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.
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
Verisk sells energy business Wood Mackenzie to Veritas for £3.1bn
31st October 2022
Global data analytics provider Verisk has announced plans to sell its energy business, Wood Mackenzie, to Veritas Capital for $3.1 billion as it continues to shift its focus towards becoming a pure-play re/insurance business. Having joined Verisk in 2015, Wood Mackenzie provides data, analytics, and insights to support the energy, ... Read the full article
Rcapital and Montague complete acquisition of UK General and PPL
31st October 2022
Rcapital and joint investor Montague Risk Partners have completed the acquisition of UK General Insurance and Precision Partnership Limited, following regulatory approval. The deal was first announced in August and brings together UKG and PPL under the chairmanship of Lord Marland, chief executive Tim Smyth, and CFO Ryan Gill. Lord Marland commented, ... Read the full article
Aegon to combine its Dutch operations with a.s.r.
27th October 2022
Aegon has announced it has reached an agreement with a.s.r. to combine its Dutch pension, life and non-life insurance, banking, and mortgage origination activities. The firm states that the combination will create a leading Dutch insurance company, enabling it to accelerate its strategy and will represent a major step in its ... Read the full article
Fosun weighs options for Peak Re as it looks to pay down debt
27th October 2022
Chinese conglomerate and investment company, Fosun International Ltd. is considering selling its majority stake or a minority interest in Peak Reinsurance Co., according to Bloomberg News sources. A transaction could value Peak Re at $500 million to $1 billion, and potential buyers have shown interest, including private equity firms, sources said. ... Read the full article
Acrisure to acquire two more firms
26th October 2022
Fintech firm Acrisure is to acquire the firms Sutton Winson and Sutton Specialist Risks (SSR). Both deals are subject to FCA approval and are expected to close within the next few weeks. This year, the firm says that it has completed or has under a letter of intent more than 120 ... Read the full article
AmTrust acquires DUAL NA’s middle market management liability practice
25th October 2022
AmTrust Financial Services, Inc. has acquired the middle market management liability business of DUAL North America. The acquisition includes DUAL North America’s underwriting team and renewal rights to its portfolio. As part of the transaction, seven DUAL professionals will join AmTrust's EXEC unit. Moreover, DUAL North America Management Liability is a nationwide admitted ... Read the full article
Compre to acquire Irish subsidiary of Covéa
21st October 2022
Bermuda-headquartered international legacy group, Compre has announced that it has signed agreements to acquire the Irish subsidiary of Covéa, Medical Insurance Company DAC (MIC), which provided general liability insurance covering professional medical malpractice risks. The transaction is subject to regulatory approvals. Moreover, the acquisition represents a further step in Compre’s ambition to ... Read the full article
ReSource Pro acquires software solutions firm, MIS Insurance Services
20th October 2022
ReSource Pro, a provider of business process solutions for the insurance industry, has acquired MIS Insurance Services LLC., a software solutions company that provides an integrated suite of web-based services to the commercial property and casualty (P&C) insurance market. The transaction closed on October 14, 2022. RVR Consulting Group acted as ... Read the full article
Berkshire Hathaway completes Alleghany acquisition
19th October 2022
Berkshire Hathaway has officially announced the completion of its acquisition of Alleghany, having received all regulatory approvals earlier this week. It was first announced in March that Warren Buffett’s insurance and reinsurance firm had reached an agreement to acquire all of Alleghany’s outstanding shares in an $11.6 billion transaction. The deal, ... Read the full article
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