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.
Ambac acquires All Trans Risk Solutions & Capacity Marine Corporation
10th November 2022
Financial services holding company Ambac has announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corporation. All Trans Risk Solutions operates as a full service managing general underwriter (MGU) specialising in commercial automobile insurance for specific "for-hire" auto classes. Meanwhile, Capacity Marine Corporation is ... Read the full article
Aon acquires ERN to drive cat modeling & consultancy in LatAm
9th November 2022
Global professional services firm, Aon, has acquired ERN (Evaluación de Riesgos Naturales), a Mexico-based leader in risk assessment modeling. The acquisition will help drive and expand Aon’s catastrophe modeling and consultancy capabilities in Latin America. Founded in 1996, ERN has developed modeling capabilities that are specific to Latin America and backed by ... Read the full article
BOXX Insurance acquires cyber platform Templarbit
9th November 2022
Toronto-based cyber insurance specialist BOXX Insurance has acquired cyber intelligence platform Templarbit. Terms of the deal were not disclosed, but BOXX said it gave the firm ‘additional momentum’ to pursue its vision of ‘making the world a digitally safer place’. With teams in Palo Alto and Los Angeles, Templarbit was founded by ... Read the full article
AM Trust acquires Contractor Managing General Insurance Agency
9th November 2022
AM Trust Financial Services, a global property & casualty insurer, has acquired Contractor Managing General Insurance Agency, Inc. (CMGIA). CMGIA is a California-based MGA that offers surety bonds to small to mid-sized contractors. The company heavily concentrates on the needs of construction professionals nationwide. The firm is led by Stephanie Shear, a ... Read the full article
Marsh McLennan Agency acquires Focus Insurance
8th November 2022
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Focus Insurance, a personal insurance brokerage firm based in Houston, Texas. All Focus employees, including Vice President at Focus Mickie Comiskey, will be joining Marsh McLennan Agency (MMA). Comiskey said, “Joining MMA is an opportunity for us to deliver even ... Read the full article
Generali reaches insurance distribution agreement with CTT Group in Portugal
7th November 2022
Generali’s Portuguese entity Tranquilidade has entered into a long-term agreement with CTT Group, the Portuguese postal services group, for the distribution of Life and P&C policies, with the partnership being reinforced by the acquisition of a stake in ... Read the full article
Ryan Specialty announces Centurion Liability Insurance Services acquisition
7th November 2022
International specialty insurance firm, Ryan Specialty has announced it has acquired certain assets of Centurion Liability Insurance Services, LLC. The terms of the transaction have not been disclosed Centurion is a professional lines wholesale insurance broker with employees based in Florida and California. It was partially owned by the Insurance Office ... Read the full article
Specialty Program Group acquires the assets of Catapult Insurance Solutions
7th November 2022
Specialty Program Group LLC (SPG), a leading operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of Catapult Insurance Solutions. Catapult is a privately held managing general insurance agency and wholesale brokerage for niche industries and hard-to-place risks. The company is led by President, Tim Sunderman. Moreover, Catapult's largest ... Read the full article
Monument Re completes acquisition of portfolio from Zurich International Life
4th November 2022
Monument Re’s Isle of Man subsidiary, Monument International Life Assurance Company Limited (MILAC) has completed its acquisition of the closed book portfolio of Zurich International Life Limited’s (ZILL) Singapore long term life insurance business. The ZILL Singapore branch portfolio and employees have transferred into the Singapore branch of MILAC following receipt ... Read the full article
Gallagher bolsters Irish presence with acquisition of Doyle Mahon
4th November 2022
Gallagher has announced that it has acquired Doyle Mahon Insurances, further augmenting its presence in Ireland. The news follows Gallagher’s acquisition of Innovu in June this year, which it has now fully integrated and is being rebranded to Gallagher on November 7th, 2022, marking the firm’s first direct presence in ... Read the full article
Marsh McLennan Agency acquires Bradley Insurance
4th November 2022
Commercial insurance broker based in Tennessee, Bradley Insurance Agency, has been acquired by Marsh McLennan Agency (MMA), a subsidiary of Marsh. The terms of the acquisition have not been disclosed. According to the announcement, all Bradley Insurance employees will be joining MMA, including Kendall and Kevin Bradley who acquired the agency ... Read the full article
Arthur J. Gallagher acquires M&T Insurance Agency
3rd November 2022
Re/insurance broking firm, Arthur J. Gallagher has completed its acquisition of Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corporation. Terms of the transaction were not disclosed. Last month the firm said in a statement that it had signed a definitive agreement to acquire the indirect subsidiary ... Read the full article
Longshore completes acquisition of Southwest Adjusters
2nd November 2022
Longshore Capital Partners has announced that it has completed the acquisition of a multi-line independent insurance adjustment agency, Southwest Adjusters, with Evolve Capital Partners acting as the exclusive financial advisor. Southwest Adjusters (SWA) is headquartered in Dickinson, TX, and provides outsourced insurance claim adjusting services nationwide for property, catastrophe, desk and ... Read the full article
Monument Re completes acquisition of portfolio from AXA Belgium
2nd November 2022
Life insurance and reinsurance holding company, Monument Re, through its Belgian subsidiary Monument Assurance Belgium (MAB) has completed the acquisition of a run-off life insurance portfolio with BEGAAP provisions of €2.6 billion from AXA Belgium. The acquisition was completed following regulatory approval from the National Bank of Belgium. Talks of the ... Read the full article
Wright Flood acquires IAT Insurance Group’s flood policy book
2nd November 2022
Wright National Flood Insurance Company has announced an agreement to acquire the flood insurance policy book from IAT Insurance Group Inc. and its affiliate Occidental Fire and Casualty Company of North Carolina. Beginning in early 2023, Wright Flood will service, administer, and issue flood coverage under the National Flood Insurance Program ... Read the full article
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