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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.

RGA Re joins race to acquire Generali’s Netherlands operations

4th July 2017

Reinsurance Group of America (RGA Re) has reportedly joined the race to acquire the Netherlands operations of insurance giant Generali. Assicurazioni Generali, one of the largest insurance group's in the world, is actively trying to sell its Netherlands and Belgian operations, with RGA Re joining the race to acquire the Dutch ... Read the full article

USI Insurance to acquire Wells Fargo Insurance Services USA

29th June 2017

USI Insurance Services (USI) and Wells Fargo & Company ( Wells Fargo) have announced the entry into an agreement that will see USI acquire Wells Fargo Insurance Services USA (WFIS). The acquisition includes WFIS' Insurance Broking and Consulting unit, Employee Benefits and Property & Casualty national practices, and also Safehold Special Risk, ... Read the full article

Suncorp increases Tower bid, attempts to secure acquisition

26th June 2017

Australia and New Zealand based insurer Suncorp Group is trying to seal its acquisition of the remaining shares in Tower Insurance of New Zealand with an increased bid. Back in February, Prem Watsa’s Fairfax Financial made an all cash offer at $1.17 per share, so valuing Tower at $197 million, ... Read the full article

Randall and Quilter announces sale of Lloyd’s managing agency to Coverys

23rd June 2017

Randall & Quilter Investment Holdings (R&Q) has announced the sale of its Lloyd's of London managing agency arm, R&Q Managing Agency Ltd., to Coverys, a step it has taken to simplify its business operations. Randall & Quilter (R&Q) had previously announced that it would look to simplify its operations to focus ... Read the full article

Brown & Brown acquires TriCoast Insurance Services

19th June 2017

Brown & Brown has expanded its product offerings in the earthquake and hurricane insurance market through the acquisition of TriCoast Insurance Services by one of its subsidairies. Arrowhead General Insurance Agency acquired agent TriCoast Insurance - which offers agents and insureds access to earthquake and hurricane insurance products and boasts an annual net revenue ... Read the full article

Re/insurers looking to M&A to deploy excess capital in 2017

12th June 2017

European insurance and reinsurance firms are turning to sharebacks and M&As to deploy high levels of excess capital one year after the Solvency II regime took effect, a Moody's survey of 18 Chief Financial Officers (CFOs) from Europe's largest multinationals revealed. Last year just 10% of survey participants said they were ... Read the full article

Compre to acquire captive Equinox CA Europe

12th June 2017

Insurance and reinsurance legacy specialist Compre has today announced plans to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin. Nick Steer, CEO of Compre, said; “I am delighted to announce this latest acquisition, our fourth this year, from a leading group in its field. "This is ... Read the full article

Qatar Re reported bidding on UK motor insurer

12th June 2017

Sky News has reported that Bermuda domiciled reinsurer Qatar Re, part of the Qatar Insurance Company (QIC), has joined forces with another investor to make a £500 million bid for a UK motor insurance group. Qatar Re is reported to have aligned itself with U.S. based private equity investment ... Read the full article

Arthur J. Gallagher & Co acquires Zuber Insurance Agency & Williams-Manny Insurance

31st May 2017

Arthur J. Gallagher & Co has expanded its reach throughout the states of Texas and Illinois with the acquisition of Zuber Insurance Agency, a commercial and personal property/casualty insurer serving clients in Texas and Williams-Manny Insurance, a retail insurance broker and employee benefits consultant in Northern Illinois. The teams and directors of both ... Read the full article

M&A activity to increase as foreign firms move into international markets: Fitch

23rd May 2017

Rating agency Fitch highlighted in its report on last year’s reinsurance trends that Merger and acquisition (M&A) activity is not only growing in response to limited organic expansion options, but also as firms with reinsurance operations increasingly become the target of foreign companies seeking to move capital and operations into ... Read the full article

HPS Investment Partners, MDP and Price Forbes merge UK business networks

12th May 2017

HPS Investment Partners (HPS) and Madison Dearborn Partners (MDP) have announced plans to merge their UK regional business networks. The merger will include most of the firm's existing general insurance investments, two recent acquisitions, and reinsurance broker Price Forbes. Autonet, Chase Templeton, Ryan Direct Group, Towergate Group and Price Forbes will join forces to ... Read the full article

Catalina Holdings UK completes HFPI and DLM acquisition

11th May 2017

Catalina Holdings has announced that it's UK subsidiary has completed the acquisition of Hartford Financial Products International (HFPI) and Downlands Liability Management (DLM), from The Hartford Financial Services Group. The announcement comes after the insurer received Prudential Regulation Authority (PRA) and Bermuda Monetary Authority (BMA) approval to finalise the purchase. HFPI is a ... Read the full article

AmWINS expands with Partners acquisition

20th April 2017

AmWINS Group and Partners Specialty Group, are set to merge to form a single U.S. -based specialty insurance broking giant, with a global operating spectrum of $14 billion of combined annual premiums and 4,100 employees across 12 countries. Partners will join AmWINS' Brokerage Division, expanding the firm's broking capacity with its expertise ... Read the full article

2017 an “environment of cautious optimism” for U.S. & Bermudian M&A: Deloitte

13th April 2017

Deloitte has proclaimed its M&A outlook for this year an "environment of cautious optimism," saying it expects U.S. and Bermudian re/insurers to plan for, but delay final execution of mergers & acquisitions until implications of potential regulatory and tax code changes become clearer. “Entering 2017, the post-election stock run-up and quarter-point ... Read the full article

Conning forecasts record levels of M&A activity in 2017

10th April 2017

A record number of M&A transactions in the distribution end of the market, with tech-driven service providers and equity brokers at the forefront of the transaction boom, is predicted for 2017 in investment management firm, Conning’s, annual global insurance M&A study. Insurance brokers and private equity sponsors have been leading the ... Read the full article

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