mergers & acquisitions


PartnerRe sale to Covéa called off, as Covid-19 renegotiations fail

The sale of global reinsurance company PartnerRe to French insurance group Covéa has been called off, after attempted renegotiations over the price with seller EXOR in the wake of the Covid-19 pandemic failed to find an agreement. Covéa was set to acquire reinsurance firm PartnerRe from owner EXOR, the Italian holding read the full article →

PartnerRe sale to Covéa agreed at $9bn by Exor

An agreement on the sale of PartnerRe has been reached between EXOR, the Agnelli family owned holding company investor, and French insurance group Covéa. Covea will acquire reinsurance firm PartnerRe for $9 billion, delivering a healthy return on the investment made by Exor, the Italian holding company and investment entity of read the full article →

PartnerRe the subject of $9bn sale talks between Exor & Covéa

PartnerRe, the Bermuda headquartered reinsurance company, is the subject of exclusive talks regarding a potential $9 billion sale between its owner Exor and French insurance group Covéa. Exor, the Italian holding company and investment entity of the Fiat owning Agnelli family, confirmed the exclusive talks were underway yesterday, after media reports read the full article →

Hamilton renames ILS platform, Hanni Ali to lead it

Hamilton Insurance Group, the Bermuda based insurance and reinsurance holding company, has renamed its third-party capital and insurance-linked securities (ILS) platform to Hamilton ILS, naming executive Hanni Ali to lead it. The company launched a third-party capital and ILS arm named Hamilton Capital Partners in mid-2018, as a home for its read the full article →

OMERS pension fund bets on run-off, taking 40% stake in RiverStone

The Ontario Municipal Employees Retirement System (OMERS), one of Canada’s largest pension funds, has again demonstrated its liking for insurance and reinsurance linked returns, by taking a 40% stake in run-off and legacy specialist firm RiverStone UK. The acquisition sees OMERS working closely with Prem Watsa’s Fairfax Financial again, as Fairfax read the full article →

Hamilton ILS expansion complements core underwriting: CEO Pina Albo

Hamilton Insurance Group, the Bermuda based insurance and reinsurance holding company, sees its expanding insurance-linked securities (ILS) and third-party capital capabilities as complementary to its core underwriting strategy, CEO Pina Albo explained to us. Speaking with Artemis in advance of the Monte Carlo Reinsurance Rendezvous 2019, Albo reflected on the expansion read the full article →

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 →