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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.

Kemper to acquire Infinity in $1.4 billion merger deal

14th February 2018

Kemper Corporation has entered into a merger agreement to acquire auto insurer Infinity Property and Casualty Corporation in a cash and stock transaction, valued at approximately $1.4 billion. The implied total consideration is about $1.3 billion, or $121.01 per Infinity share. Infinity is a provider of auto insurance focused on serving the ... Read the full article

Could SoftBank investment fund Swiss Re / XL deal? – KBW

14th February 2018

Following news that global reinsurer Swiss Re is in talks with SoftBank over a minority investment in the reinsurer, and rumours that XL Group is an M&A target for large re/insurers, analysts at Keefe, Bruyette & Woods (KBW) have questioned the potential for a deal between Swiss Re and XL ... Read the full article

Ryan Specialty acquires Lodestar Marine P&I MGA from Tawa

13th February 2018

Chicago-based Ryan Specialty Group LLC (RSG) has announced that it's agreed to acquire Lodestar Marine Ltd. from Tawa Associates Ltd. for an undisclosed fee. Lodestar is a London domiciled managing general agent (MGA) focused on the protection & indemnity (P&I) fixed premium marine sector, and under the transaction will become part ... Read the full article

Nexus acquires D&O and FI MGA, Apsley Specialty

13th February 2018

Specialty managing general agent (MGA) Nexus Group has completed the acquisition of registered and approved Lloyd's of London Coverholder, Apsley Specialty Limited. Apsley Specialty was launched in 2012 and has a focus on the asset management sector, particularly alternative asset managers, and has become a specialist in Directors & Officers and Financial Institutions ... Read the full article

Peak Re takes minority investment from Prudential Financial

13th February 2018

Hong Kong based reinsurer Peak Reinsurance Company Limited (Peak Re) said this morning that it has taken a minority investment from a subsidiary of U.S.-headquartered Prudential Financial, Inc. The transaction has been achieved through the issuance of new shares in Peak Re, with Prudential Financial taking 13.1% of the reinsurer as ... Read the full article

M&A trend leans towards finding “parental protection”: A.M. Best

12th February 2018

Three years ago the market was rife with merger and acquisition (M&A) transactions aimed at scale and market footprint building, however, the trend now for M&As appears to be leaning toward finding a home in a larger organisation, according to A.M. Best's recent market report on the U.S. property/casualty space. In ... Read the full article

SoftBank investment in Swiss Re would be credit positive: Moody’s

12th February 2018

According to rating agency Moody's, a minority investment from technology, telecommunications and investment giant SoftBank would be credit positive for reinsurer Swiss Re. The news broke last week that Swiss Re and Japanese tech conglomerate SoftBank have been in talks discussing a minority investment in the reinsurer. An intriguing proposition, as ... Read the full article

XL Group cited as M&A target for large re/insurers: Reports

8th February 2018

According to Bloomberg, XL Group the Bermudian parent company of global insurance and reinsurance brand XL Catlin, is a target for M&A, with Allianz and other major re/insurers said to be showing interest. XL Group is perhaps the largest Bermudian re/insurer and its global diversification makes it an attractive target for ... Read the full article

Swiss Re in talks with SoftBank Group over investment stake

8th February 2018

Zurich headquartered reinsurance giant Swiss Re is in talks with Japanese tech conglomerate and telecommunications specialists SoftBank Group over a minority investment in the reinsurer, the company confirmed late yesterday. The Wall Street Journal broke the news, saying that Swiss Re is in advanced talks to sell SoftBank what could be ... Read the full article

Bermuda to attract M&A and start-up activity in 2018: Fitch Ratings

5th February 2018

Fitch expects further Bermuda M&A activity in 2018 as entities seek out ways to manage the challenges of the continued competitive market environment under the additional strain of the recent catastrophe losses. Bermuda market M&A has often centered on non-Bermuda companies buying into Bermuda as a way to deploy capital abroad and ... Read the full article

Optimism over bottoming out of reinsurance rates could be “foolhardy”: A.M. Best

2nd February 2018

Some re/insurance industry experts and analysts have been extolling the much awaited possibility of a bottoming out of the re/insurance pricing cycle after record-setting 2017 losses and ensuing uptick in some January 2018 rates, A.M. Best however called long-term optimism "foolhardy" given the abundant levels of reinsurance capacity. The rating agency ... Read the full article

Bermuda based Armour Group completes acquisition of Elite

1st February 2018

Bermuda based insurer Armour Group has announced the completion of its acquisition of Elite Insurance Company (EIC) and its affiliate Elite Business Development (EBD). Armour affiliate, Armour Risk Management, is set to assume operational management of Elite along with key members of staff with in-depth knowledge of the business. Elite is an ... Read the full article

Monument Re acquires Aspecta Assurance International Luxembourg

30th January 2018

Monument Re has acquired full ownership of Aspecta Assurance International Luxembourg S.A. (Aspecta), a life insurance undertaking based in Luxembourg with branches in Germany, Italy and Spain. The acquisition also includes Aspecta’s 25% stake in Quality Insurance Services Luxembourg S.à r.l., the principal service provider to Aspecta. Manfred Maske, Group Chief Executive Officer ... Read the full article

Japanese E-commerce group Rakuten to acquire Asahi Fire & Marine Insurance

29th January 2018

Japanese e-commerce group Rakuten is set to acquire Tokyo-based Asahi Fire & Marine Insurance after winning a bid of 44.9 billion yen, or $412 million. Rakuten plans to purchase Asahi's stocks from January 30 through March 13 for an offer price of 2,664 yen per share, and 10,656 yen per preferred ... Read the full article

R&Q acquires Connecticut risk retention group auto liabilities

26th January 2018

Randall & Quilter Investment Holdings (R&Q) has announced the acquisition of auto liabilities from a Connecticut domiciled risk retention group (RRG) to R&Q’s wholly owned A- admitted carrier, Accredited Surety and Casualty Company. Ken Randall, Chairman and Chief Executive Officer of R&Q, said; “we are very pleased to announce our first ... Read the full article

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