Assured Guaranty Acquires Warwick Re Limited to Launch Assured Life Reinsurance Ltd.

Reinsurance Group of America Acquires Hodge Life Assurance Company Limited

February 4, 2021

Insurance

Reinsurance Group of America, Incorporated (RGA) has agreed to acquire 100% of the share capital of Hodge Life Assurance Company Limited (HLAC) from Hodge Limited. HLAC, a PRA-authorised UK life insurer with approximately £570 million of annuity liabilities, will cease writing new business effective February 19, 2021; the deal is subject to regulatory approval.

Arthur J. Gallagher & Co. Acquires Lifesure Group Limited

September 5, 2023

Financial Services

Arthur J. Gallagher & Co. (Gallagher) has acquired UK-based Lifesure Group Limited, a specialist personal lines insurance broker serving the leisure and holiday market; terms were not disclosed. The deal also includes Lifesure's affiliated Barnes Commercial business and brings Paul Reid and his team into Gallagher's UK & Ireland Retail division to bolster niche personal lines capabilities.

Aquarian Holdings Acquires Controlling Interest in Somerset Reinsurance Ltd.

January 10, 2023

Insurance

Aquarian Holdings has closed the acquisition of a controlling interest in Bermuda-domiciled Somerset Reinsurance Ltd., a reinsurer focused on the U.S. life insurance and annuity market. Aquarian will provide substantial immediate and committed capital and, through Aquarian Investments, serve as asset manager to support Somerset Re's growth while existing investors Hannover Re and Weiss Family Interests retain ownership stakes and remain involved.

Arthur J. Gallagher & Co. (Gallagher Re) Acquires MGB Re

January 16, 2024

Insurance

Arthur J. Gallagher & Co., through its reinsurance division Gallagher Re, has acquired Toronto-based MGB Re. The acquisition will expand Gallagher Re's medical reinsurance capabilities and bring MGB's leadership team into Gallagher Re's North America operations; terms were not disclosed.

Arthur J. Gallagher / Gallagher Re Acquires Bay Risk Services Limited

March 6, 2023

Insurance

Arthur J. Gallagher & Co., through its reinsurance division Gallagher Re, has acquired the business and assets of UK-based Lloyd’s broker Bay Risk Services Limited, a member of the Optio Group. Bay Risk, founded in 2016 and specializing in structuring and placing delegated underwriting authority (binder) business for program managers, MGAs and Lloyd’s coverholders, will join Gallagher Re’s global programs practice; the existing Bay Risk leadership team will remain in place. Terms were not disclosed.

Arthur J. Gallagher & Co. Acquires AssuredPartners for $13.45B

December 9, 2024

Insurance

Arthur J. Gallagher & Co. agreed to acquire AssuredPartners in a $13.45 billion all-cash transaction, buying stakes held by private equity investors. AssuredPartners is a large insurance brokerage with c.10,900 colleagues and ~400 offices across the U.S., the United Kingdom and Ireland; the deal expands Gallagher's brokerage scale and capabilities and is subject to customary regulatory approvals.