mergers & acquisitions

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 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 Re.

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.

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.

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.

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.

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.

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).

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).

In commenting on the news that Arthur J. Gallagher (Gallagher) has agreed to acquire the majority of reinsurance broker Willis Re, analysts at KBW highlighted the immediately profitable additions of specialist service units covering analytics and insurance-linked securities (ILS).