Mergers and Acquisitions
Artex Risk Solutions will acquire Horseshoe Insurance Services Holdings Ltd. in a move to strengthen its insurance-linked securities (ILS) operations. Artex expects to complete the transaction before the end of the year.
Through its recent acquisition of Global Captive Management, Holmes Murphy has moved into the international space. The companies have a history that dates back 2 decades, according to a release from Holmes Murphy.
Insurance brokerage and risk management firm Risk Strategies has acquired Risk Management Advisors (RMA) to bolster the firm's expertise in captive insurance, self-insurance, and other alternatives to traditional insurance.
While benefiting from limited rate increases in 2018 and 2019, global reinsurance earnings remain under pressure amid continued challenging business conditions, according to S&P, which expects reinsurer mergers and acquisitions to continue during the next few years.
The Malta-based legacy acquirer, DARAG Group Limited (DARAG), has announced a number of transactions so far in July 2019, including US, UK, and Scandinavian deals.