M&A
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Aventum acquires actuarial consultancy for MGAs
International (re)insurance group Aventum has acquired Mulberry Risk, a consultancy providing actuarial, analytical, exposure and capacity management services to MGAs.…
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Acrisure acquires Spanish firm Summa Insurance Brokerage
Acrisure has entered the Spanish market with the acquisition of Spanish broker Summa Insurance Brokerage. “As we continue to look…
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Howden to buy Assiteca as it continues push into Italy and continental Europe
Howden is buying Italian broker Assiteca for €209m to create what it described as a “new force” in Italy’s broking…
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S&P lowers ratings and outlook on Russian insurers
S&P has lowered its ratings on some of Russia’s leading insurers and put more on a negative credit watch. The…
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Applied Underwriters buys Catlin Specialty Insurance from AXA XL
Applied Underwriters is to acquire Catlin Specialty Insurance Company from AXA XL. The US firm said it would consolidate the…
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EC orders Hungary to withdraw VIG/AEGON acquisition veto
The EC said Hungary was in breach of EU merger rules when it blocked Vienna Insurance Group’s (VIG) acquisition of…
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Mosaic increases global M&A capacity with syndicated partnerships
Several new trade-capital partners have joined Mosaic Insurance’s syndicated capital programme for transactional liability risks, including HDI Global Specialty, Verto…
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Optio Group expands political violence and terrorism capacity
Specialty MGA Optio Group has tripled its line size for political violence and terrorism (PVT) single risks to $150m. It…
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Global insurance M&A activity growing, says Clyde & Co report
Global insurance mergers and acquisitions (M&As) grew in 2021, particularly in Europe and the Americas, and M&A activity is expected…
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Sompo International reports big jump in premiums
Sompo International (SI) has delivered a significant improvement in underwriting performance and revenue growth in its nine-month 2021 numbers. The…
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Allianz buying European Reliance to become top P&C player in Greece
Allianz is buying Greek insurer European Reliance for €207m to become the biggest P&C insurer in the market. The German…
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Liberty Global Transaction Solutions M&A capacity unchanged for 2022
Leading global M&A insurer Liberty Global Transaction Solutions Group (GTS) has announced that its capacity for the 2022 underwriting year…
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MGAs feel capacity squeeze but set to continue UK growth, says AM Best
Managing general agents (MGAs) are likely to continue their trajectory of UK growth delivered during the past ten years despite…
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Aon posts strong revenue growth but profits tumble
Aon posted a strong increase in revenues for the fourth quarter of 2021 and the full year, largely on the…
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Generali first foreign insurer to be majority shareholder in Indian joint ventures
Generali is to become the majority shareholder in both its life and property and casualty (P&C) joint ventures in India.…
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Marsh McLennan records biggest revenue growth in two decades as profits jump sharply
Marsh McLennnan saw underlying revenue increase by 10% in both the fourth quarter and full-year 2021, with net income rising…
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Gallagher cements position in Switzerland with rebrand
International broker Gallagher has announced that its Switzerland-based businesses, Hesse & Partner and Verbag Versicherungsberatungs, will be rebranded as Gallagher from…
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Howden buys Italian broker Tower as its expands further into Italy and Europe
Rapidly expanding Howden has bought specialist Italian broker and risk consulting firm Tower as part of its plans to become…
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Tysers sells UK trade credit book to Xenia
Specialist UK broker Xenia Broking Group has acquired the UK trade credit and surety business of Tysers Insurance Brokers. The…
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Swiss Re Corporate Solutions acquires employer stop-loss specialist MGU
Swiss Re Corporate Solutions (SRCS) has acquired TMS Re, an independent managing general underwriter (MGU) specialising in employer stop loss…