mergers & acquisitions


Covéa & EXOR sign on $9bn PartnerRe sale. Reinsurance investments to continue

French mutual insurer Covéa and Italian holding company EXOR have now signed a definitive agreement on the sale of PartnerRe, with the insurer to pay $9 billion to acquire the reinsurance firm, while EXOR will now take over and continue the special purpose vehicle reinsurance investment agreements that were in read the full article →

Ardonagh gets major investment from PE funds, ADIA & institutions

The Ardonagh Group, a UK headquartered independent insurance broking, underwriting, servicing and management company and the owner of reinsurance broker Inver Re, has secured a major investment that values the firm at $7.5 billion. The institutional quality of the investment backing is a vote of confidence in the broking platform Ardonagh read the full article →

Canada Pension Plan considers sale of Ascot & Wilton Re: Report

The Canada Pension Plan Investment Board (CPPIB), one of the larger pension investors with a strong appetite for insurance and reinsurance market-linked returns, is reportedly looking to sell two of its larger equity stakes in the industry, by offloading specialty player Ascot Group and life and annuity reinsurance firm Wilton read the full article →

Gallagher Re has opportunity to accelerate ILS sales: James Kent & Pat Gallagher

With the completion of its acquisition of the treaty reinsurance business of Willis Towers Watson, Arthur J. Gallagher and its reinsurance unit Gallagher Re has an opportunity to accelerate sales of insurance-linked securities (ILS), its senior executives told Artemis. Speaking in an interview with Artemis just after the acquisition of Willis read the full article →

Gallagher Re grows significantly, as AJG completes Willis Re acquisition

Arthur J. Gallagher & Co. has announced this morning that it has now completed its acquisition of substantially all of the treaty reinsurance brokerage operations from Willis Towers Watson plc., so the Willis Re unit, which will now join and trade under its Gallagher Re brand. With this completion, Gallagher Re read the full article →

UK authority clears AJG’s acquisition of Willis Re

The UK government’s Competition and Markets Authority (CMA) said this morning that it has ended its investigation of the pending acquisition of the Willis Re treaty reinsurance business of Willis Towers Watson (WTW) by Arthur J. Gallagher (Gallagher) and cleared the deal to proceed. The Authority said that it will not read the full article →

Covéa buying PartnerRe for $9bn. EXOR taking on reinsurance investments

French mutual insurer Covéa has now agreed and signed a Memorandum of Understanding to acquire Bermuda headquartered global reinsurer PartnerRe from Italian holding company EXOR, at the same $9 billion valuation as had been on the cards in the deal that fell-apart in 2020. EXOR and Covéa have also agreed to read the full article →

PartnerRe subject of new talks between EXOR & Covéa: Report

Bermuda headquartered global reinsurance firm PartnerRe is once again said to be the subject of sale discussions between Italian investment holding company EXOR and French mutual insurer Covéa, according to a report. Italian media is the original source, after the Il Sole 24 Ore newspaper reported this weekend that talks between read the full article →

Occam acquires terrorism MGA Beech Underwriting, with HSCM support

Occam Underwriting, a specialist lines focussed Managing General Agency (MGA), is acquiring terrorism risk focused MGA Beech Underwriting Agencies Ltd., in a move supported by Hudson Structured Capital Management (HSCM). Insurance-linked securities (ILS), insurtech and reinsurance investor Hudson Structured Capital Management Ltd., which enters into its insurance and reinsurance investment business read the full article →

UK competition authority investigates AJG’s acquisition of Willis Re

The UK government's Competition and Markets Authority (CMA) has said today that it is investigating the anticipated acquisition of the Willis Re treaty reinsurance business of Willis Towers Watson (WTW) by Arthur J. Gallagher (Gallagher). This is a Phase 1 investigation, so preliminary it seems, with a deadline of November 29th read the full article →