Hashtag: #BusinessMergers

R&Q Acquires Vigneron Insurance Company

R&Q Acquires Vigneron Insurance Company

Randall & Quilter Investment Holdings Ltd. [R&Q] has acquired the Montana captive insurer, Vigneron Insurance Company Inc. [VICI] from a wholly owned private investment holding company. “VICI underwrote deductible reimbursement policies to cover the obligations under insurance policies taken out by affiliated entities,” the company... Read more of this article

Randall & Quilter Acquires Barbados Insurer

Randall & Quilter Acquires Barbados Insurer

Randall & Quilter Investment Holdings Ltd. [R&Q] announced that its wholly-owned subsidiary R&Q Re [Bermuda] Limited has completed the acquisition of the Barbados insurer, Distinguished Re Ltd, formerly known as the Saranac Insurance Company, Ltd., a wholly owned subsidiary of Distinguished LLC. A spokesperson said, “Distinguished... Read more of this article

Monument Re Acquires Cattolica Life

Monument Re Acquires Cattolica Life

Monument Re announced that, subject to regulatory approval, it has acquired Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. The transaction will have no impact on Cattolica Life DAC clients and policyholders. Change of control of the company will follow satisfaction... Read more of this article

Carlyle Group, T&D Acquire 76% Of Fortitude

Carlyle Group, T&D Acquire 76% Of Fortitude

American International Group, Inc., The Carlyle Group and T&D Holdings announced that a newly created Carlyle-managed fund, together with T&D, have partnered to acquire from AIG a 76.6 percent ownership interest in Fortitude Group Holdings, whose group companies operate as Fortitude Re, for approximately $1.8 billion. “After closing, ownership... Read more of this article

Artex Completes Purchase: Horseshoe Insurance

Artex Completes Purchase: Horseshoe Insurance

Artex Risk Solutions has completed the purchase of Horseshoe Insurance Services Holdings Ltd, saying “this acquisition significantly strengthens its insurance-linked securities [ILS] operations and furthers the company’s goal to become the best service provider to the world’s risk capital.” “Horseshoe will become the global brand... Read more of this article

Artex To Acquire Horseshoe Insurance

Artex To Acquire Horseshoe Insurance

Artex Risk Solutions announced that it has reached agreement to acquire Horseshoe Insurance Services Holdings Ltd., significantly strengthening its insurance-linked securities [ILS] operations. The transaction is subject to regulatory approval and expected to complete before the end of the year. Horseshoe specializes in providing insurance management,... Read more of this article

Monument Re Completes Acquisition Of Inora Life

Monument Re Completes Acquisition Of Inora Life

Monument Re announced that it has, through its European subsidiary Laguna Life d.a.c, completed the acquisition of Inora Life DAC from Societe Generale following receipt of regulatory approval from the Central Bank of Ireland. Monument Re Limited is a Class E reinsurer and Holding Company subject to Group Supervision by the Bermuda Monetary Authority.... Read more of this article

Arch To Acquire Ventus Risk Management

Arch To Acquire Ventus Risk Management

Arch Insurance North America [Arch] announced it has entered into a definitive agreement to acquire Ventus Risk Management [Ventus], a technology and analytics-driven managing general underwriter [MGU] that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventus was founded in 2016, with the... Read more of this article

Assured Guaranty To Acquire BlueMountain

Assured Guaranty To Acquire BlueMountain

Assured Guaranty – a publicly traded Bermuda-based holding company — has entered into an agreement to purchase all of the outstanding equity interests in BlueMountain Capital Management, LLC  and its associated entities for a purchase price of approximately $160 million, subject to certain adjustments. BlueMountain is an alternative asset... Read more of this article

Arch Capital To Acquire Barbican Group Holdings

Arch Capital To Acquire Barbican Group Holdings

Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Limited from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The acquisition includes Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Lloyd’s Syndicate 1856 [Arcus], Lloyd’s Special... Read more of this article

Minimax Takes Over Island Shippers Client Base

Minimax Takes Over Island Shippers Client Base

Minimax Forwarders Limited has taken over the small package delivery and shipping client base of Island Shippers Ltd. A spokesperson said, “Effective immediately, Minimax Forwarders Limited has taken over the small package delivery and shipping client base of Island Shippers Ltd. There will be no interruption in service to Island Shipper’s clients,... Read more of this article

Butterfield Complete Acquisition Of ABN AMRO

Butterfield Complete Acquisition Of ABN AMRO

The Bank of Butterfield has completed the acquisition of ABN AMRO [Channel Islands] Limited [ABN AMRO CI], the Channel Islands-based banking subsidiary of ABN AMRO Bank N.V., following receipt of all regulatory approvals. Effective today, ABN AMRO CI has been renamed Butterfield Bank [Channel Islands] Limited [BBCI]. Over the next 12 months, Butterfield... Read more of this article

Monument Re Completes Acquisition Of Nordben

Monument Re Completes Acquisition Of Nordben

Monument Re has completed the acquisition of Nordben Life and Pension Insurance Co. Limited [Nordben] from BenCo Insurance Holding B.V., following receipt of regulatory approval from the Guernsey Financial Services Commission [GFSC]. Manfred Maske, CEO of Monument Re Group, said: “The completion of this transaction positions the Monument Group well... Read more of this article