M&A

With most M&A activity from 2020 pushed into 2021, capacity for M&A insurance began to dry up in around October, resulting in hard market conditions.

This year deals will continue to increase but ESG, inflation and supply chain issues bring complexity.

Brockwell currently writes approximately $40mn in gross written premium, which will provide a significant uplift to Optio’s existing $25mn warranty and indemnity premium base.

With this deal, Corvus said it becomes the first cyber InsurTech to acquire a London underwriting platform.

CEO David Austin will return the business to its former name, Visionary Underwriting Agency.

The transaction marks the legacy carrier’s first acquisition in Continental Europe.

The broker generates around EUR75mn in revenues and has a presence throughout the Portuguese-speaking world and Europe.

The broker has acquired the share previously owned by the Rampart Trust.

Ratings were reaffirmed for the Bermuda-based target company PartnerRe.

BP Marsh has had a return on equity eight times higher than when it first invested in Walsingham Motor Insurance Limited.

New capital made its presence felt in the market in a year that saw both the completion and collapse of major business combinations.

The transaction is expected to close during H1 2022 and reflects Argo’s strategic refocus on US specialty.