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.
One80 acquires Asian American insurer C&M First Services
28th September 2022
One80 Intermediaries, a specialty insurance broker, has acquired C&M First Services, a full-service brokerage firm that provides commercial and personal lines insurance to Asian American retail brokers throughout the United States. According to the announcement, by acquiring C&M First, the company is launching its Asian American distribution practice. The terms of ... Read the full article
Acrisure acquires CRK Commercial Insurance Services
28th September 2022
Global insurance broker and fintech leader, Acrisure has announced its acquisition of CRK Commercial Insurance Services Limited, the specialist commercial schemes provider. The deal is expected to close at the start of October 2022. Established in 2000, CRK is a highly successful broker within the manufacturing and engineering space, under the leadership ... Read the full article
Chedid Capital expands with acquisition of UAE online insurance platform
23rd September 2022
Chedid Direct Limited, a company of Chedid Capital, has announced it has become the majority shareholder of MMR Holding Limited, which is based in the Abu Dhabi Global Market and is the owner of the online insurance platform, BuyAnyInsurance. The transaction offers MMR access to a network of brokers in 60+ ... Read the full article
Underwriters Safety & Claims rebrands as Charles Taylor TPA following acquisition
22nd September 2022
Charles Taylor, an independent global provider of claims solutions, has announced that it has formally rebranded Underwriters Safety & Claims, which will now operate as Charles Taylor TPA. The rebranding follows Charles Taylor’s 2021 acquisition of the national third-party administrator, which expanded helped to expand their Charles Taylor’s management footprint, and ... Read the full article
Howden to acquire French insurance broker Théorème
21st September 2022
International insurance broker, Howden, has agreed to acquire Théorème, a family-owned corporate insurance broker headquartered in Paris. Upon completion, Xavier de Font-Réaulx will serve as General Manager of Théorème, and will report to Nicolas Aubert, CEO France. This acquisition follows Howden’s recent agreement to acquire broker firm CFR, the firm’s first ... Read the full article
European Life Consolidation activity improves after slow start to 2022: Fitch
21st September 2022
According to a report by Fitch Ratings, European life consolidation activity picked up following a slow start to 2022 with four acquisitions announced within less than two months. Of the deals announced, two were in Germany, with one each in the UK and Netherlands. This brings the year-to-date volume by liabilities ... Read the full article
dClimate acquires Oasis Hub to expand climate change datasets
21st September 2022
dClimate has announced it has acquired Oasis Hub, a leading global data platform and aggregator for catastrophe, extreme weather, climate change and environmental risk data. dClimate states that the acquisition of Oasis Hub enables it to bring thousands of environmental and climate datasets, tools, and models on-chain as part of its ... Read the full article
Crum & Forster launches new life insurance business unit
20th September 2022
Property & Casualty (P&C) insurer, Crum & Forster has launched a new life insurance business unit, helping to further build on the organisations 2021 acquisition of Monitor Life Insurance Company of New York. Both the acquisition and launch of a new life insurance business unit will allow the company to continue ... Read the full article
Howden acquires Swiss broker, Born Consulting AG
16th September 2022
International insurance broker Howden, has acquired Swiss Broker, Born Consulting AG. Founded in 2003, Born Consulting is based in Bern, Switzerland and is an independent insurance broker for national and international intermediaries, large companies and the public sector. Born Consulting prides itself on its client experience, as well as its 'entrepreneur for ... Read the full article
Argo syndicate sale could boost earnings, says S&P
9th September 2022
Analysts at S&P have assured that no immediate impact to ratings will be felt following Argo Group International Holdings’ sale of its Lloyd's Syndicate 1200 and Argo Underwriting Agency Ltd. to Westfield Specialty. However, the rating agency added that the transaction could improve Argo’s prospective earnings. Back in April, Argo confirmed ... Read the full article
Westfield Specialty acquires Argo’s Lloyd’s Syndicate 1200 in $125m deal
8th September 2022
Westfield Specialty, a U.S. property and casualty insurer, has accelerated its "rapid growth" with the acquisition of Lloyd's Syndicate 1200 from Argo Group International Holdings, marking its entry into the international specialty market. The deal remains subject to regulatory approval but is expected to close in the first half of next ... Read the full article
Säkra to be acquired by private equity firm Cinven
8th September 2022
Cinven, an international private equity firm, has announced it has reached an agreement to acquire Säkra, an insurance broker headquartered in Stockholm. The details of the transaction have not been disclosed, and it is subject to customary regulatory and antitrust approvals. Säkra is one of Sweden’s largest insurance intermediaries, providing life and ... Read the full article
Howden RE and TigerRisk to launch $6bn global MGA business
6th September 2022
Howden RE and TigerRisk have announced the creation of Howden Tiger SabRE (SabRE), a new group combining their MGA operations and programme capabilities. SabRE will come into form following the completion of Howden Group Holdings’ (Howden) acquisition of TigerRisk, which is expected to close in Q1 2023, subject to regulatory approval. The ... Read the full article
Marsh McLennan Agency acquires Steinberg & Associates
5th September 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Steinberg & Associates, Inc., an independent agency based in Spartanburg, South Carolina. Steinberg & Associates was founded in 1969, offering employee health and benefits, estate planning, and private client services to midsize ... Read the full article
Paragon Insurance Holdings acquires Reel Media
5th September 2022
Paragon Insurance Holdings LLC, a Galway Holdings company writing all commercial lines of insurance, has acquired Reel Media, LLC, a insurance solutions provider for the broader entertainment and sports industries. This acquisition, Paragon noted, is part of the company’s bid to diversify and expand into the global specialty markets. Reel Media has ... Read the full article
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