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.
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
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
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