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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 →

RenRe forecast to gain more ILS market share: Analysts

Bermudian reinsurance firm and third-party capital manager RenaissanceRe is forecast to gain market share in insurance-linked securities (ILS) management by the equity analysts at Keefe, Bruyette & Woods.RenaissanceRe (RenRe) is in the process of acquiring Japanese owned reinsurance firm Tokio Millennium Re, a major transaction for the firm and one read the full article →

Miller completes acquisition of ILW broker Alston Gayler (AG)

Miller Insurance Services LLP, the London broker majority owned by Willis Towers Watson (WTW), has completed its acquisition of Lloyd’s accredited and London headquartered insurance and reinsurance broker Alston Gayler (AG).Alston Gayler has a recognised ILW broking practice specialty and experience broking to collateralised reinsurance markets as a result and read the full article →

Ed London’s new CEO to be Draycott. Hearn to lead BGC insurance division

Insurance and reinsurance broker Ed Broking Group is set to have a new Chief Executive Officer for London in Andrew Draycott, once the firm's acquisition by BGC Partners is completed, as current Group CEO Steve Hearn moves up to lead the BGC Partners insurance division.The acquisition of Ed Broking Group read the full article →