M&A
For RenRe CEO O’Donnell, Acquiring Tokio Millennium Re Is All About Independence
RenaissanceRe's planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer, according to Kevin O'Donnell, president and CEO of RenRe. "The ...
Global Insurance M&A Activity Rose in H1 2018, Fueled By Mega Deals
Global insurance mergers and acquisitions rose to 37 billion euros in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a ...
Buying Instead of Selling, RenRe to Acquire Tokio Millennium Re for $1.5B
Less than two months after one of RenaissanceRe's shareholders urged the Bermuda-based reinsurer to consider putting itself up for sale, the company announced it will buy another reinsurer ...
New Owners But Still ‘Ed’: BGC Partners Buying UK Broker Ed
Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. ...
American Family/Main Street America Merger Finalizes on Oct. 31
Policyholder members at Madison, Wisconsin-based American Family Insurance Mutual Holding Co. have approved the company's merger with Florida's Main Street America Group Mutual Holdings Inc. More ...
Munich Re Closes Acquisition of IoT Startup That Helps Companies Pursue ‘Digital Transformations’
Munich Re has closed its acquisition of relayr, an Internet of Things-related software company in which it had initially invested in 2016. The acquisition, through Munich Re subsidiary Hartford Steam ...
April, the French Insurer, Is Drawing Interest From Potential Suitors
French insurer April SA has drawn takeover interest from private equity firms including CVC Capital Partners, KKR & Co. and BC Partners as it weighs a sale amid a wave of industry consolidation, ...
Liberty Mutual Is Pursuing Strategic Review of Pembroke Managing Agency
Liberty Mutual Insurance announced it is undertaking a strategic review of its London-based Pembroke Managing Agency Ltd., acquired through the lronshore purchase in May of 2017. The company has ...