M&A news

  • Tony Ursano – NYIF 2019
    News

    The Insurer comment: Ursano appointment signals more deals at Hamilton

    2019-08-20T21:22:00Z

    Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M A after its transformative Pembroke and Ironshore Europe transaction. ...

  • Merger and acquisition
    News

    Midsize and ILS deals to fuel reinsurance M&A

    2019-08-16T21:06:00Z

    An S P report predicts reinsurance M A will pick up in the next two years with acquisitions similar to the recent deals for XL and Nephila, but the ratings agency suggests the benefits of such transactions is not always clear.

  • intact-financial
    News

    Intact buys specialty insurer and MGU from Princeton Holdings for C$1bn

    2019-08-15T21:02:00Z

    Intact Financial has agreed to pay C$1bn ($750mn) to acquire Canadian specialty lines insurer The Guarantee Company of North America and managing general agent Frank Cowan from Princeton Holdings.

  • Arch
    News

    Arch confirms Ventus deal as Reeth retirement announced

    2019-08-14T21:58:00Z

    In a move first revealed by The Insurer , Arch Insurance North America has confirmed a deal to buy specialty property MGU Ventus Risk Management that will allow it to add third party capital alongside its own product offerings.

  • Fed Nat – lawsuit
    News

    FedNat receives Maison acquisition approval

    2019-08-14T16:36:00Z

    FedNat has received regulatory approvals from Florida and Louisiana for its $51mn Maison acquisition, with the Florida insurer separately tweaking its 2019-2020 reinsurance programme. 

  • Mechanic Group
    News

    Specialty Program Group buys The Mechanic Group

    2019-08-12T22:33:00Z

    Hub International’s expansive program underwriting platform has added another MGA to its stable with a deal to buy security insurance specialist The Mechanic Group (TMG).

  • Brown & Brown
    News

    Brown & Brown buys WBR Insurance

    2019-08-09T12:26:00Z

    US broker Brown Brown has acquired Virginia-based insurance agent WBR Insurance and all of its subsidiary brands – Wilson Insurance Agency, Bell Insurance Agency Corporation and Robertson Insurance Agency.

  • Shephard EMC
    News

    EMCI sets 18 September buyout vote and reveals Q2 operating loss

    2019-08-08T22:00:00Z

    EMC Insurance Group (EMCI) has revealed the date for shareholders to vote on the revised buyout offer from majority owner Employers Mutual Casualty Company (EMCC) at the same time as announcing a second quarter operating loss.

  • Topa and Altamont
    News

    PE firm Altamont signs deal to buy Cali carrier Topa

    2019-08-07T15:10:00Z

    Private equity firm Altamont has signed its deal to buy Californian carrier Topa Insurance Group, in a move first revealed by The Insurer .

  • B3i and IRB Brazil
    News

    IRB Brasil Re plans to acquire 8.93% of B3i

    2019-08-07T14:28:00Z

    Brazilian reinsurer IRB Brasil Re intends to take an 8.93 percent stake in industry blockchain initiative B3i for a value of Eur3.5mn ($3.9mn), as it looks to appoint a representative to the insurtech’s 9-strong board of directors.