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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.

Willis Towers Watson considering sale of Miller

20th February 2020

Re/insurance brokerage Willis Towers Watson (WTW) has confirmed that it is exploring “strategic alternatives” for its wholesale arm, Miller, which could include a potential sale. WTW originally acquired Miller in 2015, merging its wholesale activities with the firm but keeping the trading brand. In return, Miller’s treaty reinsurance, UK Corporate client and ... Read the full article

Chubb exploring merger deal for Saudi Arabian division

19th February 2020

Chubb Arabia Cooperative Insurance Company, the Saudi Arabian arm of global re/insurer Chubb, has said that it plans to enter into talks with Al Ahli Takaful Company about the possibility of a merger. If a merger discussion is agreed, both companies will sign a non-binding memorandum of understanding to evaluate a ... Read the full article

“Significant degree of continuity” between PartnerRe, Covéa: Moody’s

17th February 2020

Moody’s analysts see a “significant degree of continuity” between PartnerRe’s senior management and underwriting teams and its overall corporate strategy following a potential $9 billion acquisition by French insurance group Covéa. Already rumoured, parent company Exor SpA has confirmed that PartnerRe is the subject of sale talks. Should such a transaction ... Read the full article

Arch Re eyes Asia Pacific growth with PMAP acquisition

17th February 2020

The reinsurance arm of Arch Capital Group, Arch Reinsurance (Arch Re), has announced that it plans to obtain a majority stake in Precision Marketing Asia Pacific (PMAP). PMAP is an Australian company that provides marketing solutions to banks, insurance companies, retailers and health care organisations across the Asia Pacific region. The transaction ... Read the full article

Re/insurance M&A surged to four-year high in 2019: Clyde & Co

17th February 2020

The volume of mergers and acquisitions (M&A) in the re/insurance sector increased by 10% in 2019 with 419 deals completed worldwide, marking a four-year high, according to Clyde & Co. M&A volume was up from 382 in 2018, buoyed by an exceptionally strong first half of the year, the global law ... Read the full article

SCOR targets Brazilian agriculture sector with AgroBrasil acquisition

14th February 2020

French reinsurer SCOR has announced the acquisition of Brazil's family-owned agriculture focused Managing General Agent (MGA), AgroBrasil Administração e Participações Ltda (AgroBrasil). The acquisition of a majority stake in the firm marks a significant step in the continued development of SCOR's Specialty Insurance strategy, and provides the reinsurer with access to ... Read the full article

Arthur J. Gallagher to acquire Affiliated Benefit Consultants in Illinois

13th February 2020

Arthur J. Gallagher & Co. has announced the acquisition of Affiliated Benefit Consultants, Inc., a US provider of benefit consulting services. Affiliated Benefit Consultants was founded in 1986 and is based in Oakbrook, Illinois. Following the acquisition, President John Araujo and his associates will continue to operate in their current location. Going forward, ... Read the full article

DARAG bolsters UK presence with two acquisitions

12th February 2020

Legacy specialist DARAG Group Limited has completed its acquisition of The Underwriter Insurance Company Limited, and also its Sale and Purchase Agreement with One Re Ltd. Both transactions were completed via DARAG Deutsche Versicherungs- und Ruckversicherungs-AG, the legacy specialist's German operation. The Underwriter, which is a UK domiciled company that is in ... Read the full article

Insurtech firm Sapiens acquires sum.cumo

12th February 2020

Sapiens International Corporation, a global provider of software solutions for the re/insurance industry, has announced the completion of its acquisition of sum.cumo. sum.cumo is a German-based technology provider that offers digital solutions mainly to the insurance sector. The acquisition is expected to enable Sapiens to expand its footprint by offering its complete ... Read the full article

PartnerRe sale could reduce asset diversity for Exor: S&P

11th February 2020

Analysts at S&P Global Ratings have warned that Exor’s potential sale of Bermudian reinsurance firm PartnerRe could improve the company’s financial flexibility, but to the detriment of its asset diversity. Exor confirmed yesterday that it is in discussions with French insurance group Covéa regarding a deal that could see PartnerRe ... Read the full article

Tokio Marine completes $3.1bn acquisition of Pure Group

11th February 2020

Large Japanese property and casualty insurance group, Tokio Marine Holdings, Inc., has completed its previously announced acquisition of Privilege Underwriters, Inc. and its subsidiaries (Pure Group). It was announced in October of last year that Tokio Marine was set to acquire the US high net worth insurance specialist for $3.1 ... Read the full article

AXA confirms €1bn sale of Central European businesses

10th February 2020

French insurance and investment giant AXA has confirmed that it plans to sell its operations in Poland, Czech Republic and Slovakia to UNIQA Insurance Group AG for €1 billion. UNIQA had been pegged as one of three bidders in the running to secure AXA’s Central and Eastern European operations after Read the full article

Exor confirms talks with Covéa on rumoured $9bn PartnerRe sale

10th February 2020

Partner Re, the Bermuda-based reinsurance firm, is said to be the subject of discussions over a $9 billion potential sale between its current owner the Agnelli family-owned Exor and French insurance group Covéa. Already rumoured, Exor has now confirmed that PartnerRe is the subject of sale talks. The still rumoured price of ... Read the full article

IGI gains further approvals for public listing deal

7th February 2020

International General Insurance Holdings (IGI), the specialist commercial re/insurer, has gained further regulatory approvals for its planned business combination with Tiberius Acquisition Corp., which will result in the public listing of IGI. The Dubai Financial Services Authority is the latest regulator to give the transaction the green light, following approval ... Read the full article

Argo reaches agreement to sell Trident Public Risk Solutions to Paragon

7th February 2020

Argo Group International Holdings, Ltd. has announced that Paragon Insurance Holdings, LLC is to acquire its Trident Public Risk Solutions brand and underwriting platform. It's expected that the deal will complete in the coming months, and insurer and reinsurer Argo expects to report a pre-tax gain of around $37 million related ... Read the full article

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