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 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
BRP agrees to acquire Westwood
9th March 2022
BRP Group has agreed to acquire all of the outstanding equity interests of Westwood Insurance Agency, an insurer based in California, and owned by QBE Holdings. The company is a full-service personal lines agency specialising in builder-sourced homeowner’s insurance, which has established itself as a premier partner with some of the ... Read the full article
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
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