Restoration & Remediation’s Post

DARAG Group, a leading legacy acquirer, has entered into an agreement to acquire a run-off portfolio from wefox Insurance AG. Tom Booth, CEO of DARAG, said, “This transaction is a great way to start 2025, which is our 15th year operating as a run-off consolidator in Europe.” Peter Huber, Chief Insurance Officer of wefox Insurance AG, also commented, saying: “We are pleased to welcome DARAG as the ideal partner for our portfolio. We now are very confident that we will be able to successfully complete the announced sale of wefox Insurance AG in the first half of 2025.” Read the full story here: https://lnkd.in/ewhKrbVp #insurtechinsights #insurance #acquisitions #wefox

NFP, an Aon company, has announced the acquisition of Capstone Strategies, LLC, a property and casualty (P&C) and benefits broker based in Midland, Texas.

Howden Capital Markets & Advisory is pleased to have served as advisors to Velocity and Oaktree in their sale to Ryan Specialty, a leading international specialty insurance firm.    Velocity was founded in North America in 2015 to provide hard to secure coverage for perils such as named storm, earthquake, and tornado and hail for SME businesses.    Jarad Madea, CEO, Howden Capital Markets & Advisory commented: “Congratulations to the Velocity team on the next stage of their impressive growth and to the Oaktree team in a highly successful outcome. This transaction further solidifies HCMA as a market leader in M&A and capital markets transactions relating to MGAs.”   Read a transaction overview here: https://lnkd.in/gN3ptaxY

Ardonagh Group says it is “well placed” for more growth after securing an investment from Stone Point Capital, a US private equity firm with more than $US55 billion ($86 billion) of assets under management. #InsuranceNews #ArdonaghGroup #PrivateEquity #BusinessInvestment #FinancialGrowth #StonePointCapital

Ryan Specialty has agreed to acquire MGU Velocity Risk from current owner, funds managed by Oaktree Capital Management, L.P. for $525 million. The sale price implies significant value creation by Velocity in recent years. The news today also sees insurer FM set to acquire Velocity’s excess and surplus (E&S) lines carrier.

A recent report released by global re/insurance broker WTW has highlighted several factors that are contributing towards the decline in mergers & acquisitions activity, which includes rising interest rates, geopolitical tensions, and ongoing supply chain disruptions.

ARA Group’s strategic acquisitions drive, growth, and Innovation for 2024. Strategic acquisitions are a key driver of ARA Group’s growth, allowing us to enhance our capabilities and broaden our service offerings. In FY2024, we made pivotal moves by acquiring Urban Building Solutions (UBS) and Australian Insurance Builders (AIB), key players in the insurance building repair sector. We also expanded our reach with the acquisition of Advanced Buildings and Restorations, strengthening our presence across multiple states. In addition to these, we’ve bolstered our fire protection capabilities with the acquisition of Australian Fire Supplies (AFS) and Wheeler Industries, while BJ Safety Supplies now supports our operations with high-quality safety products. The addition of Sign On further enhances our portfolio with award-winning signage solutions. Each acquisition aligns with our long-term vision, positioning ARA for continued success across diverse industries. Learn more about our strategic moves and what they mean for the future of ARA Group and read the full article here: https://hubs.li/Q02MZtk90 #StrategicGrowth #Acquisitions #BusinessExpansion #TeamARA

Swiss Re said today that its third-party capital markets focused Alternative Capital Partners (ACP) division is supporting its long-term growth trajectory in natural catastrophe risks.

Helios Underwriting forecasts a reduced reinsurance capacity portfolio for 2025, citing strategic shifts after trading in 2024 auctions and acquisitions https://lnkd.in/dgudgtQA

Lockton’s Transactional Risk Market Update highlights strong demand for warranty and indemnity (W&I) insurance throughout 2023-24, driven by a recovering UK mergers and acquisitions (M&A) market. https://hubs.la/Q02-H_Hm0