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.

Munich Re’s Ergo sells legal insurance subsidiaries to Allianz

10th January 2018

German insurance and reinsurance group Munich Re has sold three of its ERGO Group operated legal insurance subsidiaries to Allianz Group. ERGO Group AG has sold its legal protection insurance subsidiary DAS Switzerland and the assets of DAS Luxembourg and Slovakia to Allianz, as it seeks to rationalise its primary insurance ... Read the full article

AIG shows appetite for large M&A deals: Reports

10th January 2018

Insurance giant American International Group (AIG) has reportedly regained its appetite for large mergers & acquisitions (M&A)  deals, with a significant war chest of billions ready to put to work, since new CEO Brian Duperreault came on board. Bloomberg first reported that AIG had been in the running ... Read the full article

Singapore Life acquires $4.5bn business portfolio from Zurich Life Singapore

9th January 2018

Singapore Life Pte. Ltd. is to acquire the business portfolio of Zurich Life Singapore, an agreement that sees the former take responsibility for all of Zurich Life Singapore's clients' policies, totalling roughly SGD6 billion (US$4.5 billion). The agreement represents coverage for life, critical illness, and disability benefits, and all policyholders that ... Read the full article

Stonybrook assists sale of Maidstone Insurance to Special Diversified Opportunities Inc.

8th January 2018

U.S. domiciled insurer, Maidstone Insurance Company, has been sold to Special Diversified Opportunities Inc., in a deal that was assisted by Stonybrook Capital. Stonybrook Capital, which is an affiliate of Weild & Co., was named the exclusive sell-side financial advisor to Northwood Ventures, a venture capital and buyout investor, in its sale of Maidstone. Northwood Ventures Managing ... Read the full article

Sompo International to acquire Lexon Surety Group

4th January 2018

Bermuda domiciled property and casualty reinsurer, Sompo International, has revealed that its U.S. platform has reached an agreement to acquire the operating subsidiaries of Lexon Surety Group LLC. The staff of Lexon and its office locations will be retained under the acquisition, and David Campbell will remain as President of Lexon, and ... Read the full article

SCOR completes acquisition of mutual life/health reinsurer MutRé

3rd January 2018

French reinsurance firm SCOR has said today it has successfully completed its 100% acquisition of MutRé S.A., a reinsurer that SCOR has held a 33% stake in since 1998. SCOR has now acquired 100% of the outstanding shares in MutRé S.A., a mutual reinsurer, established to serve the social economy in ... Read the full article

Armour reveals $500mn investment to fund further P&C run-off growth

3rd January 2018

P&C run-off insurer Armour has announced that it has raised up to $500 million in equity commitments in partnership with an investor group that is led by Aquiline Capital Partners, to fund a new reinsurer, Armour Group Ltd. The new reinsurance group will co-invest in global P&C run-off transactions in parallel ... Read the full article

AmWINS to acquire personal lines specialty MGA Seacoast Brokers

3rd January 2018

Specialty insurer AmWINS Group has reached an agreement to acquire personal lines specialty MGA Seacoast Brokers, LLC, with the transaction due to close following regulatory approval. Steven DeCarlo, Chief Executive Officer of AmWINS, said; “the addition of Seacoast to our AmWINS Access division significantly increases our personal lines products and services. “Seacoast’s ... Read the full article

R&Q acquires Constantia Insurance Company for £1.5mn

2nd January 2018

Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the acquisition of Constantia Insurance Company (Guernsey) Limited, from Old Mutual plc for £1.5 million (US$2mn). R&Q has received regulatory approval to acquire the company, which is now in run-off, and Constantia will be amalgamated into Capstan Insurance Company Limited, R&Q's consolidation vehicle domiciled ... Read the full article

Allianz completes 49% acquisition of UK General Insurer LV

29th December 2017

Allianz has completed its acquisition of a 49% stake in Liverpool Victoria Friendly Society's (LV) UK General Insurance business (LV= GI), and confirmed plans to purchase a further 20.9% stake in the firm in 2019. The Allianz and LV partnership creates the third-largest personal insurer in the UK market, with a ... Read the full article

Mitsui Sumitomo completes purchase of Fairfax’s First Capital interest

28th December 2017

Fairfax Financial Holdings has now completed the sale of its 97.7% interest in First Capital Insurance Limited of Singapore to Mitsui Sumitomo Insurance Company, for a cash purchase price of $1.6 billion. The deal was first announced in August of this year, and has now completed after Mitsui Sumitomo received ... Read the full article

Life Company Consolidation Group to acquire Generali PanEurope

22nd December 2017

Generali has entered into a share purchase agreement to sell its entire shareholding in Generali PanEurope with Life Company Consolidation Group (LCCG) for an initial consideration of EUR 230 million. Frédéric de Courtois, Group Chief Executive Officer, (CEO) Global Business Lines & International, said; “this transaction underscores our ongoing efforts to rationalize ... Read the full article

SOBC Sandell completes sixth & seventh acquisition

21st December 2017

SOBC Sandell has announced that as of December 15th, 2017, it has acquired 100% of the stock of ASAC Inc., PCC and American Staffing Assurance Company of Washington DC, IC (ASCWIC), after receiving regulatory approval for Change of Control in Washington, D.C. The purchase of ASAC PCC and ASCWIC are SOBC ... Read the full article

Market pressures forecast to drive M&A activity in 2018: Clyde & Co

21st December 2017

2017's record-level losses from natural catastrophes and other growing market pressures could act as a catalyst for M&A activity in the U.S. insurance industry next year, according to Clyde & Co. Analysts said M&As had taken something of a back seat in the insurance industry over the last 18 months, but ... Read the full article

Kuvare Life Re in $850mn fixed annuity reinsurance agreement

20th December 2017

Kuvare Holdings has signed a reinsurance agreement to assume $850 million of fixed annuity reserves through its Bermuda subsidiary, Kuvare Life Re (KLR). The reinsurance agreement is in partnership with a leading international insurer and provides financing support for a multi-billion dollar corporate transaction. Kuvare is a re/insurance platform within the U.S. life ... Read the full article

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