Mergers and Acquisitions
Global Insurance M&A Activity Reached a 10-Year High in 2022
Worldwide insurance merger and acquisition (M&A) activity reached a 10-year high in 2022, according to a new report from global law firm Clyde & Co. According to the Clyde & Co report "Uncertainty breeds opportunity," there were 449 completed mergers and acquisitions worldwide in 2022, up from 418 in 2021. Read More
Rating Agency Expects Reinsurance M&A To Remain Limited into 2023
Merger and acquisition (M&A) activity in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change, according to Fitch Ratings. Fitch said it expects reinsurers to prioritize pricing, risk management, and organic growth. Read More
SRS Expands in South Africa with Acquisition of Southern Cross
Independent insurance company manager Strategic Risk Solutions (SRS) has acquired Southern Cross, an insurance management services provider based in South Africa. In addition, Terry Petyt, the founder and CEO of Southern Cross, is joining SRS as managing director and leader of SRS South Africa. Read More
Brickell PC Insurance Holdings To Acquire Randall & Quilter
Randall & Quilter Investments Holdings Ltd. (R&Q) and Brickell PC Insurance Holdings LLC have reached an agreement on a transaction under which Brickell will acquire R&Q for cash in addition to $100 million of new equity funding. The transaction values R&Q's existing issued share capital at £482 million. Read More
Strategic Risk Solutions To Acquire Dyna Management Services
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. Read More