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 to acquire Liberty Seguros for $2.5bn
15th June 2023
Liberty Mutual Insurance has agreed to sell its Madrid headquartered personal lines and small commercial insurance business, Liberty Seguros, S.A., to Generali Group for USD 2.5 billion (EUR 2.3 billion), subject to customary closing adjustments. The deal includes Liberty Seguros operations in Ireland, Northern Ireland, Portugal, and Spain. Liberty Mutual's other European ... Read the full article
Core Specialty forms Medical Stop-Loss Division
12th June 2023
Core Specialty and its subsidiaries, have announced the formation of a Medical Stop-Loss Division through the acquisition of the MGU/Stop-Loss business of American National Group (ANAT). According to the announcement, the business is being acquired for cash through the acquisition of 100% of the stock of Standard Life and Accident Insurance ... Read the full article
Global Indemnity says multiple parties interested in merger or acquisition
12th June 2023
Global Indemnity Group, LLC has announced that in recent days, multiple parties indicated a preliminary interest in exploring an acquisition of or merger with Penn-America, Global Indemnity's insurance group, or an acquisition of or merger with Global Indemnity itself. The company is responding to certain of these preliminary indications of interest, ... Read the full article
Marco Capital acquires UK insurance company from The Hartford
9th June 2023
Marco Capital Holdings Limited, an European P&C insurance run-off group, has completed the acquisition of Navigators International Insurance Company Limited (NIIC) from The Hartford. Originally announced on February 17, 2023, the transaction received regulatory approval and has now closed. Simon Minshall, Marco CEO, commented: “We are delighted to have closed another transaction ... Read the full article
Europ Assistance expands in Asia-Pacific with AXA Partners acquisition
8th June 2023
Europ Assistance has acquired several of AXA Partners’ assistance businesses in the Asia-Pacific region, a move that supports the company’s strategic expansion. The acquisitions cover a number of assistance subsidiaries in Hong Kong, Japan, Malaysia, Taiwan, and Thailand. This includes AAN and AAI Hub in Malaysia, AXA Assistance Japan, IPA Thailand, IPA ... Read the full article
Acrisure acquires TEn Insurance Services
8th June 2023
Global insurance broker Acrisure has announced its acquisition of TEn Insurance Services Ltd. (Ten). Under the terms of the acquisition, TEn will go to market as Eleven Network. The transaction is expected to close in the near term, pending FCA regulatory approvals. Since 2005, the company has been providing services for industry ... Read the full article
Hamilton discussing options including IPO and private sale: Reuters
7th June 2023
Bermuda-based insurer and reinsurer, Hamilton Insurance Group, is reportedly discussing its options with potential advisers, including a private sale and an initial public offering (IPO), according to Reuters. People familiar with the matter told Reuters that the re/insurer is exploring strategic options amid momentum for deals involving insurers and reinsurers. The people, ... Read the full article
Ryan Specialty closes two new acquisitions as international expansion continues
7th June 2023
International specialty insurance firm Ryan Specialty has signed definitive agreements to acquire certain assets of ACE Benefit Partners, Inc., a medical stop loss general agent, and Point6 Healthcare, LLC, a distributor of medical stop loss insurance, pharmacy solutions, and complex claims management on behalf of retail brokers and third party ... Read the full article
Ardonagh Group completes the acquisition of Klap Verzekeringsmakelaar
6th June 2023
The Ardonagh Group confirms it has completed its acquisition of specialist commercial lines insurance broker, Klap Verzekeringsmakelaar. Klap was founded in 1854 and is based in Amsterdam, it advises SME companies on employee benefits, insurance, and pensions. The company distributes over €100m of GWP annually. Klap is acquired by Ardonagh Europe, through ... Read the full article
Marsh McLennan Agency acquires SOLV Risk Solutions
2nd June 2023
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of SOLV Risk Solutions, LLC. SOLV is an independent agency based in Austin, Texas. Although, the terms of the acquisition were not disclosed. SOLV was founded in 2016, it provides risk management advisory services to ... Read the full article
Verisk acquires Morning Data to bolster solutions for brokers & MGAs
30th May 2023
Verisk a global data analytics and technology provider, has announced that it has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents in London and across the globe. This acquisition enables Verisk to enhance and expand its solutions for straight-through processing and distribution to the growing ... Read the full article
Markel’s State National selling insurer front ISIC to Velocity Risk
30th May 2023
State National, the Markel owned program and fronting specialist is selling one of the shell insurance companies it has used for certain catastrophe exposed programs to managing general agent (MGA) and cat underwriting specialist Velocity Risk. Velocity Risk was already writing most of its business via an AM Best non-admitted and ... Read the full article
Guy Carpenter acquiring Israel reinsurance broker Re Solutions
30th May 2023
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, is set to acquire the leading independent operator in its field in Israel, a brokerage named Re Solutions. Re Solutions was founded in 2010 and has been Guy Carpenter’s correspondent broker in Israel since 2011, meaning this acquisition builds on a strong ... Read the full article
Pan American Life Insurance Company to acquire Encova Life Insurance Company
24th May 2023
Encova Mutual Insurance Group and Pan American Life Insurance Company have made a joint announcement that Encova Life Insurance Company, an affiliate of the Encova Mutual Insurance Group, will be acquired by and merged into PALIC. TJ Obrokta Jr, the Encova Insurance President and CEO said, “We have had strong success ... Read the full article
Moody’s affirms a stable outlook for RenRe post acquisition of AIG’s Validus Re
24th May 2023
Moody’s affirms RenaissanceRe’s ratings following the announced acquisition of Validus Reinsurance from American International Group, Inc. and said the outlook looks stable. RenaissanceRe has agreed to acquire Validus Re for $2.985 billion in cash. The company plans to fund the acquisition with a combination of equity, including $250 million of ... Read the full article
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