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.
Arthur J. Gallagher acquires Commercial Insurance Underwriters
25th March 2022
Global insurance broker, Arthur J. Gallagher & Co, has acquired Commercial Insurance Underwriters (CIU), a surplus lines agency offering commercial, personal and professional lines coverages for businesses and individuals with complex, unique or hard-to-place risks, primarily throughout the upper and lower Midwest. Founded in 1984, CIU is a surplus lines agency ... Read the full article
Aston Lark buys Braddons
25th March 2022
Broker firm Aston Lark, who is going to be acquired by Howden, has taken over Braddons. The company has been on an acquisitions spree in recent months, having acquired Marine & General Insurances DAC and Healthwise Group in February; the client book of Choice Benefits in December; ... Read the full article
BP Marsh buys 40% of Denison and Partners
25th March 2022
BP Marsh has bought a 40% stake in Denison and Partners, in what the firm says is its first investment in over eighteen months. As part of the deal, BP Marsh has also provided a loan facility to Denison and Partners. This facility is available from completion and will be drawn ... Read the full article
Aon names Colin Forrest as CEO, consulting
24th March 2022
Aon plc has appointed Colin Forrest as its insurance consulting team’s global chief executive officer in the firm’s Reinsurance Solutions arm. Forrest will be based in London and joins from WTW, where he was EMEA Regional Leader of WTW’s Insurance Consulting & Technology practice. Prior to WTW, he has held senior roles ... Read the full article
Miller acquires Henner Sports
24th March 2022
Insurance broker Miller has said it is acquiring Henner Sports. Henner Sports is a French broker with fourteen employees based in Paris. Its client base is focused on high profile professional athletes and sports organisations with clients including the French national basketball team and the French international football players. Henner Sports also ... Read the full article
Moody’s considers Alleghany upgrade on Berkshire takeover
23rd March 2022
Moody’s has placed its ratings for Alleghany Corporation under review for upgrade following the announcement that Berkshire Hathaway will acquire all outstanding Alleghany shares for approximately $11.6 billion in cash. The rating agency is considering an upgrade for the Baa1 senior debt rating of Alleghany, as will as for the ... Read the full article
VIG acquires Aegon’s Hungary business for €620mn
23rd March 2022
Vienna Insurance Group (VIG) has acquired the business of the Dutch insurer Aegon in Hungary for EUR 620 million, after receiving the approval of the local Hungarian authorities. This completion is an important step towards the full closing of the sale of Aegon’s insurance, pension, and asset management businesses in Central ... Read the full article
Acrisure to acquire Volante Global; expects premiums to increase substantially
22nd March 2022
Insurance and reinsurance broker Acrisure is set to acquire managing general agent (MGA) Volante Global, a provider of niche, specialist re/insurance solutions with 2021 premiums of roughly $350 million. Under the arrangement, Acrisure will take control of all of Volante's brands, including Aesir Space, Horizon Europe AG, and all territory-based MGAs ... Read the full article
Alleghany could benefit over time from Berkshire Hathaway acquisition: AM Best
22nd March 2022
The merger between Alleghany and Berkshire Hathaway could see the former benefitting from the latter’s financial resources and flexibility, says AM Best. The ratings agency has released a new note saying that while the merger may not result in any immediate changes to Alleghany’s credit ratings, it and its affiliates could ... Read the full article
Alleghany a “perfect fit” for Berkshire Hathaway: ALIRT’s Paul
21st March 2022
David Paul, Principal at ALIRT Insurance Research, has argued that Alleghany Corporation is a “perfect fit” for the “growing insurance empire” of Warren Buffett’s Berkshire Hathaway. His comments follow news from earlier today when Berkshire Hathaway announced that it had acquired all outstanding Alleghany shares in an $11.6 billion transaction. The ... Read the full article
Berkshire Hathaway to acquire Alleghany for $11.6bn
21st March 2022
Warren Buffett's insurance and reinsurance firm, Berkshire Hathaway, has reached an agreement to acquire all of the outstanding shares of Alleghany Corporation in an $11.6 billion transaction. A definitive agreement between the pair sees Berkshire acquire all outstanding Alleghany shares for $848.02 in cash. The deal has been unanimously approved by both ... Read the full article
Arthur J. Gallagher buys Hawley & Associates
16th March 2022
Arthur J. Gallagher has bought broker firm Hawley & Associates for an undisclosed amount. A statement from Arthur J. Gallagher said that Hawley & Associates was founded seventeen years ago to provide insurance services for adoption, foster care, and child welfare agencies. The business will continue to be run by Phil ... Read the full article
MedVida looking to pick up CNP Partners
16th March 2022
MedVida is looking to acquire CNP Partners from French company CNP Assurances. Under the proposed transaction, MedVida would work with the existing CNP Partners team in both countries to strengthen ties with its distribution partners, including financial institutions, brokers, and intermediaries, and develop its digital channel. CNP Partners is a life insurance ... Read the full article
Edelweiss completes integration into Gallagher
14th March 2022
Edelweiss Gallagher will now just be known as Gallagher. The rebranding completes the integration of Edelweiss Insurance Brokers into Gallagher, a process that began in 2019 when the latter bought a minority share in the firm from Edelweiss Group. Then, last year, Gallagher purchased the remaining shares in the ... Read the full article
SiriusPoint & Mosaic strike Lloyd’s partnership, trade SIMA unit
10th March 2022
SiriusPoint has become a strategic investor in Mosaic Insurance as the company looks to "reinvigorate" its business at Lloyd's, through an arrangement that includes the sale of its Lloyd’s Managing Agency, Sirius International Managing Agency (SIMA), to Mosaic. Mosaic will acquire SIMA along with its employees as part of a larger ... Read the full article
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