Martin Reith – Neon

Neon to stay under AFG ownership as sales process pulled

2019-06-25T17:08:00+01:00

The process to find a new strategic investor for Neon has been pulled after a recent proposed transaction – thought to involve PE firm Madison Dearborn – was seen as not sufficiently valuing the Lloyd’s insurer.

Gallagher rugby ball

Gallagher takes minority stake in Czech broker Renomia

2019-06-25T14:46:00+01:00

Gallagher has purchased a minority stake in Czech-domiciled insurance broker Renomia for an undisclosed sum.

Anthony P. Campisi – Glatfelter Insurance Group, AIG and Munich Re

Glatfelter to transfer $450mn book to AIG paper by 1.1

2019-06-24T15:22:00+01:00

Program manager Glatfelter is in the process of transitioning the portfolio of business it currently writes on Munich Re paper to the balance sheet of its new owner AIG by 1 January 2020, The Insurer can reveal.

Waller Helms Advisors

Insurance M&A specialist Waller Helms buys StoneRidge Advisors

2019-06-24T21:32:00+01:00

Insurance-focused investment bank Waller Helms Advisors (WHA) has acquired boutique firm StoneRidge Advisors in a move it says will meaningfully enhance its platform and ability to deliver market-leading results for clients.

Allianz and Santander

Allianz sells Spanish distribution rights to Santander for Eur936mn

2019-06-24T07:43:00+01:00

Allianz and Banco Santander have entered an agreement for the German insurance giant to end its participation in Allianz Popular – its life insurance, pensions, asset management, and non-life insurance in business Spain for Eur936.5mn ($1.07bn).

Rio de janeiro

Terra Brasis Re and Austral Re to form Brazil’s second-largest reinsurer

2019-06-17T16:29:00+01:00

After almost a year of negotiations, Brazilian reinsurer Austral Resseguradora SA will acquire Terra Brasis Resseguros SA which, upon completion, will create the second-largest reinsurer in Brazil.

Martin Reith – Neon

Neon to stay under AFG ownership as sales process pulled

2019-06-25T17:08:00+01:00

The process to find a new strategic investor for Neon has been pulled after a recent proposed transaction – thought to involve PE firm Madison Dearborn – was seen as not sufficiently valuing the Lloyd’s insurer.

Sompo & Samsung

Samsung to take “strategic stake” in top-five Lloyd’s insurer Canopius

2019-05-03T08:56:00+01:00

Korean insurer Samsung Fire & Marine Insurance (SFMI) has taken a strategic stake in top five Lloyd’s carrier Canopius and said it is a major step in its international ambitions.

RFIB for sale sign

BGC Partners pulls out of RFIB sale process

2019-05-02T23:45:00+01:00

BGC Partners has pulled out of the sale process for RFIB Insurance Brokers, The Insurer can reveal. In late March, this publication revealed that BGC Partners and AmWINS were frontrunners in the Calera Capital-run process.

Anthony P. Campisi – Glatfelter Insurance Group, AIG and Munich Re

Glatfelter to transfer $450mn book to AIG paper by 1.1

2019-06-24T15:22:00+01:00

Program manager Glatfelter is in the process of transitioning the portfolio of business it currently writes on Munich Re paper to the balance sheet of its new owner AIG by 1 January 2020, The Insurer can reveal.

Waller Helms Advisors

Insurance M&A specialist Waller Helms buys StoneRidge Advisors

2019-06-24T21:32:00+01:00

Insurance-focused investment bank Waller Helms Advisors (WHA) has acquired boutique firm StoneRidge Advisors in a move it says will meaningfully enhance its platform and ability to deliver market-leading results for clients.

Rio de janeiro

Terra Brasis Re and Austral Re to form Brazil’s second-largest reinsurer

2019-06-17T16:29:00+01:00

After almost a year of negotiations, Brazilian reinsurer Austral Resseguradora SA will acquire Terra Brasis Resseguros SA which, upon completion, will create the second-largest reinsurer in Brazil.

Pensions

A brief history of Canadian pension funds’ love of insurance

2019-05-21T18:07:00+01:00

Canadian pension funds in recent years have made large direct investments in insurance players like Ascot, Allied World, AmWINS and USI. The signs are that investment activity may increase this year.

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