ReAssure and Swiss Re

Swiss Re to sell ReAssure to Phoenix Group in £3.25bn deal

2019-12-06T08:12:00+00:00

Swiss Re has agreed a deal to sell its majority stake in UK closed life business ReAssure to consolidator Phoenix Group Holdings in a deal which values the unit at £3.25bn ($4.27bn).

Swiss Re

KBW upbeat on Swiss Re’s ReAssure deal

2019-12-06T10:52:00+00:00

Swiss Re’s deal to sell its majority stake in UK closed life business ReAssure to consolidator Phoenix Group Holdings - values the unit at £3.25bn ($4.27bn) – has been broadly welcomed by analysts at Keefe, Bruyette & Woods (KBW).

Peter Blanc – Aston lark

Aston Lark acquires Wright Insurance Brokers

2019-12-05T14:29:00+00:00

Goldman Sachs-backed Aston Lark has acquired Irish commercial broker Wright Insurance Brokers.

Henry Glasse – Starstone

Vibe specialty head Glasse departs for StarStone

2019-12-04T12:59:00+00:00

StarStone has appointed former Vibe Syndicate Management’s specialty risk solutions class underwriter Henry Glasse as specialty underwriter, The Insurer can reveal.

Pat Gallagher

Gallagher acquires Brown & Brown Pacific Northwest marine unit

2019-12-04T09:36:00+00:00

Arthur J Gallagher has completed a deal to hire the Pacific Northwest marine broking team and book of business of Washington-based Brown & Brown.

RenaissanceRe, TigerRisk and Morgan Stanley

RenRe engages TigerRisk and Morgan Stanley to sell UK legacy book

2019-12-03T15:50:00+00:00

RenaissanceRe has appointed TigerRisk and Morgan Stanley to find a buyer for its £396mn ($514.6mn) UK legacy book which the (re)insurer inherited through its $1.5bn acquisition of Bermudian neighbour Tokio Millennium Re.

Barbican Project and Burns & Wilcox

Kaufman to acquire Lloyd’s carrier Barbican’s UK MGA

2019-11-25T20:34:00+00:00

HW Kaufman Group, the US intermediary that owns wholesaler Burns & Wilcox, is poised to acquire a UK MGA owned by Barbican once the Lloyd’s insurer’s sale to Bermudian Arch Capital completes.

Grahame Chilton - Capsicum Re

Clock ticking for Gallagher to trigger Capsicum Re buyout option

2019-11-22T12:38:00+00:00

Time is running out for AJ Gallagher (AJG) to call in its option to acquire the 80 percent it doesn’t currently own in the London market reinsurance intermediary Capsicum Re.

Mike Bruce

GRP acquires Gauntlet Insurance Services

2019-11-18T09:23:00+00:00

UK broker consolidator Global Risk Partners (GRP) has acquired London-based private client broker Gauntlet Insurance Services.

Pat Gallagher

Gallagher acquires Brown & Brown Pacific Northwest marine unit

2019-12-04T09:36:00+00:00

Arthur J Gallagher has completed a deal to hire the Pacific Northwest marine broking team and book of business of Washington-based Brown & Brown.

RenaissanceRe, TigerRisk and Morgan Stanley

RenRe engages TigerRisk and Morgan Stanley to sell UK legacy book

2019-12-03T15:50:00+00:00

RenaissanceRe has appointed TigerRisk and Morgan Stanley to find a buyer for its £396mn ($514.6mn) UK legacy book which the (re)insurer inherited through its $1.5bn acquisition of Bermudian neighbour Tokio Millennium Re.

FedNat and 1347 property Insurance Holdings

1347 PIH considers options after FedNat closes Maison acquisition

2019-12-03T14:58:00+00:00

FedNat Holding Company has completed the $51mn acquisition of the homeowners insurance operations of 1347 Property Insurance Holdings (1347 PIH), with the seller transforming into a holding company of reinsurance and investment management businesses.

Lloyd's building

Pioneer becomes fourth full syndicate to close since Hancock warning

2019-11-14T19:27:00+00:00

Pioneer Syndicate 1980 has become the fourth full syndicate to close following a Lloyd’s market meeting in May 2018 when the Society’s head of underwriting Jon Hancock launched remedial action to turn around the performance of the market and warned that a tougher regime would lead to syndicate closures.

Mark Watson and Ed Noonan

Argo: Just a coincidence?

2019-11-06T16:40:00+00:00

The timing of the Watson and Noonan departures may not have any significance but the Argo vacancy could be attractive for a seasoned executive looking for a platform in a fast-improving market dynamic…

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