Hashtag: #BusinessMergers

Video: Polaris Acquires East End Asphalt

Video: Polaris Acquires East End Asphalt

[Updated] Polaris Holding Company is holding a press conference this morning [March 15] to announce a new business matter. We will have additional coverage later on and in the meantime the live video is below. Update: The live broadcast has concluded and the 21-minute replay is belowUpdate 10.30am: Polaris Holding Company announced the acquisition... Read more of this article

Apex Group Acquires Atlantic Fund Services

Apex Group Acquires Atlantic Fund Services

Apex Group Ltd. announced the acquisition of Atlantic Fund Services, a US-based fund administrator serving the traditional and alternative mutual fund market. Apex is a portfolio company of Genstar Capital. “The acquisition adds a further $12 billion in assets under administration to the Group’s portfolio and is a strong strategic fit for Apex’s... Read more of this article

Carey Olsen Advise Apex On Beacon Acquisition

Carey Olsen Advise Apex On Beacon Acquisition

A corporate team from Carey Olsen Bermuda advised Apex Group on its purchase of Beacon Fund Services [Bermuda] Ltd., Beacon Corporate Services [Bermuda] Ltd. and Beacon Management Limited. The acquisition of Beacon, a well-established Bermuda-based fund administrator, adds further weight to Apex’s hedge fund administration, corporate services... Read more of this article

Apex Group Announces Acquisition Of Beacon

Apex Group Announces Acquisition Of Beacon

Apex Group Ltd., the world’s fifth largest fund administrator, and Genstar Capital jointly announced the acquisition of Beacon Fund Services [Bermuda] Ltd, Beacon Corporate Services Ltd and Beacon Management Ltd [Beacon]. “The acquisition of Beacon, a well-established Bermuda-based fund administrator, adds further weight to Apex’s hedge fund... Read more of this article

Apex Successfully Closes Ipes Acquisition

Apex Successfully Closes Ipes Acquisition

Apex Group Ltd. has completed the successful closing of the acquisition of private equity administrator Ipes, adding $165 billion in assets under administration to the Group’s portfolio. “The addition of the Ipes business further strengthens Apex’s breadth of service and expertise in the private equity space while also solidifying its position... Read more of this article

Apex Adds Corporate Services Capabilities

Apex Adds Corporate Services Capabilities

Bermuda-based Apex Group and Genstar Capital jointly announced the acquisition of the Corporate and Private Client Services [CPCS] and Throgmorton businesses of Link Group’s Asset Services division. “The acquisition increases Apex’s global assets under administration [AUA] to nearly $600 billion,” the announcement said. “The acquisition... Read more of this article

Premia Acquires Public Service Insurance

Premia Acquires Public Service Insurance

Premia Holdings has acquired Public Service Insurance Company [PSIC] and its wholly-owned subsidiary Western Select Insurance Company [WSIC] from the Director of the Illinois Department of Insurance, acting in her capacity as statutory and court affirmed Rehabilitator for Public Service Insurance Company [Rehabilitator]. “In this groundbreaking... Read more of this article

Arch Complete Acquisition UK Commercial Lines

Arch Complete Acquisition UK Commercial Lines

Arch Insurance Europe has completed the acquisition of the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting [Geo] operating segment. The acquired business, which generated more than £150 million of Gross Written Premium in 2017, will become the newly formed Arch UK Regional Division, focused on commercial property,... Read more of this article

Enstar Completes Maiden Re Acquisition

Enstar Completes Maiden Re Acquisition

Enstar Group Limited announced that one of its wholly-owned subsidiaries completed a previously announced transaction to acquire Maiden Reinsurance North America Inc.  from a subsidiary of Maiden Holdings Ltd. Maiden Re North America is a diversified insurance company domiciled in Missouri that provides property and casualty treaty reinsurance, casualty... Read more of this article

LVMH To Acquire Belmond In $2.6 Billion Deal

LVMH To Acquire Belmond In $2.6 Billion Deal

LVMH Moët Hennessy Louis Vuitton will acquire Bermuda-domiciled luxury hotel company Belmond in a deal worth some $2.6 billion. The announcement said, “LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group and Belmond Ltd.,owners, part-owners or managers of 46 luxury hotel, restaurant, train and river cruise properties, today jointly... Read more of this article

AXA XL Acquires All Interests In New Ocean

AXA XL Acquires All Interests In New Ocean

AXA XL’s Reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Limited. New Ocean is now a wholly-owned subsidiary within AXA XL’s Alternative Capital business, under the leadership of Daniel Brookman, AXA XL’s Head of Alternative... Read more of this article

Arch Insurance To Acquire McNeil & Co.

Arch Insurance To Acquire McNeil & Co.

Arch Capital Group Ltd. has entered into a definitive agreement to acquire McNeil & Co. [McNeil], a nationwide leader in specialized risk management and insurance programs headquartered in Cortland, New York. Terms of the transaction were not disclosed. “McNeil is a great fit for Arch and solidifies a program relationship that dates back to Arch’s... Read more of this article

Monument Re Completes Acquisition Of Aspecta

Monument Re Completes Acquisition Of Aspecta

Bermuda based re/insurer Monument Re has completed the acquisition of Aspecta following receipt of regulatory approval by the Commissariat aux Assurances [CAA], with Aspecta no renamed as Monument Assurance Luxembourg. Manfred Maske, CEO of Monument Re Group, said: “We are pleased to announce the regulatory approval from the Commissariat aux Assurances... Read more of this article