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.
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
Acrisure picks up brokerage Russell Scanlan
22nd June 2022
Acrisure has bought broker and risk management firm Russell Scanlan. The deal, which is pending approval by the UK’s Financial Conduct Authority (FCA), is expected by the firm to be completed in ‘the near term’. To date in 2022, Acrisure has completed or has under letter of intent 100 acquisitions. Established in ... Read the full article
Relation Insurance Services acquires G2 assets
22nd June 2022
Relation Insurance Services (Relation), a privately held corporation backed by Aquiline Capital Partners, has acquired the assets of California-based G2 Insurance Services, an insurance brokerage firm. The transaction brings an established, high-growth insurance brokerage firm to Relation and expands the firm’s growing national footprint and areas of expertise. The entire G2 team ... Read the full article
Tokio Marine Highland sells US construction business to Intact Insurance Group
17th June 2022
Tokio Marine Kiln (TMK) has announced that a definitive agreement has been signed with Intact Insurance Group USA LLC (Intact) for the sale of Tokio Marine Highland’s (TMH) US construction division. In a press release, it states that Waller Helms Advisors acted as financial adviser and Morgan, Lewis & Bockius LLP ... Read the full article
BMS acquires SRG Group
16th June 2022
Broker firm BMS has acquired SRG Group. The acquisition was announced in a statement from the firm, saying that it had purchased the brokerage, which has operations in Perth and Queensland. BMS said it had acquired SRG in full, with staff transferring to BMS. Andrew Godden, chief executive of BMS’ Australian business, ... Read the full article
Positive outlook for M&A activity, say Aon and Mergermarket
15th June 2022
The recently released M&A Risk in Review report by Aon and Mergermarket, has found optimism in the market as it suggests that last year's resurgence of M&A activity can be somewhat sustained, yet headwinds persist in the wake of the Covid-19 pandemic. Even though record levels will ... Read the full article
What’s going on with 777 Partners’ R&Q Holdings shares?
10th June 2022
In the wake of a failed attempt to acquire Randall & Quilter Investment Holdings Ltd (R&Q), it turns out a significant proportion of shares in R&Q owned by would-be acquirer 777 Partners were held as collateral to a loan by another party. On April 1st, perhaps a prescient date, it ... Read the full article
Howden Tiger will be a breath of fresh air in reinsurance: David Howden
10th June 2022
For re/insurance broking group Howden, the recently announced acquisition of TigerRisk Partners transforms its position in the reinsurance space, with the enlarged business set to challenge the status quo and empower talent, according to Howden Group's Chief Executive Officer (CEO), David Howden. Yesterday, Howden announced an agreement to create the ... Read the full article
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