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.
Chedid Capital acquires UK-based Trilogy MGA
12th September 2023
Chedid Europe Insurance & Reinsurance Brokerage Limited, a subsidiary of Chedid Capital, has acquired 100% of the share capital of UK-based Trilogy Managing General Agents Limited (Trilogy MGA) from Resolution Underwriting Holdings Limited. According to Chedid, this acquisition is in line with its strategy to grow its business in the United ... Read the full article
RiverStone International acquires Catalina Insurance Ireland
11th September 2023
RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has signed an agreement with members of the Catalina Group to acquire Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. The acquisition, which remains subject to regulatory approvals, is set to broaden RiverStone International's ... Read the full article
Acrisure acquires award-winning MGA Modus
7th September 2023
Global insurance broker Acrisure has announced the acquisition of Modus Underwriting Ltd (Modus), an award-winning, technology driven, Managing General Agent (MGA). Modus is an insurance provider that unites traditional insurance disciplines with cutting-edge technology to offer fully automated, e-traded insurance products for its partner brokers. Modus will be part of Acrisure ... Read the full article
Intact and RSA to acquire Direct Line’s brokered Commercial Lines operations
7th September 2023
Intact Financial Corporation and its subsidiary RSA have reached an agreement with Direct Line to acquire its brokered Commercial Lines operations for an initial cash consideration of £520 million. The deal also includes the potential for up to a further £30 million contingent payment under earnout provisions relating to the financial ... Read the full article
McGriff acquires Alternative Risk Resources
7th September 2023
Full-service retail insurance broker McGriff has announced that it has acquired Alternative Risk Resources (ARR), a Wisconsin-based commercial brokerage firm that specializes in captive insurance. Read Davis, CEO of McGriff’s Specialty and Middle Market business, commented, ”We have long admired and respected the ARR insurance team and its decades of experience ... Read the full article
Howden New Zealand completes acquisition of Apex Insurance
6th September 2023
Global insurance group, Howden has completed its acquisition of Apex Insurance New Zealand and its associated subsidiaries. Acquiring Apex will greatly accelerate Howden's ongoing strategy to form a leading broking operation in the Pacific region, as it builds on the foundation for the company's growth plans in New Zealand, as well ... Read the full article
CelsiusPro acquires Global Parametrics
6th September 2023
CelsiusPro AG has acquired Global Parametrics Holding Company Limited in a transaction that "significantly strengthens its global capabilities to offer parametric risk transfer solutions to both private and public sector clients in developed and developing economies." According to CelsiusPro, the acquisition creates an even stronger offering along the value chain of ... Read the full article
Arthur J. Gallagher & Co acquire Lifesure Group
5th September 2023
Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has announced the acquisition of Lifesure Group Limited, a UK-based personal lines insurance broking service. Terms of the transaction were not disclosed. Lifesure works predominantly in the vacation/holiday and leisure industry, with products including park home, motorhome, ... Read the full article
Compre acquires Irish subsidiary of Covéa
4th September 2023
Bermuda headquartered Compre, an international legacy group, has acquired Medical Insurance Company DAC (MIC), the Irish subsidiary of Covéa, a French mutual insurance company. MIC provided insurance policies covering professional medical malpractice risks. Compre signed the agreement to acquire MIC back in October 2022. The insurer had entered into run-off ... Read the full article
European Commission approves RenRe’s Validus Re acquisition
31st August 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of American International Group’s (AIG) treaty reinsurance business - which includes Validus Re - by Bermuda-based RenaissanceRe (RenRe). According to the announcement, the Commission concluded that the proposed acquisition would raise no competition concerns, given the ... Read the full article
+Simple and GMBC announce strategic merger to drive growth in European MGA market
31st August 2023
+Simple, a leading European digital insurance distribution platform for small businesses, and GMBC, a tech-enabled master MGA and reinsurance platform, have completed a strategic merger to drive growth in the European MGA market. According to the announcement, +Simple has acquired 100% of the share capital in GMBC through a combination of ... Read the full article
Aston Lark acquires insurance broker Curtis Marine
30th August 2023
Aston Lark, a Howden company, has announced the acquisition of Curtis Marine, a Plymouth-based marine insurance broker. Trading under the Haven Knox-Johnston name, Curtis Marine will become part of Howden’s rapidly expanding marine practice. The business will join Euromarine, A-Plan Marine and Howden Fastnet to collectively form part of Haven Knox-Johnston, which ... Read the full article
One80 acquires MGA GMI Insurance
29th August 2023
One80 Intermediaries, a specialty US insurance broker, has acquired Managing General Agent, GMI Insurance (GMI). Terms of the deal were not disclosed. Established in 1980, GMI specialises in commercial transportation and related insurance. The company initially focused on auto rental coverage and diversified its offerings to include a market leading, monoline ... Read the full article
Aston Lark Ireland acquires Finance Solutions
22nd August 2023
Aston Lark Ireland, a Howden company, has announced it has agreed terms to acquire Kegra Limited (Finance Solutions), strengthening its offering to the mortgage broking market. Founded in 2011 by Ken Murray, Finance Solutions is a financial services company based in Dublin. The firm specialises in mortgage broking, as well as providing ... Read the full article
Marsh to acquire Honan Insurance Group
21st August 2023
The insurance broker and risk advisor arm of Marsh McLennan, Marsh, has reached an agreement to acquire 100% of the outstanding share capital of Honan Insurance Group Pty Ltd, a specialist insurance broker in the areas of corporate risk, employee benefits, and strata and real estate insurance. Terms of the acquisition, ... 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.
