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The Insurance Growth Report said 242 M&A deals took place in H1 of 2022, with a significant drop-off in the second half of the year. -
John Thompson, Graham Kilby, Richard Peers and Russ Nichols will take the top jobs.
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R&Q is selling its 40% minority stake in Tradesman, which it acquired in 2019 following the acquisition of Sandell Re.
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RACQ will cede net reserves of approximately A$360mn (~$247mn), and Enstar will provide around A$200mn (~$130mn) of cover in excess of the ceded reserves.
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Brookfield will continue to operate under its own brand, and CEO Leonard Münz will still lead the business, as part of the transaction.
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The ratings agency has placed under review with developing implications CCR Re’s A financial strength ratings, as well as its credit ratings.
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NIIC has a small amount of legacy business in run-off, which includes property and casualty, marine, and professional liability insurance business.
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The deal regards international and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs.
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The ratings agency has placed under review with developing implications Argo’s A- financial strength ratings, as well as its credit ratings.
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The reinsurer said in its Q4 earnings call that Argo’s takeover further diversifies its operations and adds a foundational piece to its expanding P&C activity in the US.
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Howden Tiger Capital Markets again has a mandate to find a buyer for Bermuda-based JRG Reinsurance Company.
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The international reinsurance unit booked almost EUR1bn in revenue in 2022.
