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.
Aon makes three appointments for UK M&A and Transaction Solutions team
14th July 2022
Leading global professional services firm, Aon plc has made three appointments for its M&A and Transaction Solutions team in the UK. Sam Bridges joins the firm’s Corporate M&A Coverage team as Director and brings more than 20 years of experience as an investment banking professional at J. P. Morgan. At the same ... Read the full article
United (UPC Insurance) exploring sale, merger, and other options
14th July 2022
The Board of property and casualty insurer, United Insurance Holdings Corp. (UPC Insurance), is undertaking a review of the firm's strategic and capital raising alternatives, which could lead to a sale or merger. According to UPC Insurance, the Board has now initiated the review and will explore a wide range of ... Read the full article
Specialty Program Group acquires ESP Insurance Brokerage
13th July 2022
Specialty Program Group, a specialty insurance brokerage, has acquired ESP Insurance Brokerage, a national insurance broker and program administrator for the sports, events and promotion marketing and entertainment industries. ESP offers US-wide coverage solutions, including athletic insurance for teams and leagues, tournaments, insurance for entertainment, leisure and sports facilities, event liability ... Read the full article
WTW announces acquisition of Butterwire
13th July 2022
Re/insurance broker WTW has announced the acquisition of Butterwire – a FinTech provider of data analytics, AI, and machine learning platforms. The acquisition will help to further strengthen WTW’s world-leadingcli capabilities in delivering climate risk analytics to organisations around the world. Butterwire’s team of research, data science and software engineering professionals offer ... Read the full article
Covéa completes deal to purchase PartnerRe from EXOR
13th July 2022
French mutual insurer Covéa has completed the acquisition of global reinsurer PartnerRe from EXOR, the Agnelli family owned investment and holding company, for a total cash consideration of $9.3 billion (€8.6bn). After signing a Memorandum of Understanding (MoU) in October 2021, after an initial deal was terminated in May ... Read the full article
PCF Insurance acquires P&C MGA United Underwriters
12th July 2022
US insurance brokerage firm PCF Insurance Services (PCF), has announced the acquisition of Utah-based property and casualty managing general agent (MGA) United Underwriters. Founded in 1998, United Underwriters offers 150-plus agencies across the Western United States property and casualty MGA services and programs These include homeowners, renters, dwelling, commercial, personal umbrella, earthquake, ... Read the full article
VR Insurance Holdings completes merger with National Security Group
11th July 2022
Underwriting firm The National Security Group, Inc (NSG) has completed the previously announced merger with Delaware-based corporation VR Insurance Holdings. Back in January, plans to merge the companies were announced. Under the terms of the deal, each share of NSG common stock has been converted into the right to receive ... Read the full article
AnaCap’s MRH Trowe completes three additional bolt-on acquisitions
8th July 2022
AnaCap Financial Partners has announced that its portfolio company, MRH Trowe (MRHT) – a leading owner managed commercial lines insurance broker in Germany, has successfully completed three bolt-on acquisitions in quick succession, building upon its strong momentum in building the leading German insurance broking consolidation platform. The latest acquisitions underpin the ... Read the full article
Miller acquires Japanese broker Lead
7th July 2022
Independent specialist re/insurance broker, Miller, has announced the acquisition of Tokyo-based Lead Insurance Services Limited (Lead). According to the announcement, this acquisition cements a longstanding relationship between the two businesses. The Japanese broker specialises in Hull, War Risks and Protection & Indemnity insurance, which, according to Miller, offers a highly complementary service ... Read the full article
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
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