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.
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
Acrisure acquires Affinity Brokers
19th January 2023
Fintech leader, Acrisure has acquired Affinity Brokers Limited. The transaction is expected to close in the near term, pending FCA regulatory approvals. Founded in 2010 by Scott Meechan and Yvonne McKnight, Affinity is a commercial insurance broker based in Glasgow, Scotland. Over the years, the broker has grown and developed a well-established specialism ... Read the full article
Aegon gets shareholder approval for Dutch business combination
18th January 2023
Aegon, a Netherlands-headquartered multinational life insurance, pensions and asset management company, has announced that its shareholders have approved a move to combine certain of its Dutch businesses with insurer a.s.r. Shareholders voted to allow Aegon to combine its Dutch pension, life and non-life insurance, banking, and mortgage origination operations at a ... Read the full article
BMS acquires Austbrokers Coast to Coast to boost Australian presence
18th January 2023
Independent specialist insurance and reinsurance broker, BMS has acquired Austbrokers Coast to Coast (C2C), the specialist Australian corporate, business, and retail broker. Terms of the transaction have not been disclosed. Founded in 1982, C2C is based in Burleigh Heads on the Gold Coast in Queensland. The firm specialises in transport, construction, hazardous goods, ... Read the full article
Howden completes acquisition of TigerRisk
12th January 2023
Howden Group Holdings has completed the acquisition of TigerRisk Partners (now Howden Tiger), with the firm stating, "Together, we are the world's fourth largest global reinsurance broker." Howden also suggested that following the acquisition, it has created the world’s largest programme, MGA and binding authority capability, which it calls Howden Tiger ... Read the full article
GRP acquires Nucleus Underwriting
12th January 2023
Global Risk Partners (GRP) has acquired Nucleus Underwriting, its first managing general agent (MGA) acquisition since being taken over by Brown & Brown last year. In March 2022, the US broker firm Brown & Brown agreed to buy the insurance operations of GRP from PE firm Searchlight, the deal was ... Read the full article
Duck Creek to acquire Imburse Payments
11th January 2023
P&C solutions provider Duck Creek Technologies has announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform. Imburse's cloud-native SaaS payment solution is designed for the insurance industry, with the intent to bring greater ease and efficiency to end-to-end transactions. As part of Duck Creek, Imburse will continue to ... Read the full article
Aquarian completes takeover of Somerset Re
10th January 2023
New York domiciled investment firm, Aquarian Holdings, has announced the closing of its acquisition of a controlling stake in Bermuda-based reinsurer, Somerset Reinsurance, from shareholders. The deal, first announced back in June 2022, will see Aquarian provide new capital to drive further growth, fortify Somerset Re’s market position, and offer ... Read the full article
Amynta Group acquires MGU Ambridge from Brit
10th January 2023
Amynta Group has announced a strategic partnership in which it will acquire Ambridge Group, the Managing General Underwriter (MGU) operations of Brit, a subsidiary of Fairfax, for $400m and enter into a multi-year agreement for Brit to be a significant capacity partner to Ambridge. Ambridge is a global MGU, offering a ... Read the full article
Duck Creek agrees acquisition by Vista for $2.6bn
9th January 2023
P&C solutions provider Duck Creek Technologies has agreed to be acquired by global investment firm Vista Equity Partners in an all-cash transaction valued at approximately $2.6 billion. Under the terms of the agreement, Duck Creek shareholders will receive $19.00 per share in cash, which represents a 46% premium to Duck Creek’s ... Read the full article
Ludlow Re enters multi-billion-dollar quota share agreement with SILAC
9th January 2023
SILAC Insurance Company has entered into a $2.5 billion quota share agreement with Hildene Capital Management affiliate, Ludlow Re, which will provide reinsurance for SILAC’s annuity products. The agreement comes as part of SILAC and Hildene entering into a long-term strategic alliance. As part of the alliance, Hildene has acquired a strategic ... Read the full article
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