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.
AFG completes acquisition of AIG’s Crop Risk Services
4th July 2023
American Financial Group (AFG) has completed the purchase of Crop Risk Services (CRS) from AIG. Illinois-based, CRS is a primary crop insurance general agent and is the seventh largest provider of multi-peril crop insurance in the United States, based on 2022 premiums. The purchase agreement was first announced in May 2023. Under ... Read the full article
BMS Group acquires insurance broker Bluebook
4th July 2023
The independent specialist insurance and reinsurance broker, BMS Group, has entered into an agreement to acquire Brisbane-based Bluebook Insurance Brokers. The deal marks the sixth Australian acquisition by BMS in the past year as the company looks to grow its operations in Australia. Founded in 2018, Bluebook offers tailored insurance broking, risk ... Read the full article
Guy Carpenter completes acquisition of Israel reinsurance broker Re Solutions
3rd July 2023
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has completed its previously announced acquisition of Re Solutions, now Guy Carpenter Israel. Asaf Grinstein, formerly CEO of Re Solutions, has been named CEO at Guy Carpenter Israel. According to the firm, Guy Carpenter Israel is ... Read the full article
CCR RE gets €200m capital injection as SMABTP & MACSF take control
3rd July 2023
A consortium comprised of SMABTP and MACSF have completed the acquisition of a majority shareholding in French reinsurer CCR RE, and also injected an additional €200 million of capital into the reinsurer, following relevant approvals being granted by the regulatory bodies. The acquisition represents a "strategic diversification project" for the two ... Read the full article
Assured Guaranty asset management arm acquired by Sound Point Capital
3rd July 2023
Assured Guaranty, a Bermuda-based holding company, has completed the business combination of Assured Guaranty’s asset management business with Sound Point, becoming a significant equity holder. As part of the transaction, Assured Guaranty has contributed its entire equity interest in Assured Investment Management LLC and, with certain AHP-related exceptions, its related asset ... Read the full article
US insurance M&A resilient in a challenging deals environment: PwC
30th June 2023
In contrast to the broader deals slowdown in other sectors, there were 194 announced insurance M&A transactions representing over $7 billion in value for the six months from mid-November 2022 to mid-May 2023, suggests a new report from PwC. This total compared to 263 announced transactions and $2 billion in deal ... Read the full article
Brookfield Reinsurance delivers proposal to acquire AEL for $4.3bn
27th June 2023
Brookfield Reinsurance has announced that following close of markets on June 26, 2023, the company has submitted a letter to the board of directors of American Equity Investment Life Holding Company (AEL) setting forth a proposal to acquire all of the outstanding shares of common stock of AEL not already ... Read the full article
Insurance Quantified acquires P&C data provider Groundspeed Analytics
22nd June 2023
Insurance Quantified, a commercial P&C underwriting technology provider, has acquired the ingestion and data solutions firm, Groundspeed Analytics. According to Insurance Quantified, the acquisition will strengthen its market leadership in underwriting technology and further its mission to maximise the value of data for commercial P&C insurers. The deal was completed on June ... Read the full article
Howden expands European footprint with acquisition of two Swiss brokers
21st June 2023
International insurance broker Howden has expanded its footprint its Switzerland following its acquisition of insurance brokers argenius Risk Experts AG (argenius) and RVA Versicherungsbroker AG (RVA). Born Consulting AG, which has been part of Howden Switzerland since 2022, is acquiring RVA. argenius and RVA are both well known Swiss insurance ... Read the full article
Howden acquires German marine broker Northern Lloyd
16th June 2023
International insurance broker Howden has acquired Bremen-based broker Northern Lloyd, one of the leading marine brokers in Northern Germany. The acquisition of Northern Lloyd reinforces Howden’s strategy to become the market leader for marine business in Germany, the broker stated. According to the announcement, by constructing a team with local, specialist expertise, ... Read the full article
Generali to acquire Liberty Seguros for $2.5bn
15th June 2023
Liberty Mutual Insurance has agreed to sell its Madrid headquartered personal lines and small commercial insurance business, Liberty Seguros, S.A., to Generali Group for USD 2.5 billion (EUR 2.3 billion), subject to customary closing adjustments. The deal includes Liberty Seguros operations in Ireland, Northern Ireland, Portugal, and Spain. Liberty Mutual's other European ... Read the full article
Core Specialty forms Medical Stop-Loss Division
12th June 2023
Core Specialty and its subsidiaries, have announced the formation of a Medical Stop-Loss Division through the acquisition of the MGU/Stop-Loss business of American National Group (ANAT). According to the announcement, the business is being acquired for cash through the acquisition of 100% of the stock of Standard Life and Accident Insurance ... Read the full article
Global Indemnity says multiple parties interested in merger or acquisition
12th June 2023
Global Indemnity Group, LLC has announced that in recent days, multiple parties indicated a preliminary interest in exploring an acquisition of or merger with Penn-America, Global Indemnity's insurance group, or an acquisition of or merger with Global Indemnity itself. The company is responding to certain of these preliminary indications of interest, ... Read the full article
Marco Capital acquires UK insurance company from The Hartford
9th June 2023
Marco Capital Holdings Limited, an European P&C insurance run-off group, has completed the acquisition of Navigators International Insurance Company Limited (NIIC) from The Hartford. Originally announced on February 17, 2023, the transaction received regulatory approval and has now closed. Simon Minshall, Marco CEO, commented: “We are delighted to have closed another transaction ... Read the full article
Europ Assistance expands in Asia-Pacific with AXA Partners acquisition
8th June 2023
Europ Assistance has acquired several of AXA Partners’ assistance businesses in the Asia-Pacific region, a move that supports the company’s strategic expansion. The acquisitions cover a number of assistance subsidiaries in Hong Kong, Japan, Malaysia, Taiwan, and Thailand. This includes AAN and AAI Hub in Malaysia, AXA Assistance Japan, IPA Thailand, IPA ... Read the full article
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