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.
WTW to complete acquisition of WTW India
12th April 2022
WTW has received approval from the Insurance Regulatory and Development Authority of India on its acquisition of the remaining 51% shares in WTW India. In addition, the firm has announced that Vivek Nath has been appointed as head of India for WTW. The transaction will see WTW add the insurance broking ... Read the full article
M&A activity continued to pick up in 2021: Sidley
8th April 2022
According to Sidley Global's Insurance Review, the resurgence in insurance mergers and acquisitions (M&A) that characterised the last two quarters of 2020 continued to pick up throughout 2021, with very few lingering effects from the COVID-19 pandemic that had suppressed deal activity in early 2020. Last year saw the consummation of ... Read the full article
AJ Gallagher acquires UK claims administrator
6th April 2022
Global insurance broker, Arthur J. Gallagher & Co., has announced its acquisition of UK third-party claims administrator Claims Settlement Agencies Ltd (CSA). Arthur J. Gallagher’s risk management services subsidiary, Gallagher Bassett International Ltd (GB), carried out the purchase of CSA, which is based in Hadleigh, Essex. Founded in 1990, CSA specializes in ... Read the full article
R&Q ratings under review after takeover announcement
5th April 2022
AM Best has placed the ratings of R&Q and its subsidiaries under review with developing implications, following last week’s announcement that the company will be acquired by one of its major shareholders, in an deal backed by investment group 777 Partners. The developing implications reflect uncertainties surrounding R&Q’s prospective risk-adjusted ... Read the full article
AUB Group confirms Tysers discussions ongoing
4th April 2022
AUB Group has said that no deal has been reached in its ongoing discussions on acquiring wholesale broker Tysers. The announcement comes amidst widespread reporting that the two firms had reached an agreement in which AUB had won a bidding war for Tysers. However, AUB sent out a brief release to ... Read the full article
Realogy closes sale of TRG
4th April 2022
Realogy Holdings, a provider of U.S. residential real estate services, has closed the previously announced sale of Title Resources Guaranty Company (TRG), Realogy's title insurance underwriter, to an affiliate of Centerbridge Partners, a private investment management firm. Realogy received $210 million in cash and a 30% equity interest in the newly ... Read the full article
Brown & Brown completes acquisition of Orchid & CrossCover
1st April 2022
Brown & Brown has completed its purchase of Orchid Underwriters Agency and CrossCover Insurance Services. The deal was originally announced at the end of February, when the firm entered into an agreement to purchase the two firms. As we reported, following the acquisition by Brown & Brown, Orchid will continue to ... Read the full article
KGM acquires Eridge Underwriting Agency
1st April 2022
KGM Underwriting Services has acquired Eridge Underwriting Agency, a Managing General Agent (MGA) catering for specialist and higher rated motor insurance, which is expected to be completed in May. The acquisition is expected to strengthen the KGM broker product suite and maintain its focus on being the flexible and agile alternative ... Read the full article
R&Q to be acquired by 777 Partners backed Brickell PC Insurance
1st April 2022
Randall & Quilter Investment Holdings Ltd (R&Q), the non-life global specialty insurance company focused on program management and legacy transactions, is set to be acquired by one of its major shareholders, in an acquisition backed by investment group 777 Partners. The acquisition will value Randall & Quilter's (R&Q's) existing issued share ... Read the full article
Occam acquires Terrorism MGA Beech Underwriting
30th March 2022
Occam Underwriting, the specialist lines focussed Managing General Agency (MGA), has completed the acquisition of Beech Underwriting Agencies having received the required approval from the Financial Conduct Authority. Beech Underwriting is an approved Lloyd’s cover-holder that focuses on the placement of Terrorism and other specialist related insurance, for over 20 years. The ... Read the full article
Generali buys stakes in Indian offshoots
30th March 2022
Generali has finished acquiring 16% of Future Generali India Life (FGIL), following regulatory approval. The firm said it had bought what amounted to the entire stake held by Industrial Investment Trust, alongside additional shares. Generali now holds a stake of around 68% in FGIL, which may increase further to 71% by ... Read the full article
Constellation to pick up Michigan Professional Insurance Exchange
29th March 2022
Constellation has announced that it is to acquire the business, assets, and liabilities of Michigan Professional Insurance Exchange (MPIE). The agreement, which is subject to regulatory and subscriber approval, comes as AM Best said the financial strength rating and long-term issuer rating ratings of Constellation will remain unchanged. A release from Constellation ... Read the full article
Clyde & Co merges with BLM law firm
28th March 2022
Global law firm Clyde & Co and UK-headquartered law firm BLM have agreed to a merger following a vote in favour by partners at both firms, which is due to take place in July. The combined entity will be known as Clyde & Co and together will have a global revenue ... Read the full article
RGA buys minority investment in Velocity
25th March 2022
Reinsurance Group of America (RGA) has made a minority investment in Velocity Capital Advisers through a wholly owned subsidiary. In addition, the firm said it had entered into a long-term investment management agreement on behalf of one or more subsidiaries of RGA. Velocity has AUM of nearly $1.5bn. Leslie Barbi, executive vice ... Read the full article
Exor bumps up price of PartnerRe by €328m
25th March 2022
Exor has increased the sales price for PartnerRe by €328m. Last year, the firm made a deal with Covéa to sell PartnerRe for $9bn. However, Exor said, in announcing its board of directors approving its 2021 figures, that the price had risen. Exor wrote: “The agreed cash consideration of $9.0bn to ... Read the full article
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