mergers & acquisitions

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Ursano joins Hamilton as CFO, Reiss takes oversight of third-party capital

Hamilton Insurance Group, Ltd. has announced the hiring of well-known reinsurance investment banking executive Tony Ursano as the firms new Group CFO, as incumbent Jonathan Reiss takes on a new role giving him oversight of third-party capital activities.Ursano, who departed from his most recent role as President of reinsurance brokerage, read the full article →

Expect more re/insurance & ILS convergence through M&A: S&P

Mergers and acquisitions (M&A) activity is expected to continue driving greater convergence of traditional insurance and reinsurance with the insurance-linked securities (ILS) market, S&P Global Ratings expects.With conditions in reinsurance in general remaining a little pressured, in terms of earnings, while capital remains abundant, S&P believes that structural changes in read the full article →

Arch buying Barbican, increasing London access & ILS interest

Arch Capital Group, the Bermuda headquartered insurance and reinsurance firm, is set to buy managing agent, Lloyd's operator and also ILS facilitator or servicer Barbican Group Holdings Limited.Arch will gain a significantly enhanced reach and access into the London and Lloyd's insurance and reinsurance marketplace, while at the same time read the full article →

Guy Carpenter aims for “best of service” as MMC acquisition of JLT completes

The insurance and reinsurance broker landscape has shrunk by one company, as Marsh & McLennan's acquisition of rival Jardine Lloyd Thompson has now been completed.The acquisition was completed for $5.6 billion in fully diluted equity value, leaving the resulting MMC group as currently a clear leader in risk, capital and read the full article →

RenaissanceRe completes Tokio Millennium Re acquisition

RenaissanceRe (RenRe), the Bermuda based reinsurer, third-party reinsurance capital and ILS investment manager, has now completed its $1.5 billion acquisition of Tokio Millennium Re (TMR).RenaissanceRe revealed in October 2018 that it would pursue an acquisition of the Tokio Millennium Re reinsurance operations of Japanese giant Tokio Marine Holdings.Regulatory approval for read the full article →

Hamilton to double premiums with Pembroke & Ironshore Europe acquisition

Hamilton Insurance Group, the Bermuda based insurance and reinsurance holding company, has lined up considerable growth for itself, by agreeing an acquisition of Liberty Mutual's managing agency at Lloyd's Pembroke and its Ironshore Europe DAC operation.Hamilton has been expansive in recent years, having already established itself as a leading player read the full article →

RenaissanceRe gets regulatory approval to acquire Tokio Millennium Re

RenaissanceRe, the Bermudian reinsurer, third-party reinsurance capital and ILS investments manager, has received approval from regulators for its $1.5 billion acquisition of Tokio Millennium Re.RenaissanceRe (RenRe) announced back last October that it would pursue an acquisition of the Tokio Millennium Re reinsurance operations of Japanese giant Tokio Marine Holdings.The acquisition, read the full article →

Upsilon fundraising sees RenRe’s third-party capital near $5bn

Fresh capital raising for 2019 in its Upsilon vehicle has taken RenaissanceRe's third-party reinsurance and insurance-linked securities (ILS) capital under management close to $5 billion.As we explained last week, at the end of 2018 RenRe's third-party capital and  insurance-linked securities (ILS) assets under management reached $4.1 billion, driven largely by read the full article →

RenRe grows third-party capital managed to $4.1 billion

Reinsurance firm and third-party capital manager RenaissanceRe grew its insurance-linked securities (ILS) assets under management (AuM) by $500 million in 2018, with much of the increase coming from its recently launched Vermeer Reinsurance Ltd. strategy as well as growth in its Upsilon vehicle.In line with analysts’ expectations, RenRe increased its read the full article →

Apollo closes $2.6bn acquisition of Aspen, Mark Cloutier takes reins

The acquisition of Bermuda headquartered insurance and reinsurance group Aspen Insurance Holdings by funds under the management of private equity and alternative investment specialist Apollo Global Management, LLC, has now been completed.The $2.6 billion acquisition has been in the works since last August, and provides yet another sign of the read the full article →