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.
Brown & Brown completes Global Risk Partners acquisition
7th July 2022
US broker firm Brown & Brown has completed the acquisition of Global Risk Partners Limited (GRP). In March 2022, the firm agreed to buy the insurance operations of GRP for an undisclosed amount in a deal expected to close in Q3. According to the announcement, GRP will operate within the Brown & ... Read the full article
One80 Intermediaries acquires SelmanCo
7th July 2022
Specialty insurance broker One80 Intermediaries (One80) has announced the acquisition of insurance administrator SelmanCo. Headquartered in Cleveland, Ohio, the third-party administrator and broker offers life, supplemental health and related products and services to associations and financial institutions through the US and Canada. According to the announcement, with the acquisition of SelmanCo, One80 ... Read the full article
Marsh McLennan Agency acquires CS Insurance Strategies
6th July 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of CS Insurance Strategies, Inc., a full-service insurance agency based in Chicago. Terms of the acquisition were not disclosed. Founded in 2209 by Chief Executive Officer (CEO), Charles Smith, CS Insurance Strategies is ... Read the full article
Clyde & Co merges with BLM, rebrands claims platform
5th July 2022
Clyde & Co’s merger with UK and Ireland law firm BLM has gone live, with the new combined firm now known as Clyde & Co. BLM’s teams have become part of Clyde & Co’s global insurance practice, with the majority joining its casualty insurance practice. The new company has ... Read the full article
Howden announces acquisition of Wallace McLean
5th July 2022
International insurance broker, Howden has announced the acquisition of Wallace McLean. The acquisition will further strengthen the brokers local expertise, and will also provide them with an enhanced platform for its strategic growth plans in New Zealand. The announcement of this acquisition comes just two months after it was announced that Howden ... Read the full article
Generali completes acquisition of La Médicale from Crédit Agricole Assurances
5th July 2022
Italian insurer Generali has completed its acquisition of La Médicale, the insurance subsidiary for healthcare professionals Crédit Agricole Assurances. As well as this, Generali has also completed the purchase of Predica’s death coverage portfolio, which is marketed and managed by La Médicale. following all necessary approvals from the relevant regulatory and ... Read the full article
Ardonagh Europe acquires Léons Group
4th July 2022
Ardonagh Europe has acquired Dutch broker firm and consultancy Léons Group. Headquartered in Amsterdam and founded in 1951 by Max Léons, Léons Group specialises in full-service insurance solutions to corporate clients and is renowned for expertise in complex cases and international operations. It will continue to operate independently as part of Ardonagh ... Read the full article
Vertafore acquires MGA Systems
4th July 2022
Vertafore has announced that it has acquired MGA Systems, a provider of purpose-built software for Managing General Agents (MGAs). The acquisition will give Vertafore customers access to policy administration and rating solutions that will be integrated into Vertafore's suite. The MGA market has seen consistent growth over the several ... Read the full article
Chubb completes acquisition of Cigna APAC businesses
1st July 2022
Chubb Limited has completed its acquisition of the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna, in six Asia-Pacific markets. Chubb paid $5.36 billion for the operations, which includes Cigna’s accident and health (A&H) and life business in Korea, Taiwan, New ... Read the full article
BF&M eyeing potential sale?
1st July 2022
BF&M has initiated a Strategic Review that may result in the sale of the company. Calling it a ‘review of strategic alternatives’, the board of directors has established a special committee after discussions with its principal shareholder. The committee will be chaired by group chairman and chief executive officer John Wight ... Read the full article
Booming tech M&A deals present unique insurance risks, says CFC
29th June 2022
Specialist insurance provider CFC has encouraged brokers to play a greater role in helping their tech clients mitigate the unique risks they face when considering any merger or acquisition deal. The cites the top three risks within tech M&A deals as intellectual property, data protection and cyber security. “The tech sector saw ... Read the full article
Helvetia grows stake in Spanish insurer Caser
29th June 2022
Swiss insurance group Helvetia has acquired a further 10% of the share capital of Caser for an undisclosed price, meaning it now owns 80% of the Spanish insurer. At the same time, Caser has sold its stake in the life insurance company Sa Nostra Vida to Caixabank for $277.3 Million. With these ... Read the full article
Policy Expert up for potential £1bn sale
28th June 2022
Sources have reported that options are being explored for a potential £1 billion sale of UK digital home and car insurer Policy Expert. Bloomberg writes that investment firm Primary Group and advisors Perella Weinberg Partners are working with Policy Expert’s parent company, QMetric Group, to look at possible buyers. It’s been reported ... Read the full article
Duck Creek buys reinsurance software solution Prima XL
28th June 2022
Duck Creek has agreed on an acquisition to buy reinsurance tech software solutions Prima XL and Prima Compliance for Solvency II. The firm said in a statement that through its proposed acquisition of these two cloud-based, software-as-a-service (SaaS) solutions, Duck Creek will expand its global operations and local presence in the ... Read the full article
Fairfax sells two pet insurance brands to JAB Holding
23rd June 2022
Fairfax has sold its interests in C&F Pet and Pethealth Inc. to JAB Holding Company in a deal worth $1.4 billion. Fairfax will receive $1.4 billion in the form of $1.15 billion cash and $250 million in seller notes. As a result of the sale, JAB’s combined global ... Read the full article
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