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.
Kastor Holdings has acquired BritAmerica and BMG Insurance Brokers
15th December 2022
Kastor Holdings has acquired BritAmerica and its BMG Insurance Brokers subsidiary as part of its plans to expand into America. The deal was completed at the beginning of the month. BritAmerica and BMG will remain under the leadership of the operation’s current chief executive officer and president, Simon Hall, with Jeff ... Read the full article
Arthur J. Gallagher acquires Mahowald Insurance
14th December 2022
Re/insurance broking firm, Arthur J. Gallagher & Co. have acquired St. Cloud, Minnesota-based Mahowald Insurance, LLC. Terms of the transaction were not disclosed. Founded in 1930, Mahowald is a retail insurance agency that offers commercial and personal products, as well as employee benefit packages and risk management services for clients across the ... Read the full article
Keystone announces NJAA to merge into independent agency network
14th December 2022
Keystone Insurers Group has announced it has entered into a definitive agreement to merge New Jersey Agents Alliance (NJAA) into its nationally ranked network. Terms of the transaction were not disclosed, though Keystone has confirmed NJAA’s 22 members unanimously approved the agreement. Additionally, NJAA Founder and President, Bob Mazey, has accepted ... Read the full article
Generali says Cattolica integration proceeding swiftly
13th December 2022
Generali has put out an update for the financial community on the integration of cooperative insurance firm Cattolica and the implementation of new accounting standards. The financial giant said in its two-page update that an effective and accelerated integration process had caused synergies under Cattolica to rise from €80m by 2026 ... Read the full article
Ryan Specialty to acquire Griffin Underwriting Services
12th December 2022
Ryan Specialty has signed a definitive agreement to acquire what it calls ‘certain assets’ of Griffin Underwriting Services. The firm said in a statement that it was expected that the acquisition would close next month. Terms were not disclosed. Tim Turner, president of Ryan Specialty and chairman and CEO of RT Specialty, ... Read the full article
FedNat exploring strategic alternatives as it files for Chapter 11 bankruptcy protection
12th December 2022
Florida-based primary insurer, FedNat Holding Company, has announced that it and certain wholly-owned subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S., with the company set to explore all strategic alternatives, including a sale of its assets. FedNat says that it has filed voluntary petitions ... Read the full article
Alpha Growth completes share purchase acquisition of Old Mutual International
8th December 2022
Alpha Growth Plc, a financial services specialist in the life insurance and longevity asset class, has announced that it has completed a share purchase acquisition of Old Mutual International (Guernsey) Ltd. Following completion of the acquisition, the entity is now renamed as Alpha International Life Assurance Company ... Read the full article
Ardonagh acquires British broker The Professional Indemnity Company
6th December 2022
Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, has acquired The Professional Broking Group Limited which trades as The Professional Indemnity Company. The business will operate as part of the wider Ardonagh Advisory platform which includes regional PI broker Alice Castle and Lloyd’s PI broker Hera Indemnity, as well ... Read the full article
BMS acquires Eisenar to boost Iberian expansion
6th December 2022
BMS has announced that it has signed a deal to acquire Spanish specialty insurance broker Eisenar in a move that will further bolster its Iberian regional expansion. Founded in 2001 by Eugenio Sanchez-Belda, Eisenar is headquartered in Seville and specialises in industrial risks and professional sports insurance, with Seville Football Club ... Read the full article
Marsh McLennan Agency acquires McDonald Zaring Insurance
5th December 2022
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced the acquisition of McDonald Zaring Insurance (MZI), a US full-service agency located in Walla Walla, Washington. Terms of the acquisition were not disclosed. Founded in 1932, McDonald Zaring Insurance serves individuals and businesses across various industries and sizes, including agri-business, wineries, financial ... Read the full article
Howden completes acquisition of AlphaXO Risk Partners
2nd December 2022
Insurance broker Howden has increased its shareholding to 100% in AlphaXO Risk Partners (AlphaXO), a specialty insurance broker headquartered in Sydney. AlphaXO’s leadership will remain unchanged, with Andrew Glover continuing to serve in his role as Managing Director. Established in 2007, AlphaXO is one of the Pacific region’s foremost specialist insurance broking ... Read the full article
Warburg Pincus set to acquire K2 Insurance Services from Lee Equity Partners
1st December 2022
Leading independent specialty insurance program manager, K2 Insurance Services, has announced that Warburg Pincus, a leading global growth investor, has agreed to acquire the company from Lee Equity Partners, LLC, a growth oriented middle market private equity firm. The investment will support K2's continued growth strategy, which includes M&A and de-novo ... Read the full article
AssuredPartners acquires Alpine Insurance Associates
1st December 2022
Insurance broker, AssuredPartners, has acquired Alpine Insurance Associates, located in Reno, NV. Alpine’s team will remain under the operational leadership of President, Chris Gonfiantini and Vice President, Ryan Garaventa. Gonfiantini, commented: “In addition to Alpine’s cutting-edge products and competitive pricing, building honest relationships has always remained at the forefront of what we ... Read the full article
Owners of re/insurance broker BMS said to be considering £600m sale
30th November 2022
Reports suggest that investment firms British Columbia Investment Management Corp. (BCI) and Preservation Capital Partners are mulling the sale of global insurance and reinsurance broker BMS Group. According to a Bloomberg report, citing people familiar with the matter, a sale of BMS could value the broker at more than £600 million ... Read the full article
Amwins acquires wholesale business from Franklin Street
30th November 2022
Amwins, a global distributor of specialty insurance products and services, has purchased Arena Special Risks' wholesale business from commercial real estate and retail insurance firm Franklin Street. Both Amwins and Franklin Street have a long-standing relationship and both company’s recognise the exciting growth opportunity that exists for this wholesale property business on a ... Read the full article
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