and warehousing and distribution products as well as ... Read the full article
Marco Capital acquires Guernsey-based Kelvin Re
10th July 2023
Marco Capital Holdings Limited, the European P&C insurance run-off group, has announced the acquisition of Kelvin Re Limited. Terms of the sale were not disclosed. Kelvin Re is a Guernsey based reinsurance company, authorised by the Guernsey Financial Services Commission. Humboldt Re, Marco’s 100% owned Guernsey subsidiary - acquired in ... Read the full article
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