Tag: #BusinessMergers

Valor Acquire International Insurance From BF&M

Valor Acquire International Insurance From BF&M

Valor Group Ltd, a financial services company that owns Valorlife, a leading European life insurance products company, and BF&M Limited announced today  [April 23] that, having received approval from the Bermuda Monetary Authority, Valor Group has completed the acquisition of Bermuda International Insurance Services Limited, the international life... Read more of this article

EXOR: $6.4 Billion Proposal To Buy PartnerRe

EXOR: $6.4 Billion Proposal To Buy PartnerRe

[Updated] EXOR, an Italian company controlled by the Agnelli family, today [April 14] submitted a written proposal to the Board of Directors of Bermuda-based PartnerRe Ltd. to acquire 100% of the common shares of the company for $130.00 per share in cash, valuing PartnerRe at $6.4 billion. A statement from the company said, “EXOR’s all-cash... Read more of this article

Video: A.M. Best TV On Mergers & Acquisitions

Video: A.M. Best TV On Mergers & Acquisitions

The latest “First Monday” episode from A.M. Best TV focuses on the wave of mergers and acquisitions, with A.M. Best Vice President Robert DeRose and Assistant Vice President William Pargeans exploring motivations of re/insurers across the major sectors to seek out mergers and acquisitions. “A.M. Best has seen a definite increase in M&A activity... Read more of this article

Assured Guaranty Corp. Acquired Radian Asset

Assured Guaranty Corp. Acquired Radian Asset

Assured Guaranty Ltd. announced that its subsidiary Assured Guaranty Corp. [AGC] acquired Radian Asset Assurance Inc. from Radian Guaranty Inc., in accordance with the agreement announced December 23, 2014. Radian Asset has merged with and into AGC, with AGC as the surviving company. As a result, the assets and obligations of Radian Asset have become... Read more of this article

Allied World Completes Acquisitions In Asia

Allied World Completes Acquisitions In Asia

Allied World Assurance Company Holdings has completed the acquisitions of the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc [RSA]. The closings follow receipt of all necessary regulatory and court approvals. The acquisitions, announced in August 2014 and valued at approximately $193 million at current exchange rates,... Read more of this article

AXIS Accident & Health Acquires Ternian

AXIS Accident & Health Acquires Ternian

Bermuda-based AXIS Capital Holdings Limited announced that AXIS Accident & Health has acquired Ternian Insurance Group LLC, a leading provider of voluntary, limited benefit, affordable health plans and other employee benefits coverage for hourly and part-time workers and their families. Through the acquisition, AXIS Accident & Health secures... Read more of this article

AM Best: Endurance Ratings Remain Unchanged

AM Best: Endurance Ratings Remain Unchanged

A.M. Best has commented that the financial strength rating [FSR] of A [Excellent] and the issuer credit ratings [ICR] of “a” of Endurance Specialty Insurance Ltd. and its affiliates remain unchanged following the announcement of the plans to acquire Montpelier Re Holdings Ltd. Concurrently, A.M. Best has commented that the ICR of “bbb” and... Read more of this article

Hamilton Completes Acquisition of Sportscover

Hamilton Completes Acquisition of Sportscover

Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda and the US, has completed the acquisition of Sportscover Underwriting Limited, a Lloyd’s managing agent which manages Syndicate 3334, and Kinetic Insurance Brokers Limited, a Lloyd’s insurance broker. Former CEO of Torus’ International... Read more of this article

Appleby Advised Montpelier For Acquisition

Appleby Advised Montpelier For Acquisition

 Appleby acted as counsel to Montpelier Re Holdings Ltd. in relation to its sale to the Endurance Speciality group for a purchase price to be satisfied by a mixture of shares and cash which values Montpelier at c.USD1.83bn and structured by way of merger with an Endurance subsidiary. Under the terms of the agreement, Montpelier shareholders will... Read more of this article

Endurance To Acquire Montpelier Re Holdings

Endurance To Acquire Montpelier Re Holdings

The mergers in Bermuda’s re/insurance industry continue, with Endurance Specialty Holdings Ltd and Montpelier Re Holdings Ltd today [Mar 31] announcing that they have entered into a definitive merger agreement in which Endurance will acquire Montpelier. Endurance will acquire Montpelier for consideration of 0.472 shares of Endurance and $9.89... Read more of this article

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