Hashtag: #BusinessMergers

SRS To Acquire Dyna Management Services

SRS To Acquire Dyna Management Services

Strategic Risk Solutions has announced that it has reached an agreement to acquire the operations of Dyna Management Services Ltd. A spokesperson said, “Strategic Risk Solutions [SRS] today announced that it has reached agreement to acquire the operations of Dyna Management Services Ltd. [Dyna], a leading independently owned insurance management... Read more of this article

Sompo To Acquire Diversified Crop Insurance

Sompo To Acquire Diversified Crop Insurance

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that it will acquire Diversified Crop Insurance Services [Diversified], a subsidiary of CGB Enterprises, Inc. [CGB]. The addition of Diversified to Sompo International’s existing global AgriSompo platform, which already... Read more of this article

Monument Re, Charles Taylor Group Transaction

Monument Re, Charles Taylor Group Transaction

Monument Re announced that, subject to regulatory approval, it has agreed to acquire Charles Taylor Group’s Isle of Man operations. which principally comprises its life insurance company, LCL International Life Assurance Company Limited and Charles Taylor Holdings [IOM] Limited. Manfred Maske, CEO of Monument Re Group, said: “We are very pleased... Read more of this article

Randall & Quilter To Acquire Inceptum Insurance

Randall & Quilter To Acquire Inceptum Insurance

Randall & Quilter Investment Holdings Ltd. [R&Q] announced that it has signed an agreement to acquire Inceptum Insurance Company Limited. A spokesperson said, “Randall & Quilter Investment Holdings Ltd. [R&Q] is pleased to announce that its wholly owned subsidiary, Randall & Quilter II Holdings Limited, has signed an agreement... Read more of this article

Third Point Re & Sirius Group To Combine

Third Point Re & Sirius Group To Combine

Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd. have “entered into a definitive agreement to combine in a cash and stock transaction.” A spokesperson said, “Third Point Reinsurance Ltd. [Third Point Re], a specialty reinsurer, and Sirius International Insurance Group, Ltd. [Sirius Group], a global multi-line... Read more of this article

Arch Re Acquire Majority Stake In PMAP

Arch Re Acquire Majority Stake In PMAP

Arch Reinsurance announced that it has completed its previously announced acquisition of a majority stake in Precision Marketing Asia Pacific [PMAP], with the acquisition increasing distribution in the Asia-Pacific market. A spokesperson said, “The Arch Worldwide Reinsurance Group [Arch Re], part of Arch Capital Group Ltd., today announced that... Read more of this article

Monument Re Acquires Cattolica Life DAC

Monument Re Acquires Cattolica Life DAC

Monument Re announced that it has completed the acquisition of Cattolica Life DAC from Cattolica Assicurazioni following receipt of regulatory approval from the Central Bank of Ireland and no-objection from the Bermuda Monetary Authority. “Cattolica Assicurazioni is one of the main players on the Italian insurance market and the only cooperative... Read more of this article

Carlyle Group & T&D Acquire 76% Of Fortitude

Carlyle Group & T&D Acquire 76% Of Fortitude

The Carlyle Group & T&D Holdings have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from American International Group, Inc. A spokesperson said, “The Carlyle Group & T&D Holdings announced today that they have completed their acquisition of a 76.6% interest... Read more of this article

Monument Re Acquires GreyCastle Holdings

Monument Re Acquires GreyCastle Holdings

Monument Re announced that it has completed the acquisition of GreyCastle Holdings Ltd. [GreyCastle] and its subsidiaries, which include GreyCastle Life Reinsurance [SAC] Ltd. and GreyCastle Services Ltd., following receipt of regulatory approval from the Bermuda Monetary Authority. Related StoriesSRS To Acquire Dyna Management... Read more of this article

Peak Re Complete Lutece Holdings Acquisition

Peak Re Complete Lutece Holdings Acquisition

Peak Reinsurance Company Limited today [May 5] announced that it has completed the 100% acquisition of the capital of Lutece Holdings Ltd. A spokesperson said, “Peak Reinsurance Company Limited, a Hong Kong-based global reinsurer, today announced that it has completed the 100% acquisition of the capital of Lutece Holdings Ltd. [renamed as Peak... Read more of this article

Monument Re Acquires GreyCastle Holdings

Monument Re Acquires GreyCastle Holdings

Monument Re announced that it has signed an agreement to acquire GreyCastle Holdings Ltd and its subsidiaries, which include GreyCastle Life Reinsurance [SAC] Ltd and GreyCastle Services, from the shareholders of GreyCastle Holdings Ltd. A spokesperson said, “Monument Re announced today that, subject to regulatory approval, it has signed an agreement... Read more of this article

Multi-Strat Enters Agreement With Canopius

Multi-Strat Enters Agreement With Canopius

Multi-Strat Holdings said they are pleased to announce a majority acquisition of the company by Canopius Group Limited [Canopius]. “Canopius is a global specialty [re]insurer headquartered in London. One of the top five businesses at Lloyd’s, Canopius writes in excess of $2bn premium annually. The Group is domiciled in Jersey and operates in... Read more of this article

Covéa Set To Buy PartnerRe In $9 Billion Deal

Covéa Set To Buy PartnerRe In $9 Billion Deal

EXOR has entered into an MoU with French insurer Covéa in which they will acquire Bermuda-based reinsurer PartnerRe for a “total cash consideration of $9.0 billion plus a cash dividend of $50 million. The company said, “EXOR, one of Europe’s largest, diversified family-controlled holding companies, announces that it has entered into a... Read more of this article