M&A
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QBE sells select Irish renewal rights to Ascot
QBE has sold the renewal rights of select Irish casualty commercial insurance portfolios to Ascot, following its decision earlier this…
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AM Best affirms CCR Re’s ratings following majority sale announcement
Credit ratings agency AM Best has held the financial strength rating of CCR Re at A following the announcement that…
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Marsh report highlights sharp rise in R&W insurance claims notifications
Breaches relating to financial statements, tax and compliance disputes in the global mergers and acquisitions (M&A) market are behind a…
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French reinsurer CCR places majority stake in CCR Re up for sale
French state-owned reinsurer CCR said it will sell a majority stake in subsidiary CCR Re worth €200m by July 2023.…
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Howden continues French expansion with Théorème acquisition
Howden is set to buy French corporate insurance broker Théorème for an undisclosed fee as it continues expansion in France…
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Korean office for Lloyd’s broker Ramon International through acquisition
Lloyd’s broker Ramon International has opened an office in Korea through the acquisition of a majority stake in Seoul-based insurer…
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US insurer Westfield acquires Lloyd’s Syndicate 1200 from Argo
US property and casualty insurer Westfield is expanding into international specialty insurance business with the purchase of Lloyd’s Syndicate 1200…
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Sedgwick buys Danish firm Leif Hansen
Sedgwick has taken full ownership of Danish loss adjuster Leif Hansen after previously holding a minority stake in the firm.…
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Howden Re and Tiger Risk form leading MGA Howden Tiger SabRE
The largest managing general agent (MGA)/programme broking group globally is to be formed through Howden Group’s acquisition of TigerRisk, which…
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MRH Trowe expands in northern Germany with afm acquisition
German commercial lines broker MRH Trowe has bought a majority stake in industrial lines intermediary afm to expand its offering…
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Paragon buys entertainment and sports MGA
Managing general agent (MGA) Paragon Insurance has acquired US entertainment and sport MGA Reel Media. As first reported in our…
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French risk managers face further rate pressure as cat claims bite
French non-life insurers face natural catastrophe losses on an “unprecedented scale” this year, exacerbating the pressure on profitability from claims…
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Sompo International sells runoff Lloyd’s business to RiverStone
Sompo International has sold its Endurance at Lloyd’s runoff business to RiverStone for an undisclosed fee as it effectively becomes…
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Generali completes acquisition of AXA-Affin joint ventures in Malaysia
Generali has completed its acquisition of the majority stakes in the AXA-Affin joint ventures in Malaysia. Generali has acquired a…
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Compre continues European growth with acquisition of medical malpractice portfolio in France
Bermuda’s Compre has acquired a French medical malpractice (medmal) portfolio in a further bid to build out its medmal expertise…
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R&Q Insurance says Randall return would be ‘backwards step’ in shareholder row
R&Q Insurance Holdings has scheduled a special general meeting for September as it called on shareholders to vote against a…
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Hong Kong insurance market seeing renewed acquisition interest says PwC
Opportunities abound in the Hong Kong insurance market with increasing deal appetite from buyers and sellers, according to PwC. In…
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Global insurance M&A up 9.5% in H1 but dips in Europe
The number of global insurance mergers and acquisitions (M&A) rose 9.5% in the first half of this year compared to…
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Ocean International Re acquires London’s Oceva Risk Solutions and targets European expansion
Barbados-based reinsurer Ocean International Reinsurance has acquired London-based Oceva Risk Solutions as part of the company’s plans to expand internationally.…
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Coalition acquires US admitted insurer from Munich Re
Coalition, a managing general agent specialising in cyber risk, has completed its acquisition of US firm Digital Affect Insurance from…
