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.
FRISS acquires Polonious software
9th March 2022
AI-powered fraud and risk solution provider for the property & casualty insurance sector FRISS has acquired Polonious, a software for special investigations and case management, which will enable FRISS to support claims departments, special investigations units and private investigations firms. Polonious’ product will improve FRISS Investigations capabilities worldwide, closing the loop ... Read the full article
Brown & Brown to acquire Global Risk Partners
8th March 2022
Brown & Brown has agreed to buy the insurance operations of Global Risk Partners (GRP) for an undisclosed amount in a deal expected to close in Q3. GRP will operate within the Brown & Brown Retail segment and will continue to be led by Mike Bruce, global chief executive officer of ... Read the full article
CEH & Brady Insurance acquire Loftus Insurance Brokers
7th March 2022
Coverys European Holdings (CEH) & Brady Insurance have acquired Loftus Insurance Brokers. The new combined entity will be run by Jane Brady as managing director, with Liam Loftus assisting their management team in a consultancy role. Loftus Insurance Brokers was set up in 2000 consolidating three existing brokerages. The deal adds to ... Read the full article
CoreLogic names Next Gear’s Garret Gray to lead Protect Business
7th March 2022
CoreLogic has appointed Garret Gray to lead its Protect Business Unit, following the company’s acquisition of Next Gear Solutions, where Gray was the founder and Chief Executive Officer (CEO) in 2021. Gray's appointment unites all of CoreLogic’s global insurance data and technology solutions as he leads the unit and his team. The ... Read the full article
Truist Insurance Holdings acquires Kensington Vanguard
7th March 2022
Truist Insurance Holdings has acquired Kensington Vanguard, in the process launching its new insurance services division. The deal will see BridgeTrust Title Group, Truist Insurance’s current title and settlement services business, be integrated into and operate under the Kensington Vanguard brand. Concurrent with the close of this transaction, Truist Insurance Holdings announced ... Read the full article
Acrisure acquires Summa Insurance Brokerage
7th March 2022
Global insurance broker and fintech platform Acrisure has acquired Summa Insurance Brokerage, making it Acrisure’s first expansion into the Spanish market, bringing the number of countries in which the company has a physical presence to ten. This follows Acrisure’s recent partnership with Brazilian firm It’sSeg and adds another major European ... Read the full article
Resolution Life to acquire AIA Australia’s Superannuation & Investments business
7th March 2022
Resolution Life Australasia (Resolution Life) has entered an agreement with AIA Australia to acquire its Superannuation & Investments business, which will add significant value and scale benefits to the company. It will increase Resolution Life’s funds under management and administration by over AUSD$8 billion and result in 162,000 AIA Australia customers ... Read the full article
Verisk expands Canadian footprint with Opta acquisition
4th March 2022
Data analytics provider Verisk has acquired Opta, a Canadian provider of property intelligence and technology solutions, to further expand Verisk’s footprint in the Canadian market. The acquisition has enabled Verisk to adopt Opta’s technology and commitment to innovation, which will further fuel efforts to help customers improve operational efficiencies by delivering ... Read the full article
Liberty Mutual completes acquisition of State Auto Group
4th March 2022
Liberty Mutual has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio. State Auto distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents. The company has confirmed that over 2,000 State Auto employees will join Liberty ... Read the full article
One80 Intermediaries acquires ProSurance Group
4th March 2022
Specialty insurance broker One80 Intermediaries (One80) has acquired ProSurance Group (PSG), a managing general agent and program manager which focuses on professional lines coverage. PSG was founded over 20 years ago and specialises in underwriting and marketing professional lines insurance, while maintaining highly profitable programs with trusted carrier partners. The team provides ... Read the full article
DARAG acquires Guernsey based reinsurance captive
3rd March 2022
Legacy acquirer DARAG Group, has acquired a Guernsey based reinsurance captive which has been in run-off since 2019. The sale of the captive is part of a strategic realignment for its cedant owner, which is looking to tighten its business focus. Its key business lines are property damage, business interruption, and public ... Read the full article
Howden to acquire Italian broker Assiteca
2nd March 2022
Howden Group Holdings, the international insurance intermediary group, has announced plans to acquire Italian-headquartered broker Assiteca S.p.A. Assiteca has employees operating across 19 cities in Italy, as well as operations in Spain and Switzerland, with a turnover of brokerage commissions of approximately €90 million. Howden says the business will be “highly complementary” ... Read the full article
Specialist Risk Group to buy Hamilton Leigh
2nd March 2022
Specialist Risk Group (SRG) is to buy broker firm Hamilton Leigh. The deal, which is pending regulatory approval, follows SRG’s acquisitions of KBIS, The Channel Partnership, David Codling, and Associates, amongst others. In January 2022, SRG also acquired the London-based Special Risks team from Bridge Insurance. The firm also made news on these ... Read the full article
Aon acquires Tyche actuarial software platform
1st March 2022
Aon plc has acquired actuarial software platform Tyche from technology and software firm RPC Tyche, which will provide re/insurers a single technology platform with the ability to seamlessly integrate capital modelling, pricing and reserving to drive better decision-making across both life and non-life business. Tyche is a specialist in developing customised ... Read the full article
Applied Underwriters acquires Catlin Specialty Insurance Company
1st March 2022
Applied Underwriters is to acquire Catlin Specialty Insurance Company, according to a statement from the former. The deal will see Applied Underwriters purchase the firm from AXA XL and consolidate it within its North American Casualty group of companies. The transaction is set to close in the year’s second quarter after ... Read the full article
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