B2B2C insurtech Roadzen mergers with Vahanna Tech Edge Acquisition
Insurtech Roadzen has plans to become a publicly traded company in the US via merger with Vahanna Tech Edge Acquisition in a blank-check vehicle in a deal valued $965mn
M&A Insurance News
Insurtech io:insure – a digital M&A insurance marketplace for SME launched in the UK
M&A tech and InsurTech firm io.insure, which claims to be the world’s first online mergers and acquisitions (M&A) insurance marketplace for SME transactions
Essent Group purchases the title insurance business Incenter for $100 mn
Essent Group agreed to purchase the title insurance subsidiaries of Finance of America’s Incenter business for $100 mn, the latest company looking to find synergies
MGA Johnson & Johnson acquires assets of Statewide Insurance
Managing general agency Johnson & Johnson announced that it recently acquired the assets of Statewide Insurance Corp as it looks to expand into a number of Southwestern states
M&A insurance market in Middle East is still very active
Regulators seeking further consolidation and international exits or strategic acquisitions will be key drivers.
Gallagher acquires of BCHR Holdings, which does business as Buck, for a $660 mn
Arthur J. Gallagher has agreed to acquire the partnership interests of Buck, a provider of retirement, HR and employee benefits consulting and administration services
Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners
K2 Insurance Services, an independent specialty insurance program manager, announced that private equity firm Warburg Pincus has agreed to acquire
Fitch Ratings make a neutral sector outlook for North American insurers
Fitch Ratings says that it has a neutral sector outlook for North American insurers next year, saying that they will continue to benefit from rising interest rates
Frequency of M&A insurance claims fallens to 16%
Frequency of M&A insurance claims has fallen after the anticipated post-Covid claims surge did not materialise
Insurance M&A activity rebounded, with deal volume up 3%. SF Buyer Index
After a slow start to the year as the insurance industry focused on integrating the record number of transactions which closed at 2021, M&A activity has rebounded
Dai-ichi Life acquires shares of pet insurance provider ipet for $278M
Dai-Ichi Life Holdings has made an offer to acquire shares of pet insurance provider ipet Holdings, with the intention of making it a wholly-owned subsidiary
AXA Spain enteres into negotiations with Groupe des Assurances du Credit Mutuel for the potential M&A
AXA announced that AXA Spain has entered into exclusive negotiations with Groupe des Assurances du Credit Mutuel (“GACM SA”) for the potential acquisition
NN Group sells MetLife asset management business in Poland and Athora Belgium
NN Group announces that it has reached an agreement with Rockbridge to sell the former MetLife asset management business in Poland
Allianz completes M&A a majority stake in insurance business Jubilee Holdings in East Africa
Allianz has announced that it has completed its transaction to acquire a majority stake in Jubilee Holdings Limited’s general insurance business in East Africa
Active year for M&A with large block life insurance and reinsurance deals
2021 was an active year for mergers and acquisitions with large block reinsurance transactions leading to a 41% increase in admitted assets owned by private equity firms
M&A and disposition activity within the US life insurance market will continue
M&A and disposition activity within the US life insurance sector will continue in 2022 and 2023, however, weakening macroeconomic conditions and new regulatory hurdles
U.S. D&O insurance results have improved
U.S. Directors & Officers (D&O) insurance results in the first half of 2022 have improved, though premium growth has stalled
International insurance broker Howden acquires Born Consulting
Founded in 2003, Born Consulting is based in Bern, Switzerland and is an independent insurance broker for national and international intermediaries
MetLife to acquire Affirmative Investment Management, a specialist global ESG
MetLife Investment Management, the institutional asset management business of MetLife, is planning to acquire Affirmative Investment Management
Insurtech Lemonade lais off some Metromile employees after M&A closing
Insurtech Lemonade has laid off some Metromile employees after closing its acquisition of the company. Lemonade said around 20% of Metromile’s team was affected
AON and Mergermarket released the latest edition of Global M&A Risk in Review
AON and Mergermarket, a provider of intelligence, data and analysis of global M&A, released the latest edition of their global M&A Risk in Review
Covéa completes deal to purchase PartnerRe for $9.3 bn
Covéa has completed the acquisition of global reinsurer PartnerRe from EXOR and holding company, for a total cash consideration of $9.3 billion
Arthur J. Gallagher acquires the UK’s broker Devitt Insurance
Arthur J. Gallagher acquired of Romford, Essex-based Devitt Insurance Services Limited (“Devitt”) in the United Kingdom
SEC announced the creation of a task force focused on establishing a comprehensive regulatory framework for crypto assets
Reinsurance renewals for 2025 reflect a shift in market conditions. Property reinsurance rates have softened, though profitability remains strong
U.S. P&C Insurance Market: Continued Growth and Improved Underwriting Through 2026
The aviation industry faced a complex landscape in 2024, shaped by ongoing uncertainty, competitive pressures, and significant incidents