M&A
-
Howden grows in Luxembourg with two acquisitions
Howden has established a retail presence in Luxembourg with the acquisition of the portfolio of United Brokers, and has also…
-
Allianz acquires Italy’s Tua from Generali to cement market position
Germany’s Allianz has further strengthened its presence in Italy by agreeing to acquire P&C carrier Tua Assicurazioni, formerly part of…
-
European insurance M&A surge boosted by broker consolidation
Merger and acquisition (M&A) activity in the European insurance sector increased 22% in H1 2023, according to FTI Consulting, with…
-
R&Q confirms talks to sell Accredited
R&Q Insurance Holdings (R&Q) has confirmed that it is in talks to sell its programme management business Accredited. Following press…
-
Brown & Brown unit agrees to buy London-based MGA
Brown & Brown Europe, part of US broker Brown & Brown, has agreed to acquire Occam Underwriting, a London-based managing…
-
Howden acquires Apex Insurance New Zealand
Howden has completed the acquisition of Apex Insurance New Zealand and its associated subsidiaries. Howden said the acquisition strengthens its…
-
RSA to acquire Direct Line commercial book
UK insurer RSA and its parent Intact Financial Corporation have agreed to acquire the brokered commercial lines business of Direct…
-
RenRe gets green light from EC to buy AIG’s Validus Re
RenaissanceRe has received regulatory approval from the European Commission to acquire Validus Re from AIG. The EC cleared the deal,…
-
Lufthansa reportedly selling insurance units
German airline Lufthansa is reportedly looking to sell its insurance operations, including broker Albatros and insurer Delvag. According to a…
-
BMS Group appoints head of Japan
Tim Hewitt has been appointed as head of BMS in Japan, focusing on insurance solutions for complex mergers and acquisitions…
-
World Insurance raises $1bn from Goldman Sachs
Funds managed by Goldman Sachs Asset Management will invest more than $1bn in debt and equity in World Insurance Associates,…
-
Marsh to buy Australia and New Zealand broker Honan Insurance
Marsh is buying Honan Insurance that offers corporate risk, employee benefits and strata and real estate solutions across Australia, New…
-
Scor P&C revenue jumps 8% in Q2 after renewals boost
Scor’s P&C revenue rose 8% in the second quarter of 2023 to €1.87bn driven by specialty business, up 18%, which…
-
Private-equity investors see growing opportunity in insurance
Bain Capital’s launch of a private-equity fund targeting the European and North American insurance market reflects continued investor interest in…
-
Big increase in transactional risk claims notifications in 2022
There has been a substantial 25% increase in global claim notifications on transactional risk policies in 2022 but the expected…
-
AIG and AXA consider UK divestments: report
AIG and AXA are reviewing the future of their UK operations, reported Bloomberg following tip offs from unnamed sources. Bloomberg…
-
Howden buys Swiss aviation broker Hudson Sky
Howden has bought Swiss aviation broker Hudson Sky International for an undisclosed fee. Howden said the move is part of…
-
QBE ups cat budget after heavy losses and expects 10% price rises
QBE expects to achieve average rates increases of about 10% across its book this year but has increased its full…
-
BMS Re buys Brazilian broker KNW
BMS Re, the specialty reinsurance unit of UK-based BMS, has acquired Brazilian reinsurance intermediary KNW Brokers Corretora de Resseguros (KNW),…
-
Aon expects UK D&O market to continue softening as rates fall by up to 45%
UK D&O insurance buyers continue to enjoy improving market conditions, with rates falling between 10% and 45%, capacity restrictions lifting…