M&A
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August 23, 2023
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…
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August 23, 2023
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,…
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August 21, 2023
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…
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July 27, 2023
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…
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July 27, 2023
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…
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July 26, 2023
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…
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July 24, 2023
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…
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July 24, 2023
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…
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July 24, 2023
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…
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July 18, 2023
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),…
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July 17, 2023
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…
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July 17, 2023
Verlingue takes majority stake in Italian broker amid European expansion
Verlingue has bought a majority stake in Italian commercial intermediary Inser as it continues plans to create an independent, family-owned…
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July 13, 2023
Nexus acquires US cyber MGA Evolve
Nexus Underwriting has bought US cyber MGA Evolve Cyber Insurance Services. Evolve operates out of offices in California, New York…
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July 13, 2023
AXA buys GACM España for €310m
AXA has competed its €310m acquisition of Spanish P&C and health insurer Groupe Assurances du Crédit Mutuel España (GACM España).…
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July 12, 2023
AXA in talks to sell P&C reinsurance arm and reduce nat cat exposure: Reuters
AXA is considering selling its P&C reinsurance business to reduce exposure to nat cat risk, according to Reuters. The news…
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July 6, 2023
Pen acquires Norwegian marine MGA Fender
Pen Underwriting has acquired fellow MGA Fender Marine in Norway for an undisclosed fee. Pen said the move is part…
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July 6, 2023
Howden buys UK entertainment broker MIB
Howden has bought UK and Irish television broker Media Insurance Brokers (MIB) International as part of plans to become the…
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July 5, 2023
New owners boost CCR Re capital by €200m
French reinsurer CCR Re has received a capital injection of €200m on completing a sale to French mutuals SMABTP and…
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July 4, 2023
BMS Group acquires Australian broker Bluebook
BMS Group is set to acquire Brisbane-based specialty broker Bluebook Insurance Brokers. The broker said the deal is the sixth…
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June 26, 2023
US cyber prices rise 8.4% in Q1: AM Best
US cyber premium pricing increased 8.4% in 2023’s first quarter, says a report from AM Best. It also finds that…