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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.

K2 to acquire Pioneer in first non-US transaction

4th February 2020

K2 Insurance Services LLC, a specialty insurance holdings company, is set to complete its first transaction outside of the U.S., with the acquisition of underwriting services firm, Pioneer Underwriters. According to an announcement on the deal, Pioneer is set to become the cornerstone for a new global platform of K2. Initially, this ... Read the full article

AXA LM acquires RenRe’s UK run-off business

4th February 2020

AXA Liabilities Managers (AXA LM), a division of AXA and an acquirer and manager of legacy re/insurance business, has announced an agreement to acquire RenaissanceRe (UK) Limited from Bermuda-based reinsurer, RenaissanceRe Holdings Ltd. RenaissanceRe (UK) Limited, a company in run-off, was formerly known as Tokio Millennium Re (UK) Limited, and ... Read the full article

Aon enhances cyber services with Cytelligence acquisition

4th February 2020

Re/insurance broker Aon has expanded its cyber offering with the acquisition of Cytelligence Inc, a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, and security consulting and training services. The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber ... Read the full article

Tokio Marine integrates Thailand unit with Safety Insurance

4th February 2020

Tokio Marine has announced the completion of the integration between its Thai subsidiary, Tokio Marine Insurance (Thailand) PCL. (TMITH), and Safety Insurance Public Company Limited. The combined company, which will officially launch as Tokio Marine Safety Insurance (Thailand) Public Company Limited' (TMSTH), has now received approval from the Office of Insurance ... Read the full article

Marsh & McLennan Agency acquires LA broker Momentous

3rd February 2020

Marsh & McLennan Agency LLC (MMA), the middle market agency of global re/insurance broker Marsh, has announced the acquisition of Momentous Insurance Brokerage, an independent insurance agency based in Los Angeles, California. Founded in 2008, Momentous is a risk management and employee benefits firm specialising in high net worth private client ... Read the full article

Global Risk Partners gets majority investment from Searchlight Capital Partners

3rd February 2020

Private equity and opportunity investor Searchlight Capital Partners has taken a majority stake in independent insurance intermediary Global Risk Partners. The founding partners of Global Risk Partners (GRP), Peter Cullum CBE and David Margrett, as well as founding investor Penta Capital are set to retain minority stakes in the firm. Ares Management ... Read the full article

IGI gets regulatory nod for go-public Tiberius deal

31st January 2020

International General Insurance Holdings (IGI), the specialist commercial re/insurer, has received regulatory approval from the Bermuda Monetary Authority (BMA) for its planned business combination with Tiberius Acquisition Corp., which will result in the public listing of IGI. First announced back in October 2019, this deal prices IGI at approximately 1.26x ... Read the full article

THG acquires Massachusetts-based Group Brokerage Insurance Agency

29th January 2020

Virginia headquartered middle market insurance agency, The Hilb Group, LLC (THG) has announced the acquisition of Group Brokerage Insurance Agency, LLC (GBIA), a firm located in Waltham, Massachusetts. The transaction became effective on January 1st, 2020 and sees THG acquire an employee benefits agency primarily providing group medical, dental, life, short ... Read the full article

Re/insurance industry deals total $14.31bn in December: GlobalData

29th January 2020

Global re/insurance industry deals during the month of December 2019 totalled $14.31 billion, according to data and analytics firm GlobalData. This marked an increase of 233.5% over the previous month and a rise of 224.4% when compared with the last 12-month average of $4.41 billion. In terms of number of deals, GlobalData ... Read the full article

AJ Gallagher acquires North Carolina’s Hanover Excess & Surplus

28th January 2020

International insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co. (AJ Gallagher), has acquired Hanover Excess & Surplus, Inc. Based in Wilmington, North Carolina, Hanover Excess & Surplus was established in 1970 and operates as a regional managing general agency offering hard-to-place coastal commercial and personal P&C ... Read the full article

Three in race to buy AXA’s €1bn-rated Eastern Europe operations, reports

28th January 2020

There are currently three bidders in the running to secure the €1 billion-rated Central and Eastern Europe business operations of French insurance and investment giant AXA, according to a Bloomberg insider. Only the Italian insurer Assicurazioni Generali SpA and Austrian insurers Vienna Insurance Group and Uniqa Insurance Group are supposedly still ... Read the full article

Aston Lark acquires Exeter-based broker, Isca Barum

28th January 2020

Aston Lark, a Goldman Sachs-backed chartered insurance broker, has acquired Exeter, UK-based independent brokerage, Isca Barum Insurance Brokers. The acquisition of Isca Barum, a broker offering a full suite of insurance services to corporate and private clients across the UK, is Aston Lark's first acquisition of the year. The firm has a ... Read the full article

R&Q completes acquisition of Montana captive, Vigneron Insurance

27th January 2020

Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the acquisition of Vigneron Insurance Company, Inc. (VICI), a Montana-based captive insurer. R&Q has acquired VICI from a wholly owned private investment holding company with diverse holdings in a range of industries, real estate, marketable securities and other investments. The Montana captive insurer ... Read the full article

Atlas to offload subsidiary as MGA transition continues

24th January 2020

US-based commercial auto insurer Atlas Financial Holdings looks set to sell its subsidiary Gateway Insurance Company to ride-sharing insurance provider Buckle, as it looks to continue its transition towards an MGA model. Atlas’ strategic focus includes transitioning business previously written on its insurance subsidiaries, which are currently in rehabilitation, to alternative ... Read the full article

Transverse completes acquisition of Arrowood’s E&S insurer

24th January 2020

Virgo Investment Group backed program carrier, Transverse Insurance Group, has completed its acquisition of Arrowood Surplus Lines Insurance Company (ASLIC) from Arrowood Indemnity Company (Arrowood), which is a subsidiary of Arrowpoint Capital. ASLIC is domiciled in Delaware and operates as an excess & surplus insurer, authorised to write business in most ... Read the full article

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