Subject: M&A Page 22 / 69
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- December 6 2021
WTW acquires aviation broker Aerosure
The company was established in 2009 following a restructuring of Willis’s Pacific aerospace business.
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- December 3 2021
Hong Kong’s Bank of East Asia eyes Blue Cross sale — report
A potential transaction could be worth as much as US$400m for the general insurer.
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- December 1 2021
Gallagher closes Willis Re deal
The US$3.25bn acquisition will give the US broker a significantly expanded APAC reinsurance footprint.
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- December 1 2021
Howden acquires specialty HK broker Expat Marine
The firm is also a Lloyd’s coverholder and focuses on fine art, yachts and pleasure craft protection.
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- November 29 2021
Mitsui takes majority control of Pana Harrison (Asia)
The Singapore-based (re)insurance broker will change its name to Mitsui Bussan Pana Harrison.
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- November 29 2021
Record broker M&A in 2021 will be tough to beat
The Gallagher/Willis Re deal won’t be the end of the consolidation but favourable conditions are ending.
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- November 26 2021
QBE linked to Zurich’s Australia GI operation – report
A report in The Australian suggests any deal could be worth around US$350m.
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- November 24 2021
UK competition authority approves Gallagher/Willis Re deal
The US$3.25bn sale received phase 1 approval from the London-based antitrust watchdog.
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- November 12 2021
HDI Global Specialty focuses on growth after Hannover Re deal
The specialty player has seen premiums grow from around US$1.1bn to US$2.9bn since 2018.
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- November 11 2021
India attracts global broking giants
Aon, Gallagher and WTW are securing full control of their JVs in a fast growing market.
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- November 9 2021
McLardy McShane takes 30% stake in Perth’s Apollo Risk
The fast-growing Australian broking group recently closed a deal to also purchase Sydney Insurance Brokers.
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- November 8 2021
Thirst for scale driving broker consolidation
M&A activity among (re)insurance brokers grew by 13% during H1 — led by Gallagher and Ardonagh.
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- November 4 2021
AMP’s US$391m Resolution Life Australasia stake sale sees life exit
The deal represents a continuing movement away from insurance by Australia's banks.
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- November 2 2021
Shinhan Financial buys Korea’s BNP Paribas Cardif GI
The move would give Shinhan a full general insurance license.
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- November 2 2021
Honan acquires boutique broker Modern Risk Solutions
The specialist firm services the emerging tech and life science spaces.
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- November 2 2021
WTW to acquire 100% ownership of India JV
An additional 51% stake will be acquired from privately held Anemone Holdings and the broker's India head Rohit Jain.
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- October 29 2021
Covéa and Exor agree PartnerRe sale for US$9bn
A proposed deal collapsed last year amid the outbreak of the Covid-19 pandemic.
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- October 25 2021
Exor and Covéa restart talks over PartnerRe sale—report
Talks over a sale are reported to have resumed after a proposed US$9bn deal collapsed last year amid the outbreak of the pandemic.
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- October 22 2021
McLardy McShane seals deal for Sydney Insurance Brokers
The purchase creates a new entity — McLardy McShane Dimou — with Dora Dimou joining from a local rival.
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- October 21 2021
BMS expands into Korea with broker buy
The specialist broker has bought M&A and financial lines firm VIB as part of its Asia expansion plans.
