Tag: Business mergers and takeovers

XL Confirm “Preliminary Discussions” With Catlin

XL Confirm “Preliminary Discussions” With Catlin

Following reports they made a $3.9 billion offer to buy Catlin Group, XL Group today [Dec 17] confirmed that it is “engaged in preliminary discussions with Catlin regarding a potential transaction to acquire the company and form a combined entity.” Bloomberg reported that Catlin Group Ltd. said it received a takeover approach from XL valued... Read more of this article

Fitch: RenRe Deal Could Spark Further M&A

Fitch: RenRe Deal Could Spark Further M&A

RenaissanceRe’s agreement to acquire Platinum Underwriters Holdings could spur merger and acquisition activity among reinsurers, Fitch Ratings says. RenaissanceRe recently announced it will acquire Platinum in a deal worth approximately $1.9 billion, with the transaction between the two Bermuda-based re/insurers expected to close in the first... Read more of this article

RenRe To Acquire Platinum For $1.9 Billion

RenRe To Acquire Platinum For $1.9 Billion

RenaissanceRe Holdings and Platinum Underwriters Holdings confirmed that RenaissanceRe will acquire Platinum in a deal worth approximately $1.9 billion, with the transaction expected to close in the first half of 2015. The aggregate consideration for the transaction between the two Bermuda-based re/insurers will consist of 7.5 million RenaissanceRe... Read more of this article

American Overseas Acquire Orpheus Group

American Overseas Acquire Orpheus Group

In a filing with the Bermuda Stock Exchange, American Overseas Group Limited announced the acquisition of Orpheus Group Ltd. [together with its subsidiaries, “Orpheus”], formerly the principal shareholder of the Company, for a combination of common stock and senior notes. The statement said, “Following the transaction, the Company’s outstanding... Read more of this article

Hamilton USA Acquires Valiant Insurance

Hamilton USA Acquires Valiant Insurance

Hamilton USA, the New Jersey-based insurance operations of Hamilton Insurance Group, today announced that Hamilton U.S. Holdings, Inc., the holding company for the group’s U.S. platform, has completed the acquisition of Valiant Insurance Company, a US-based admitted insurance company, and Valiant Specialty Insurance Company, a US-based surplus lines... Read more of this article

Validus Completes Western World Acquisition

Validus Completes Western World Acquisition

Bermuda-based Validus Holdings, Ltd. completed its acquisition of Western World Insurance Group, Inc. Western World, through its subsidiaries, is a specialty lines insurance company with a 50 year track record of profitability and is a pioneer in the binding authority business model. Ed Noonan, Validus’ Chairman and Chief Executive Officer, stated,... Read more of this article

BTC Sale To Barrie Holdings Ltd. Completed

BTC Sale To Barrie Holdings Ltd. Completed

[Updated] BTC announced the completed sale of the company to Barrie Holdings Limited, a said the “transaction marks the beginning of a new era and promises to yield significant changes in the days ahead.” Roy Graydon [pictured], the newly appointed Executive Chairman of BTC, says, “Bermuda is a unique market filled with incredible potential,... Read more of this article

BTG To Purchase Ariel Re From Global Atlantic

BTG To Purchase Ariel Re From Global Atlantic

Banco BTG Pactual S.A. and Global Atlantic Financial Group Limited announced that they have signed an agreement whereby BTG Pactual will acquire Ariel Re, Global Atlantic’s Bermuda-based property and casualty reinsurance company. The transaction, which includes all of the operating entities, assets and obligations of Ariel Re, is still subject to... Read more of this article

Validus To Acquire Western World Insurance

Validus To Acquire Western World Insurance

Bermuda-based Validus Holdings, Ltd. announced the signing of a definitive agreement to acquire Western World Insurance Group, Inc. Western World, through its subsidiaries, is a specialty lines insurance company with a 50 year track record of profitability and is a pioneer in the binding authority business model, based in Franklin Lakes, New Jersey. Validus... Read more of this article

Signet Completes Zale Corporation Acquisition

Signet Completes Zale Corporation Acquisition

Bermuda-based Signet Jewelers Ltd — the largest specialty retail jeweler in the US and the UK — has completed its acquisition of Zale Corporation for $21 per share in cash and a total consideration of $1.46 billion following the approval of the transaction by a majority of Zale’s stockholders at the Zale special meeting held earlier... Read more of this article


Latest Tweets From Bernews