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.
Tiptree’s Fortegra acquires majority interest in Premia Solutions
13th February 2023
Global specialty insurer Fortegra, a subsidiary of Tiptree, has announced it has acquired a majority interest in Premia Solutions Limited, further expanding its Automotive Market Solutions in the UK and Ireland. Founded in 2000, Premia supports more than 2,000 automotive dealerships and leasing brokers, offering a suite of add-on insurance and ... Read the full article
CCR looks to transfer control of CCR RE and increase its capital
8th February 2023
CCR has entered into exclusive negotiations with the consortium made up of SAMBTP and MACSF to transfer control of CCR RE, the French state-owned reinsurer, and increase its capital by €200 million. According to the firm’s statement, under the proposed transaction, CCR would initially dispose of approximately 70% of CCR RE’s ... Read the full article
Brookfield Reinsurance’s expansion continues with $1.1bn Argo acquisition
8th February 2023
Brookfield Reinsurance, the operator of a financial services business providing capital-based solutions to the insurance industry, has announced the acquisition of Argo Group International Holdings, Ltd. in an all-cash transaction valued at roughly $1.1 billion. The Boards of Directors of both Brookfield Reinsurance and Argo have unanimously approved the definitive merger ... Read the full article
Specialty MGA UK acquires ForestRe
8th February 2023
Specialty MGA UK, a recently formed MGA focused on providing additional capacity for specialty lines of businesses, has acquired commercial forest and plantation specialist, ForestRe. ForestRe Managing Director, Phil Cottle and his team are global leaders in specialist services for commercial forests and plantations and provide insurance services for clients, ... Read the full article
Ardonagh Group completes acquisition of Australian insurance firm Envest
6th February 2023
The Ardonagh Group, one of the largest independent insurance brokers in the UK, has completed the acquisition of Australian insurance firm, Envest. This news came shortly after the firm announced it had agreed to acquire Envest for AUD482 million (£270 million). Managing Director Greg Mullion will continue to lead Envest, which ... Read the full article
Westfield completes acquisition of Lloyd’s Syndicate 1200 from Argo Group
3rd February 2023
Westfield Specialty, a US property and casualty insurer, has announced the completion of its acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings. The deal was first announced in September of last year for a disclosed purchase price of approximately $125 million. At the time, Syndicate 1200 ... Read the full article
Verisk completes sale of its energy business, Wood Mackenzie to Veritas
3rd February 2023
Global data analytics provider Verisk has completed the sale of its energy business, Wood Mackenzie, to Veritas Capital for $3.1 billion. Plans for the sale were originally announced in October 2022. Over the last year, Verisk has also been shifting its focus towards becoming a pure-play re/insurance business. This sale therefore ... Read the full article
Amwins Global Risks drives energy presence with RAP acquisition
2nd February 2023
Amwins Global Risks, the international arm of insurance broker Amwins, has acquired energy and marine focused broker, Roberts Armytage & Partners (RAP), as it seeks to expand its energy practice in London. "We couldn't be more excited about partnering with RAP as we have a history built on the success of strategic ... Read the full article
Slide acquires Florida renewal rights & intellectual property from UPC
1st February 2023
Full-stack insurtech Slide Insurance has acquired the exclusive renewal rights for over 91,400 Florida homeowners insurance policies from UPC Insurance. Slide suggests that the acquired policies represent $272 million in annual premium, bringing its total in-force premium value to $560 million. Under the terms of the transaction, UPC will cancel most of ... Read the full article
Coface acquires data analytics boutique, Rel8ed
31st January 2023
Coface, a leader in trade credit insurance and adjacent specialty services, has acquired North American data analytics boutique Rel8ed. The acquisition will bring in new and rich data sets, and analytics capabilities which will benefit Coface trade credit insurance, as well as the company’s business information customers and teams. Founded in 2015 ... Read the full article
Davies acquires insurance consulting business, MVP Advisory Group
30th January 2023
Davies, a specialist professional services and technology business, serving insurance and highly regulated markets, has acquired MVP Advisory Group, LLC, the consulting business specialising in advisory & transformation projects for the property & casualty and life & health insurance markets. Following the acquisition, MVP will join Davies’ global Consulting division led ... Read the full article
Global M&A set for positive start to year following strong finish in 2022: WTW
26th January 2023
A positive performance in the final three months of 2022 saw M&A deals outperform non-acquirers for a second consecutive quarter, according to research on completed deals from WTW’s Quarterly Deal Performance Monitor (QDPM). Based on share price performance, WTW states that companies making M&A deals outperformed the wider market by +5.2pp ... Read the full article
At-Bay acquires licensed P&C insurance carrier
26th January 2023
Cyber insurance provider, At-Bay, has completed the acquisition of At-Bay Specialty Insurance Company - a Delaware-domiciled E&S lines P&C insurer licensed in 44 states, from XL Insurance America, Inc. By making the move to a full-stack carrier, this will now allow the firm to better serve its policyholders and accelerate planned ... Read the full article
Dayforward raises $25m with participation from Munich Re
24th January 2023
Digital life insurance company Dayforward, has announced it has raised new capital and the acquisition of Commercial Travelers Life Insurance Company (CTLIC), an insurance carrier founded in 1883. The insurer has raised a $25m round of funding led by AXA Venture Partners, with participation from existing investors including HSCM Ventures, Juxtapose, ... Read the full article
Schofield & Cutts-Watson to merge captive & ART consultancies
20th January 2023
Industry veterans Oliver Schofield and Malcolm Cutts-Watson have announced that they plan to merge their two consultancy businesses – RISCS and CWC – of which they are Managing Partner and Founder, respectively. Founded by Schofield in 2012, Risk & Insurance Strategy Consultants (RISCS) is an independent consultancy that provides captive and ... Read the full article
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