Tag: #BusinessMergers

Endurance Receives All Acquisition Approvals

Endurance Receives All Acquisition Approvals

Endurance Specialty Holdings Ltd. a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that it has received all regulatory approvals required in connection with its previously announced acquisition of Montpelier Re Holdings Ltd. The transaction is scheduled to be completed after the close of trading... Read more of this article

PartnerRe & AXIS Reaffirm Merger Commitment

PartnerRe & AXIS Reaffirm Merger Commitment

Bermuda-based AXIS Capital Holdings Limited and PartnerRe Ltd. said they reaffirmed their “commitment to a superior proposal to the terms contemplated by EXOR’s proposed exchange offer for PartnerRe preferred shares, as revised on July 20, 2015, provided that the Companies receive a private letter ruling from the IRS that the change in terms... Read more of this article

AXIS: Our Offer For PartnerRe Is “Superior”

AXIS: Our Offer For PartnerRe Is “Superior”

According to AXIS Capital Holdings Limited, its merger agreement with PartnerRe Ltd. “is superior to the EXOR offer both immediately and in the future.” The company said, “We provide continuity of interest for investors to participate in the future upside resulting from the substantial strategic and financial benefits of the combined... Read more of this article

PartnerRe On Revised Proposal From EXOR

PartnerRe On Revised Proposal From EXOR

PartnerRe Ltd. confirmed that it has received a revised acquisition proposal from EXOR S.p.A, offering a $3.00 per common share special dividend. The company said, “In response to EXOR’s revised offer, its sixth revised proposal, the PartnerRe Board has determined that the latest EXOR proposal would reasonably be likely to result in a “Superior... Read more of this article

Morgan’s Point To Have Dedicated Sales Office

Morgan’s Point To Have Dedicated Sales Office

President and CEO of Bermuda Realty Company Limited, Brian Madeiros and Craig Christensen, President and CEO of Morgan’s Point Development Ltd. have agreed to form a joint venture real estate company and open a dedicated sales office at Morgan’s Point in preparation of the impending development of phase 1 of the proposed luxury residential and... Read more of this article

KPMG Advises Bridgepoint On Acquisition

KPMG Advises Bridgepoint On Acquisition

KPMG Advisory teams in Bermuda, Channel Islands, Cayman, Isle of Man, and the United Kingdom supported Bridgepoint Capital in the management buyout of the Appleby Group’s fiduciary business; including their Corporate Administration, Trust Administration and Fund Services Business. KPMG provided buy side M&A and transaction services to Bridgepoint,... Read more of this article

“Enhanced” Merger Terms For PartnerRe & AXIS

“Enhanced” Merger Terms For PartnerRe & AXIS

AXIS Capital Holdings Limited and PartnerRe Ltd announced enhanced merger terms that increase to $17.50 per common share the one-time, special cash dividend payable to each holder of record of PartnerRe common shares immediately prior to the closing of the amalgamation between PartnerRe and AXIS Capital. A statement from the two Bermuda-based re/insurers... Read more of this article

Bermuda CableVision To Merge With Logic

Bermuda CableVision To Merge With Logic

KeyTech confirmed that its subsidiary has acquired 100% of the issued shares of Bermuda CableVision which will allow CableVision to be merged with Logic Communications, and as a result of the merger Cablevision will be rebranded as Logic. “The KeyTech Group of Companies today announces that its subsidiary has acquired 100 per cent of the issued... Read more of this article

Xuber’s White Paper Reveals Executive Insights

Xuber’s White Paper Reveals Executive Insights

Xuber, Xchanging’s insurance software business which delivers solutions to the commercial insurance and reinsurance marketplace, recently gathered a group of executives on the island to talk about market conditions, innovation, technological change and analytics. Faced with a raft of challenges such as third-party capital, soft market conditions and... Read more of this article

AXIS & PartnerRe “Exploring Enhancements”

AXIS & PartnerRe “Exploring Enhancements”

PartnerRe Ltd. and AXIS Capital Holdings Limited said they are “jointly exploring enhancements to the terms of their amalgamation agreement.” “As a result, the special meetings of PartnerRe and AXIS Capital shareholders to approve the amalgamation agreement that were originally scheduled for July 24, 2015 will now take place on August... Read more of this article

Bernews Latest Instagram Photos