Hashtag: #BusinessMergers

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

M&A Transaction Value Doubled In First Half

M&A Transaction Value Doubled In First Half

According to a report released by law firm Appleby, the “total value of M&A transactions in Bermuda more than doubled in the first half of 2018 when compared to the final six months of the previous year.” The law firm said, “The total value of M&A transactions in Bermuda more than doubled in the first half of 2018 when compared... Read more of this article

Marsh & McLennan To Buy JLT For $5.7 Billion

Marsh & McLennan To Buy JLT For $5.7 Billion

Marsh & McLennan announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group [JLT] for $5.7 billion. “The transaction has been approved by the Board of Directors of each of MMC and JLT. Under the terms of the transaction, holders of JLT’s common shares will receive cash consideration of £19.15 pounds per share,”... Read more of this article

AXA Has Completed Acquisition Of XL Group

AXA Has Completed Acquisition Of XL Group

AXA today [Sept 12] announced that it has completed the acquisition of XL Group Ltd. “The completion of the transaction follows the fulfillment of customary closing conditions, including approval by XL Group shareholders and obtention of all necessary regulatory approvals,” the company saud. “XL Group, a premier specialty and large... Read more of this article

AXA Get Regulatory Approval For XL Acquisition

AXA Get Regulatory Approval For XL Acquisition

AXA S.A. announced that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group Ltd previously announced on March 5, 2018. The acquisition is expected to close on September 12, 2018, pending the satisfaction of the remaining customary closing conditions. Related StoriesAXA Has Completed Acquisition... Read more of this article

BEST Shipping Acquires Bermuda Forwarders

BEST Shipping Acquires Bermuda Forwarders

BEST Shipping Ltd. and Joe Vieira Trucking Ltd. announced the “acquisition of Bermuda Forwarders, an established member of the shipping and haulage business in Bermuda for over 60 years” saying that “now, with over 100 years of combined experience, the team at BEST Shipping promises its customers enhanced products and services.” Mr.... Read more of this article

Enstar To Acquire Maiden Re North America

Enstar To Acquire Maiden Re North America

Enstar Group announced today [Aug 31] that one of its wholly owned subsidiaries has entered into a definitive agreement 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,... Read more of this article

Markel Corporation To Acquire Nephila Holdings

Markel Corporation To Acquire Nephila Holdings

Markel Corporation and Nephila Holdings Limited announced today that they have entered into a definitive agreement for Markel to acquire all of the outstanding shares of Nephila. “Nephila is the pre-eminent insurance-linked securities manager in the world. Nephila brings deep and long-term investor relationships, tremendous energy, creativity... Read more of this article

Apollo To Acquire Aspen Insurance For $2.6B

Apollo To Acquire Aspen Insurance For $2.6B

Aspen Insurance Holdings announced today [Aug 28] that they have “entered into a definitive agreement under which Aspen will be acquired by the Apollo Funds.” Under the terms of the agreement, which has been approved by Aspen’s Board of Directors, the Apollo Funds will acquire all of the outstanding shares of Aspen for $42.75 per share... Read more of this article

Starr Acquires Aspen’s Aviation Operation

Starr Acquires Aspen’s Aviation Operation

Starr Insurance Companies has entered into an agreement to acquire the renewal rights of Aspen Insurance’s aviation business. “The value of the aviation book is estimated to be in excess of $50 million in gross written premiums,” the company said. “In conjunction with this agreement, Starr will also manage all underwriting and claims... Read more of this article

Bermuda Forwarders, BEST Shipping Join Forces

Bermuda Forwarders, BEST Shipping Join Forces

Bermuda Forwarders has agreed the sale of its freight business to BEST Shipping, with the company saying “both parties believe that their collective strengths will create a stronger team and provide their clients and improved all-around shipping experience. “Bermuda Forwarders Ltd. is thankful that after more than 60 years in the business... Read more of this article

Apex Successfully Closes Deutsche Acquisition

Apex Successfully Closes Deutsche Acquisition

Apex Group Ltd. has completed the acquisition of Deutsche Bank Alternative Fund Services [Deutsche Bank AFS]. “Adding $170 billion in assets under administration to the Group’s portfolio, the successful final close of the deal has solidified Apex as one of the world’s largest fund administrators,” the company said. “First... Read more of this article