Insurance M&A: Experience

Recent general insurance / reinsurance M&A experience

  • Riverstone on the acquisition of Catalina Insurance.
  • Liberty Mutual on the Irish aspects of the sale of its West European Markets general insurance business to Generali for €2.3bn in 2023.
  • Liberty Mutual on the Irish aspects of its acquisition of AmTrust's global surety business.
  • Zurich Life on the sale of a portfolio of investment policies to Monument Life Insurance DAC.
  • Zurich Insurance plc on the sale of a portfolio of German architects and engineers' professional indemnity policies to DARAG Deutsche Versicherungs-und Rückversicherungs AG.
  • DAS Group on all Irish aspects of the sale of all the business and assets of its Irish branch to the Irish branch of ARAG Allgemeine Versicherungs-AG.
  • China Re on its acquisition of Chaucer Insurance.
  • GE on the disposal of its captive insurer Electric Insurance Ireland DAC to R&Q.
  • Achmea on the sale of Friends First to Aviva.
  • Aegon on the sale of Aegon Ireland to Athora.
  • Banco BPM and Cattolica on the acquisition by Cattolica of a majority stake in Vera Financial.
  • LCCG / Oaktree on its acquisition of Generali Pan Europe.
  • XL Group on its $4.2bn acquisition of Catlin Group.
  • UBS on the sale of UBS International Life (now Octium International Life) to the Havilland Group.
  • Aviva and AIB on the sale of Aviva Health to Irish Life.

Recent insurance distribution M&A experience

  • AIG/Corebridge on the sale of Laya Healthcare.
  • Arthur J. Gallagher on its acquisition of First Ireland Risk Management.
  • Arthur J. Gallagher on its entry into the Irish market via the acquisition of Innovu Insurance.
  • Agria on the acquisition of Capstone Financial Services Limited trading as Petinsure.ie.
  • Livingbridge on its acquisition of a majority stake in Chill Insurance.
  • Ardonagh Group on its acquisition of Arachas Corporate Brokers.
  • Cardinal Carlyle on its acquisition of AA Ireland and on its later subsequent disposal of AA Ireland to Further Global.
  • AIG on its acquisition of Laya Insurance.
  • Zurich on its acquisition of Blue Insurance.
  • Prestige Insurance on its acquisition of Autoline in Northern Ireland.