Hashtag: #BusinessMergers
Opera Group Announces Proposed Acquisition
Opera Group Limited has announced its proposed acquisition of Bermuda-based Meritus Trust Company Limited. A spokesperson said, “Opera Group Limited, a privately held group of private client, corporate and fund administration businesses, is pleased to announce the proposed acquisition of Meritus Trust Company Limited based in Bermuda. The transaction... Read more of this article
Starr Announces Acquisition Of IQUW Group
Starr, a global investment and insurance organization, announced that it has entered into a definitive agreement to acquire IQUW Group. A spokesperson said, “The acquisition of IQUW Group will expand the classes of business that Starr underwrites and will position the combined company for growth across a broader range of global market segments. As... Read more of this article
Sompo To Acquire Aspen For $3.5 Billion
A wholly owned subsidiary of Sompo International Holdings Ltd. has entered into an agreement pursuant to acquire Aspen Insurance Holdings for approximately $3.5 billion. A spokesperson said, “Sompo Holdings, Inc. announced today that a wholly owned subsidiary of Sompo International Holdings Ltd. [“SIH”], has entered into a definitive merger... Read more of this article
Maiden Shareholders Approve Kestrel Merger
Maiden Holdings shareholders have approved all proposals for the company’s planned merger with Kestrel Group, with the deal expected to close in Q2 2025 pending regulatory approvals. A spokesperson said, “Maiden Holdings, Ltd. announced that, at the special general meeting of Maiden shareholders held today, all proposals related to Maiden’s... Read more of this article
Compre Completes CSE Group Acquisition
Compre Group has completed its acquisition of the CSE Group. A spokesperson said, “Compre Group Holdings Limited [Compre], the Bermuda-domiciled global specialty reinsurance group, today announces the completion of its acquisition of the CSE Group, a US subsidiary of Covéa. “The CSE Group includes two California-domiciled personal lines... Read more of this article
The Loren Group Acquires Elbow Beach Hotel
The Loren Group has announced its acquisition of the Elbow Beach Hotel, saying their ”vision is to rejuvenate this esteemed property, blending its storied past with The Loren’s signature style to create an unparalleled destination.” According to a press release, “The Loren Group is delighted to announce the acquisition of the... Read more of this article
WMP Acquires Enterprise Solutions
White Mountains Partners [WMP] announced that it has acquired a majority interest in Enterprise Electric, LLC d/b/a Enterprise Solutions [Enterprise Solutions], a leading provider of specialty electrical contracting services. A spokesperson said, “White Mountains Partners [WMP], a White Mountains operating company, announced that it has acquired a... Read more of this article
Maiden & Kestrel Announce Combination
Maiden Holdings, Ltd. and Kestrel Group LLC have entered into a combination agreement to combine and form a new, publicly listed specialty program group. A spokesperson said, “Pursuant to the terms of the combination agreement, at the closing of the transaction, each issued and outstanding common share of Maiden will be converted into the right... Read more of this article
Somers Limited Announces Shareholder Merger
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced that, effective November 1, 2024, Somers’ largest shareholder, Union Mutual Pension Fund Limited [UMPFL] has merged with General Provincial Life Pension Fund Limited [GPLPFL], with GPLPFL being the continuing entity. The full filing stated: “As a result, the 14,424,184... Read more of this article
BF&M & Argus Unveils New Leadership Team
BF&M and Argus announced their Executive Leadership Committee for the new combined company, pending regulatory and shareholder approval, with the announcement noting that the appointments are “effective upon closing of transaction.” A spokesperson said, “BF&M Limited and Argus Group Holdings Limited today announced the composition... Read more of this article
Arch Completes Acquisition: Allianz Businesses
Arch Insurance North America, part of Arch Capital Group Ltd. announced it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz originally announced on April 5. A spokesperson said, “Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will provide continuity to clients... Read more of this article
Enstar Group To Be Acquired By Sixth Street
Enstar Group announced that it has “entered into a definitive merger agreement under which Sixth Street will acquire Enstar, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the transaction. ” A spokesperson said, “Enstar shareholders will receive a total of $338.00 in cash... Read more of this article
