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.
Generali announces acquisition of major asset manager Conning Holdings
6th July 2023
Generali has announced its acquisition of Conning Holdings Limited (CHL), a leading global asset manager for insurance and institutional clients, from Cathay Life, a subsidiary of Cathay Financial Holdings, one of the largest Asia-based financial institutions. As a result of the contribution of CHL into Generali Investments Holding S.p.A (GIH), Cathay ... Read the full article
Pen Underwriting acquires Norwegian MGA Fender
6th July 2023
UK-based Pen Underwriting, an Arthur J. Gallagher & Co. subsidiary, has acquired specialist Norwegian managing general agent (MGA) Fender Marine AS for an undisclosed sum. It will become part of Pen’s International & Financial Lines division as Pen looks to expand its geographic footprint beyond the UK. Based in Bergen and Oslo, ... Read the full article
Howden acquires Media Insurance Brokers International
6th July 2023
International insurance broker, Howden, has announced that it has acquired Media Insurance Brokers International Limited, a major independent UK and Irish film and television broker. This acquisition significantly enhances Howden’s media and entertainment offering while reflecting the company’s strategy to be the preeminent choice for Sports & Entertainment clients. MIB has been ... Read the full article
Brookfield Reinsurance confirms $4.3bn acquisition of American Equity (AEL)
5th July 2023
Brookfield Reinsurance, a capital solutions business that provides insurance and reinsurance services to individuals and institutions, is set to acquire American Equity Investment Life Holding Company (AEL) for $4.3 billion, taking the firm's deployed or committed capital since inception to more than $10 billion. Brookfield first invested in AEL in ... Read the full article
Ryan Specialty completes trio of acquisitions
5th July 2023
International specialty insurance firm Ryan Specialty has completed the acquisitions of Socius Insurance Services, Point6 Healthcare, and ACE Benefit Partners, Inc. In early June, Ryan Specialty signed definitive agreements to acquire certain assets of ACE, a medical stop loss general agent, and Point6, a distributor of medical stop loss insurance, ... Read the full article
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
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