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.
SRG enhances professional lines offering with TLO Risk Services acquisition
23rd May 2023
Insurance industry intermediary Specialist Risk Group (SRG) has announced the acquisition of TLO Risk Services, a firm specialising primarily in the legal sector. According to the announcement, the acquisition of TLO will enhance SRG’s professional lines offering and expand its capabilities to cater to the insurance needs of firms across a ... Read the full article
RenRe acquiring Validus from AIG for $3bn, to become top-5 P&C reinsurer
23rd May 2023
RenaissanceRe, the Bermuda headquartered re/insurer, is aiming to become a top-5 global property and casualty reinsurer with the acquisition of Validus and all its subsidiaries from global player AIG for around $3 billion. RenaissanceRe (RenRe) is set to raise capital to complete this significant acquisition, with an offering of 6.3 million ... Read the full article
Arthur J. Gallagher acquires Texas-based RHP General Agency
19th May 2023
Arthur J. Gallagher & Co's subsidiary, Risk Placement Services, Inc. (RPS), has acquired Houston, Texas-based RHP General Agency, Inc. RHP is a licensed managing general agency specialising in residential property insurance for clients throughout Texas. According to the firm, its main focus is providing insurance on properties that don’t qualify for coverage ... Read the full article
Sampo to become pure-play P&C insurer after demerger approved
19th May 2023
In line with its P&C-focused strategy, Sampo plc announced a strategic review of Mandatum’s role within the group on December 7th, 2022. After assessment of options, the Board resolved to propose a demerger of Sampo to separate Mandatum. At the Annual General Meeting, held May 17th, 2023, it was resolved ... Read the full article
McGowan acquires assets of Conway Holdings
19th May 2023
The McGowan Companies, a provider of specialised insurance programs, has acquired the assets of Conway Holdings, LLC, Conway E&S, Inc., and Conway Alternative Risk Solutions, LLC., collectively known as Conway. US-based Conway is a national, well-respected group of wholesale brokerages, program administrators, program brokers, and captive managers. It specialises in the underwriting ... Read the full article
Generali Malaysia aims higher positioning post business integration
18th May 2023
Generali Malaysia aims to become one of the largest general insurers and emerging life insurer in Malaysia following its business integration with Affin Bank Bhd. Generali Group successfully acquired a controlling majority in AXA Affin joint ventures in Malaysia and completed the purchase of MPI Generali Insurans Berhad. The transaction valued ... Read the full article
Risk Strategies expands presence in Florida with acquisition of Combined Underwriters of Miami
17th May 2023
Insurance brokerage and risk management firm, Risk Strategies, has acquired Combined Underwriters of Miami - a full-service independent insurance agency that provides commercial and personal insurance products to clients in South Florida. Terms of the deal were not disclosed. Headquartered in Miami, Combined Underwriters offers a variety of insurance and employee benefit ... Read the full article
Acrisure acquires Portuguese insurance broker Universalis
17th May 2023
Financial technology and insurance company Acrisure has signed an agreement to acquire Portuguese insurance broker Universalis. According to Acrisure, the transaction is under review by the Portuguese Regulator (ASF) and will complete subject to their approval. Greg Williams, Co-Founder, Chairman and CEO Acrisure, commented, “Universalis boasts an impressive track record of growth ... Read the full article
Monument Re reaches agreement to acquire portfolio From Integrale Lux S.A.
16th May 2023
Life insurance and reinsurance holding company Monument Re has announced that its Luxembourg subsidiary Monument Assurance Luxembourg S.A. (MAL), has reached an agreement with Integrale Luxembourg to acquire its closed book portfolio of long term life insurance business. Intergrale Luxembourg's portfolio serves mainly the Luxembourgish, Dutch and French markets, and is strategically ... Read the full article
Amynta Group acquires Ambridge Group from Brit
11th May 2023
Amynta Group, Brit Ltd (Brit), a subsidiary of Fairfax Financial Holdings Limited (Fairfax), and Fairfax have announced the successful completion of the acquisition of Ambridge Group from Brit for a purchase price of $400 million. Amynta Group is a premier insurance services company with more than $3.5 billion in total managed ... Read the full article
Confie expands in Florida with acquisition of Estrella Insurance
11th May 2023
Confie, a leading personal lines insurance distribution company, has expanded its presence in Florida through the acquisition of Estrella Insurance to its non-standard national brand, Freeway Insurance. Estrella Insurance operates in more than 190 locations across Florida, California, Arizona, Texas, and Colorado. The company’s product portfolio consists of auto, home, commercial, business, life, and health. Additionally, Estrella ... Read the full article
Constellation’s Chilean subsidiary to acquire $2.6 bn annuity portfolio from Zurich
9th May 2023
Constellation Insurance Holdings, Inc.'s (Constellation) Chilean subsidiary, Ohio National Seguros de Vida S.A., has entered into an agreement to acquire Zurich Insurance Group's (Zurich) annuity portfolio of nearly $2.6 billion in reserves held in Chile. Ohio National Seguros de Vida S.A., which has been operating in Chile since 1993, offers a range ... Read the full article
Monarch E&S expands footprint with acquisition of Commonwealth Underwriters
9th May 2023
Monarch E&S Insurance Services, a division of Specialty Program Group LLC, has announced its acquisition of the assets of Commonwealth Underwriters, Ltd., a specialty lines MGA and wholesale broker that has a strong presence within key markets across the US. The acquisition represents a strategic move for Monarch E&S as the ... Read the full article
Lockton acquires THB Brazil from Amwins
5th May 2023
Lockton has announced the acquisition of THB Brazil from Amwins as the insurance broker continues to expand its footprint across Latin America; terms of the transaction were not disclosed. Upon completion of the deal, Eduardo Lucena, chief executive officer of THB Brazil, will assume new responsibilities as Deputy chief executive officer ... Read the full article
Arthur J. Gallagher expands fine art expertise with accurART acquisition
4th May 2023
Re/insurance broking firm Arthur J. Gallagher & Co has acquired Switzerland-based fine art insurance broker, accurART. Terms of the transaction were not disclosed. A market-leader in Switzerland, accurART specialises in insurance for private art collections, museums, galleries and for fine art exhibitions. The firm also offers cover for other valuables, which includes ... Read the full article
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