Artemis ILS NYC 2020


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.

Hub International acquires Berk Bilgen Insurance

4th July 2019

Chicago-based global insurance broker Hub International has announced the acquisition of Berk Bilgen Insurance (BBI). BBI is an independent insurance brokerage based in Edmonton, Alberta, Canada, offering personal and commercial insurance solutions, including home, auto, life and travel. Within 10 years, BBI has grown considerably under the leadership of Berk and Heather ... Read the full article

SOBC DARAG acquires Vermont-based risk retention group

3rd July 2019

SOBC DARAG, the joint venture between U.S run-off specialist SOBC and European legacy acquirer DARAG, has announced the acquisition of Innovative Physicians Solutions RRG (IPS). IPS, a Vermont-based risk retention group (RRG), was acquired in full effective from July 1, 2019. SOBC DARAG said that it had received approval for the transaction ... Read the full article

Genworth delays China Oceanwide merger to explore sale of Canada business

3rd July 2019

Mortgage insurer Genworth Financial has announced a five-month extension to its planned merger agreement with China Oceanwide Holdings Group Co., Ltd., which will give it time to explore the sale of its Canadian business, Genworth MI Canada Inc. Oceanwide, which had been set to acquire Genworth by June 30, 2019, gave ... Read the full article

Allianz in talks to buy P&C, auto units from Brazilian insurer Sul América

3rd July 2019

Allianz is currently in bilateral talks with Brazilian insurer Sul América S.A. regarding the potential acquisition of its property & casualty (P&C) and auto units. Sul América revealed in a recent securities filing that it had received a nonbinding offer from Allianz and was in the process of discussing a possible ... Read the full article

USI Insurance Services completes acquisition of U.S. Risk

2nd July 2019

USI Insurance Services (UCI) has completed its previously announced acquisition of U.S. domiciled brokerage, U.S. Risk Insurance Group. The terms of the transaction were not disclosed, but it's been revealed that U.S. Risk will keep its Dallas headquarters and will continue to operate independently under its existing brands, U.S. Risk, Oxford, ... Read the full article

Sompo creates Global Transactions Group to manage M&A, joint ventures

2nd July 2019

Bermuda-based specialty re/insurer Sompo International Holdings has created a Global Transactions Group, which will take overall responsibility for all mergers and acquisitions (M&A), intercompany transactions and joint ventures. The group, comprising of senior professionals at Sompo, will be tasked with overseeing both insurance and non-insurance transactions, such as insurtech and healthcare ... Read the full article

Sumitomo Life acquires 25% stake in Singapore Life

1st July 2019

Singapore-based wealth technology and life insurance firm, Singapore Life Pte. Ltd. has secured a $90 million investment from Japanese life insurer, Sumitomo Life Insurance Company, taking its total funding to date to $153 million. The latest expansion drive by Singapore Life sees Sumitomo Life acquire roughly 25% of the total issued ... Read the full article

R&Q to acquire Sandell Holdings and reinsurance subsidiary, Sandell Re

1st July 2019

Randall & Quilter II Holdings Limited, a subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q), has announced the acquisition of Sandell Holdings Limited and its subsidiary Sandell Re Limited. Subject to regulatory approvals from the Bermuda Monetary Authority (BMA), R&Q will acquire the entire issued share capital of both Sandell ... Read the full article

Monument Re acquires Guernsey insurer Nordben Life and Pension

27th June 2019

Bermudian reinsurer Monument Re has announced the completion of its acquisition of Nordben Life and Pension Insurance Co. Limited. Nordben is a Guernsey-based company licensed to carry out long-term and general insurance business, which has been closed to all new business since early 2016. Monument Re took over the business from its ... Read the full article

Arthur J. Gallagher to acquire minority stake in Renomia

26th June 2019

Global insurance brokerage Arthur J. Gallagher & Co. is to acquire a minority stake in Prague-based Renomia, the largest independent broker based in the Central and Eastern European (CEE) region. Primarily serving commercial clients, Renomia has grown rapidly and now has full-scale broking operations in Czech Republic, Slovakia, Romania, Hungary, Serbia, ... Read the full article

FWD is in advanced talks to acquire MetLife Hong Kong: Reports

25th June 2019

The South China Morning Post has reported that FWD Group, the Swiss Re backed insurance business of Pacific Century Group (PCG), is in advanced talks to acquire MetLife's Hong Kong insurance business. According to reports, an agreement between the two companies could be made within the next few weeks. People close ... Read the full article

Allianz to sell stake in Spanish bancassurance venture

24th June 2019

Global insurer Allianz has announced plans with Banco Santander to sell its 60% stake in its joint Spanish bancassurance venture, Allianz Popular SL. Banco Santander has agreed to pay €936.5 million for the acquisition of Allianz’s holding and for the termination of the exclusive non-life distribution agreement with Allianz’s operating entity ... Read the full article

Analysts highlight uncertainty around FedNat’s Maison deal & off-cycle renewal

19th June 2019

Analysts at JMP remain confident in the prospects of FedNat Holding Company, but have said that some uncertainty exists around the company's "slightly off-cycle" reinsurance renewal and the potential delay of its acquisition of Maison Insurance, the homeowners insurance operations of 1347 Property Insurance Holdings. JMP met with FedNat management ... Read the full article

Fractal Industries’ AIDP to host Oasis LMF catastrophe models

18th June 2019

Insurance and reinsurance industry players that utilise Fractal Industries, Inc.'s Fractal Advanced Insurance Decision Platform (Fractal AIDP) will now be able to both access and operate open source catastrophe modelling tool, Oasis Loss Modelling Framework (Oasis LMF). Fractal Industries is a provider of intelligent decision platforms and has been selected by ... Read the full article

Gallagher acquires Australian consulting firm P2 Group

18th June 2019

Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of specialist consulting firm, P2 Group. The Hawthorn, Victoria-based P2 Group assists employers proactively manage occupational health, while at the same time lowering the risk of worker injuries and WorkCover claims. According to an announcement on the deal, P2 Group ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.