mergers & acquisitions

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.