Mergers and Acquisitions News

Tier 1 Reinsurers More Resilient than Smaller Firms in Current Market: Fitch

Major tier 1 reinsurers stand to benefit most from a changing reinsurance market and mounting competitive pressures, while small mono-line companies will be the hardest-hit, according to a reinsurance report published by Fitch. Reported financial results confirm that major Tier …

DUAL M&A Liability Team Open for Business in Frankfurt and London

DUAL, the underwriting arm of the Hyperion Insurance Group, announced that its Frankfurt and London-based M&A Liability team is open for business. Niki Demirbilek joins as global head of M&A Insurance, supported by up to EUR/USD 50 million of A-rated …

MedPro Group Finalizes Acquisition of Oklahoma-Based PLICO

MedPro Group (MedPro), a Berkshire Hathaway subsidiary, has its completed its acquisition of healthcare liability insurer PLICO Inc. (PLICO) from the Oklahoma State Medical Association (OSMA). The transaction process — from signing to closing — took less than 60 days, the …

A.M. Best: Reinsurance Sector Faces New Reality Shaped by Abundant Capacity

The reinsurance market is operating in a new reality of abundant capacity from traditional and alternative sources, low interest rates and thinner reinsurance margins, driven by intense competition against shrinking demand for reinsurance cover, according to A.M. Best’s annual special …

A.J. Renner & Associates Acquired by RT Specialty

R-T Specialty LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group LLC, has acquired A.J. Renner & Associates, an Illinois-based wholesale insurance broker specializing in the life science arena. Following the close of the transaction, the core of the …

Arthur J. Gallagher Acquires Missouri Program Administrator

International insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired program administrator, National Administration Co., based in Chesterfield, Mo. Terms of the transaction were not disclosed. Founded in 1987, National Administration Co. (NAC) is a national …

S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model

Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor’s said in a new report. The ratings firm said that the Berkshire Hathaways of the world – investment holding companies seeking to enter the insurance …

AssuredPartners Acquires Insurance & Benefits Group in Missouri

AssuredPartners Inc. has acquired Insurance & Benefits Group LLC (IBG), headquartered in Sedalia, Mo. IBG’s 31 employees will continue to operate from its three Missouri locations — Sedalia, Lee’s Summit and Warrensburg — under the local leadership of IBG President …

UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report

The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by London-based business intelligence company, Timetric. …

Integro Acquires Entertainment Risk Management, London-Based MGA

The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice.  Financial details of the transaction have not been disclosed. ERM primarily serves brokers …