M&A Deal Summary

Cincinnati Acquires MSP Underwriting

On October 12, 2018, Cincinnati acquired insurance company MSP Underwriting from Munich Re for 102M GBP

Acquisition Highlights
  • This is Cincinnati’s 1st transaction in the Insurance sector.
  • This is Cincinnati’s 0th largest (disclosed) transaction.
  • This is Cincinnati’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-10-12
Target MSP Underwriting
Sector Insurance
Buyer(s) Cincinnati
Sellers(s) Munich Re
Deal Type Divestiture
Deal Value 102M GBP

Target

MSP Underwriting

London, United Kingdom
MSP Underwriting Ltd. is a provider of commercial property and aviation insurance services. MSP Underwriting is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Cincinnati

Fairfield, Ohio, United States

website


Category Company
Founded 1950
Sector Insurance
Employees5,166
Revenue 9.6B USD (2021)
DESCRIPTION

Cincinnati is a property casualty insurance company that operates in five segments. These include commercial lines property casualty insurance, personal lines property casualty insurance, excess and surplus lines property casualty insurance, life insurance, and investments. Cincinnati was incorporated in 1950 and is based in Fairfield, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Munich Re

Munich, Germany

website


Category Company
Founded 1880
Sector Insurance
Employees41,389
Revenue 68.5B EUR (2022)
DESCRIPTION

Munich Re is a global reinsurance company based in Germany. ERGO, a Munich Re subsidiary, is the Group’s primary insurance brand. Munich Re was founded in 1880 and is based in Munich, Germany.


DEAL STATS #
Overall 2 of 4
Sector (Insurance) 1 of 2
Type (Divestiture) 2 of 3
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Windsor Health Group

Brentwood, Tennessee, United States

WellCare Health Plans, Inc. provides managed care services targeted to government-sponsored health care programmes, focusing on Medicaid and Medicare. Headquartered in Tampa, Florida, USA, WellCare offers a variety of health plans for families, children, and the aged, blind, and disabled, as well as prescription drug plans.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 T-Solar Global SA

Madrid, Spain

T-Solar Global SA is a generator of solar photovoltaic (PV) power to European clients. T-Solar Global was formed in 2006 and is based in Madrid, Spain.

Sell -