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.
MMA acquires HMS Insurance Associates
9th January 2023
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired Maryland-based HMS Insurance Associates (HMS), one of the US's largest independent agencies. As part of the acquisition, in which the terms were undisclosed, all of HMS's 120-plus employees, including president Gary L. Berger, will join MMA and work in the Hunt ... Read the full article
R&Q and Obra Capital form new JV to acquire MSA Safety’s legacy liabilities
6th January 2023
R&Q Insurance Holdings Ltd. and Obra Capital, Inc., the recently rebranded Vida Capital, have invested in a new joint venture to acquire a wholly owned subsidiary of global safety equipment manufacturer, MSA Safety Incorporated. In connection with the closing of the deal, MSA Safety contributed roughly $341 million in cash to the ... Read the full article
BearingPoint acquires Levo Consultants to boost insurance prospects
5th January 2023
European management and technology consulting firm, BearingPoint, has announced it has acquired Levo Consultants, a Paris-based financial services consultancy specialising in insurance, banking, and asset management sectors. Kiumars Hamidian, Managing Partner BearingPoint, commented, “Levo Consultants has a proven practice ... Read the full article
MS&AD completes Transverse acquisition
4th January 2023
Transverse Insurance Group, a hybrid P&C program and fronting carrier specialist, has been acquired by MS&AD Insurance Group Holdings, through its Mitsui Sumitomo Insurance arm, the insurer has confirmed. The acquisition has received all customary approvals and has been completed. Transverse is now a wholly owned subsidiary of MS&AD as it ... Read the full article
Howden acquires Spanish broker, March Risk Solutions
30th December 2022
Insurance broker Howden has acquired 100% of Spanish insurance broker March Risk Solutions (March R.S.) and has signed an alliance with Banca March, March R.S.’s parent company and one of the region’s pre-eminent investment banks. Following the purchase, Howden Iberia will exceed €100 million in revenue, as well as €700 million ... Read the full article
Arthur J. Gallagher acquires Brazil-based Interbrok Group
29th December 2022
Arthur J. Gallagher & Co. has announced the acquisition of São Paulo, Brazil-based Interbrok Group for an undisclosed price. Interbrok Group is a retail insurance broker founded in 1976, which offers a variety of commercial and personal insurance products and services to clients throughout Brazil. Following the acquisition, Angeles de Magalhães, Anselmo ... Read the full article
Prosperity still interested in American Equity takeover at better terms
28th December 2022
Prosperity Group Holdings has released a statement affirming that it remains interested in acquiring life and annuity insurer American Equity, despite the company having rejected a recent takeover bid. On December 8th, Prosperity made an offer to acquire American Equity Investment Life Holding Company (AEL) in an all-cash transaction at $45.00 ... Read the full article
Howden acquires TV & film broker Assimovie in Italy
23rd December 2022
International insurance broker Howden has announced plans to acquire Assimovie, a television, film and advertising insurance broker in Italy. The acquisition will make Howden the largest TV and Film production broking house in Italy and represents its ambition to expand its Sport and Entertainment operations in Europe. Founded in 2013 by Valeria ... Read the full article
Arthur J. Gallagher acquires BCHR Holdings for $660m
22nd December 2022
Arthur J. Gallagher & Co. has announced an agreement to acquire the partnership interests of BCHR Holdings, known as Buck, in the firm's largest HR benefits acquisition to date, valued at $660 million. Buck is a leading provider of retirement, HR and employee benefits consulting and administration services, primarily serving customers ... Read the full article
Verisk to acquire Sweden-based insurtech Mavera
22nd December 2022
Global data analytics provider Verisk, has agreed to acquire Mavera, a Sweden-based insurtech firm with a strong regional presence and established customer base for its personal injury claims management platform. According to the announcement, this addition further accelerates Verisk’s expansion in Continental Europe, and supports its continued growth as a technology ... Read the full article
American Equity rejects takeover from Prosperity Life & Elliott
22nd December 2022
Life and annuity insurer, American Equity has confirmed that its Board of Directors has reviewed and rejected an unsolicited, non-binding proposal from Prosperity Group Holdings LP, and its principal shareholder, Elliott Investment Management L.P., to acquire American Equity in an all-cash transaction at $45.00 per share. The initial proposal was received ... Read the full article
Sompo International completes sale of EAL business to RiverStone
20th December 2022
Insurance giant Sompo International has completed the sale of its run-off business Endurance at Lloyd’s (EAL) to RiverStone Holdings. The firm said in a statement that it had received regulatory approval from the UK Presidential Regulation Authority, following its previously communicated strategic objective to consolidate its UK presence into one company ... Read the full article
Trean Insurance Group agrees to be acquired by Altaris Capital Partners
19th December 2022
Trean Insurance Group has announced that it has entered into a definitive merger agreement with affiliates of Altaris, which currently owns approximately 47% of Trean’s outstanding common stock. The transaction, which implies a total equity value for Trean of approximately $316 million, is expected to close during the first half of ... Read the full article
Smaller deals and slower pace drive the global 2023 M&A outlook: WTW
16th December 2022
Dealmaking in the global M&A market is expected to remain active in 2023 despite ongoing uncertainty and major headwinds, with recession fears triggering a ‘lipstick effect’ as larger deals fall out of favour, according to WTW. Recent research by the multinational insurance advisor company, showed buyers outperforming the wider market as ... Read the full article
Arthur J. Gallagher acquires Aviation Insurance Australia
15th December 2022
Re/insurance broking firm Arthur J. Gallagher & Co have acquired Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed. Founded in 1993, Aviation Insurance Australia is a specialist retail insurance broker that serves aviation and aerospace clients throughout the country. The brokerage website says the firm manages all aircraft types ... Read the full article
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