Mergers and Acquisitions
Strategic Risk Solutions (SRS) has reached an agreement to acquire Bermuda-based Dyna Management Services Ltd., an independently owned insurance management company. All members of Dyna's staff will remain with the firm, including Terence Power, the current CEO, president, and founder of Dyna who will join the board of SRS International.
Risk Strategies, a major brokerage and risk management company, has acquired Atlas Insurance Management, a large and well-known captive insurance manager. With the acquisition of Atlas, Risk Strategies says it will be involved with more than 1,000 captive insurance programs.
The volume of mergers and acquisitions (M&A) in the insurance sector increased 10 percent in 2019 with 419 deals completed worldwide, up from 382 in 2018.
Runoff specialist Randall & Quilter recently acquired the Montana captive insurer Vigneron Insurance Company, Inc.
The global mergers and acquisitions (M&A) market is forecast to struggle to add value in 2020, according to Willis Towers Watson.
In an effort to strengthen its insurance-linked securities (ILS) operations, Artex Risk Solutions has purchased Horseshoe Insurance Services Holdings Ltd.