Hashtag: #BusinessMergers

RiverStone International Acquires Catalina Ireland

RiverStone International Acquires Catalina Ireland

RiverStone International has completed the acquisition of Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. The transaction received regulatory approval in January and closed on 2 February 2024. Catalina Insurance Ireland has total reserves of approximately US$350 million emanating mainly from a German... Read more of this article

Compre Completes Acquisition Of Two Portfolios

Compre Completes Acquisition Of Two Portfolios

Compre, the Bermuda-domiciled international legacy group, today announces the acquisition of two portfolios of European casualty and motor liabilities from separate undisclosed international insurance groups. A spokesperson said, “All necessary approvals have been granted by Bermudian and European regulators, allowing Compre’s class 3B Bermudian... Read more of this article

Apex Group Acquires Retransform From Annet

Apex Group Acquires Retransform From Annet

Apex Group announced an “exciting” start to 2024, having completed the acquisition of Retransform from The Annet Group. A spokesperson said, “Leading international financial services business Apex Group today announces an exciting start to 2024 after closing its acquisition of Retransform from The Annet Group. “Retransform is... Read more of this article

Northlight Acquires Carrick Group Limited

Northlight Acquires Carrick Group Limited

Carrick Group Limited, a Bermuda-based international non-life legacy insurance business providing reinsurance and run-off solutions, announced that it has been acquired by Northlight QIAIF plc, an Irish regulated company managed by London-based investment manager Northlight Group LLP from Zimmer Financial Services Group.” “Northlight is thrilled... Read more of this article

BroadRiver Finish Lombard US/BDA Acquisition

BroadRiver Finish Lombard US/BDA Acquisition

BroadRiver Asset Management announced that it has “completed the acquisition of the US & Bermuda businesses [“Lombard US/BDA”] of Lombard International Group.” Andrew Plevin, Co-Founder and Co-CEO of BroadRiver, said: “This transaction is an outstanding opportunity for BroadRiver and its investors and an additional step in BroadRiver’s... Read more of this article

Brookfield Completes $1.1B Acquisition Of Argo

Brookfield Completes $1.1B Acquisition Of Argo

Argo Group International Holdings, Ltd. today announced the completion of Brookfield Reinsurance’s acquisition of Argo in an all-cash transaction valued at approximately $1.1 billion. A spokesperson said, “Under the terms of the transaction, Brookfield Reinsurance acquired all issued and outstanding common shares of Argo at a price of $30 per... Read more of this article

Arch US MI To Acquire RMIC Companies

Arch US MI To Acquire RMIC Companies

Arch U.S. MI Holdings, a wholly owned subsidiary of Arch Capital Group Ltd., has entered into a definitive agreement to acquire RMIC Companies, Inc. [RMIC] and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation. A spokesperson said, “Once the transaction is closed, RMIC’s... Read more of this article

ESC & Frameworks Merge Operations

ESC & Frameworks Merge Operations

ESC Limited and Frameworks announced the “successful merger of their operations” which they said “brings together both entities’ strengths, creating a comprehensive and seamless shopping experience. A spokesperson said, “The union of ESC and Frameworks, effective 31 May 2023, is a testament to their shared vision of providing... Read more of this article

Fleming Insurance To Acquire JRG Reinsurance

Fleming Insurance To Acquire JRG Reinsurance

Fleming Insurance Holdings, a provider of capital solutions to P&C insurers globally, has entered into an agreement to acquire JRG Reinsurance Company Ltd. from James River Group Holdings, Ltd. A spokesperson said, “This is a transformational transaction contributing to Fleming’s growth plan with the addition of complementary infrastructure,... Read more of this article

ABIR Congratulates RenRre On Acquisition

ABIR Congratulates RenRre On Acquisition

The Association of Bermuda Insurers and Reinsurers [ABIR] said they “welcomed the news that RenaissanceRe Holdings Ltd. has successfully closed its acquisition of Validus Re and its subsidiaries from American International Group [AIG].” A spokesperson said, “ABIR member RenaissanceRe becomes the fifth-largest property and casualty... Read more of this article

RenaissanceRe Acquires Validus Reinsurance

RenaissanceRe Acquires Validus Reinsurance

RenaissanceRe Holdings Ltd. has completed its acquisition of Validus Re, the treaty reinsurance business of American International Group, Inc. A spokesperson said, “RenaissanceRe Holdings Ltd. today announced that it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group, Inc which includes... Read more of this article

Nascent To Acquire Bermuda Compliance

Nascent To Acquire Bermuda Compliance

Nascent Group Ltd. announced that it has signed an agreement to acquire Bermuda Compliance Consultants Ltd, and the acquisition is expected to close in the fourth quarter of 2023. A spokesperson said, “Founded and headquartered in Bermuda, Bermuda Compliance Consultants Ltd. [BCCL] provides compliance advisory services to the insurance and the... Read more of this article

Artex Acquires Frontier Financial Services

Artex Acquires Frontier Financial Services

Arthur J. Gallagher & Co. announced that its captive and alternative risk transfer solutions subsidiary, Artex, has acquired Bermuda-based Frontier Financial Services Limited. A spokesperson said, “Frontier is a management firm specializing in consulting, recruitment, business services and immigration services to reinsurance and insurance-linked... Read more of this article

Monument Re Acquires Portfolio From Federale

Monument Re Acquires Portfolio From Federale

Monument Re announced today that its Belgian subsidiary Monument Assurance Belgium has completed the acquisition of a run-off block of retail life policies, annuities and associated assets from Federale Verzekering [Federale]. Koen Depaemelaere, CEO of Monument Assurance Belgium stated that “We are pleased to have completed this transaction with Federale... Read more of this article

RenaissanceRe To Acquire Validus Reinsurance

RenaissanceRe To Acquire Validus Reinsurance

Renaissancere Holdings  announced it has “entered into a definitive agreement with American International Group, Inc., whereby RenaissanceRe will acquire AIG’s treaty reinsurance business, which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd. and its managed funds, and all renewal rights to the Assumed... Read more of this article

Arch Insurance Acquires Thimble

Arch Insurance Acquires Thimble

Arch Insurance announced it has acquired Thimble, a leading insurtech platform for small business customers and agents. A spokesperson said, “Thimble enables small businesses to quickly get insurance coverage by the job, month or year using its award-winning app, website, or over the phone. “The acquisition expands Arch’s suite of digital... Read more of this article