Allianz builds out Brazil footprint with $738mn SulAmérica deal
Allianz has agreed to acquire auto and other property and casualty operations from Brazilian insurer SulAmérica in a Eur667mn ($738mn) deal.
Atlas looking to transition further business through its MGA
Atlas Financial has identified four strategic activities as value maximizing for stakeholders, and is also evaluating a full sale of the troubled commercial auto insurer or its MGA.
Ryan Specialty Group to acquire The Suitelife
Expansive managing general agency Ryan Specialty Group (RSG) has agreed to acquire the assets and operations of US programme manager The Suitelife (Suitelife).
R&Q provides legacy reinsurance for a Bermuda domiciled captive
London-listed legacy and programme specialist R&Q has issued loss portfolio transfer reinsurance for a US-based airline via its wholly owned A- admitted carrier, Accredited Surety and Casualty Company.
Greenlight Re garners interest for live transaction
Greenlight Re is drawing approaches from potential buyers thought to include Topsail Re and Sirius that are interested in pursuing a live transaction that would keep the hedge fund reinsurer from going into run-off, The Insurer can reveal.
JenCap to buy program platform Aran
Expansive Carlyle-backed wholesale consolidator JenCap Holdings has agreed a deal to buy specialty program administrator Aran Insurance Services Group.
PSC to acquire London market broker Paragon for £42mn
Australian broking house PSC Insurance Group has announced the acquisition of its third Lloyd’s and London market broker with the purchase of Paragon International Holdings for a base consideration of £42.0mn, with the final consideration subject to adjustment based on 2019 and 2020 Ebitda.
Atlas looking to transition further business through its MGA
Atlas Financial has identified four strategic activities as value maximizing for stakeholders, and is also evaluating a full sale of the troubled commercial auto insurer or its MGA.
Ryan Specialty Group to acquire The Suitelife
Expansive managing general agency Ryan Specialty Group (RSG) has agreed to acquire the assets and operations of US programme manager The Suitelife (Suitelife).
R&Q provides legacy reinsurance for a Bermuda domiciled captive
London-listed legacy and programme specialist R&Q has issued loss portfolio transfer reinsurance for a US-based airline via its wholly owned A- admitted carrier, Accredited Surety and Casualty Company.
Ursano appointment signals more deals at Hamilton
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.
Broker M&A – was the $5.6bn JLT deal worth it?
The performance of the big three brokers’ shares since Marsh & McLennan Companies’ £4.3bn ($5.6bn) acquisition of JLT in September begs the clickbait headline question: was the deal worth the hassle?