Tag: Business mergers and takeovers

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

Aspen Reject Endurance’s $3.2 Billion Proposal

Aspen Reject Endurance’s $3.2 Billion Proposal

[Updated - Aspen "unanimously" reject proposal] Endurance Specialty Holdings Ltd. today [Apr 14] announced that it has delivered a proposal to the Board of Directors of Aspen Insurance Holdings Ltd. to acquire all of the common shares of Aspen for $3.2 billion, with a combination of cash and Endurance common shares. John R. Charman, Endurance’s... Read more of this article

Butterfield Acquisition of Legis Trust Completed

Butterfield Acquisition of Legis Trust Completed

The Bank of N.T. Butterfield & Son today [Apr 8] announced that it has completed the acquisition of Legis Group’s Guernsey-based trust and corporate services business. The acquisition was agreed in principle with Legis Group Holdings Limited (“Legis Group”) in January, subject to contract discussions as well as regulatory and other approvals... Read more of this article

Catalina Holdings To Acquire Sparta Insurance

Catalina Holdings To Acquire Sparta Insurance

Bermuda-based Catalina Holdings has entered a definitive agreement under which Catalina will acquire Sparta Insurance Holdings. Following the closing of the transaction, Catalina plans to place some of Sparta’s business into run off and to transfer Sparta’s alternative market business to Arch Insurance Company under a separate renewal rights agreement.... Read more of this article

Wilton Re Acquired By Canada Pension Plan

Wilton Re Acquired By Canada Pension Plan

[Updated] Wilton Re Holding Limited has entered into a definitive agreement for the sale of 100% of Wilton Re’s outstanding stock to Canada Pension Plan Investment Board [CPPIB] The transaction involves the 100% stock acquisition of Wilton Re Holding Limited, a Bermuda insurance holding company and all subsidiaries within the Wilton Re Group. The... Read more of this article

Capital G Ltd Acquired By CWH/Clarien Group

Capital G Ltd Acquired By CWH/Clarien Group

[Updated] CWH Ltd will assume the majority ownership of Capital G Limited, while Edmund Gibbons Ltd will remain involved as a minority shareholder, it was announced today [Jan 7]. CWH Limited founders include David Carrick, Robert Flohr, Zoran Fotak, Mitchell Hedstrom, Ian Truran and Keith Stock, who the company said “will play an active role... Read more of this article

Global Atlantic To Acquire Forethought Financial

Global Atlantic To Acquire Forethought Financial

Bermuda-based Global Atlantic Financial Group has recently entered into a definitive agreement to acquire Houston-based Forethought Financial Group, Inc., a financial services company with life insurance and annuity operations throughout the US. Forethought will continue to operate its life insurance and annuity businesses under the Forethought name.... Read more of this article

Enstar Complete Arden Reinsurance Acquisition

Enstar Complete Arden Reinsurance Acquisition

Bermuda-based Enstar Group Limited announced on Monday [Sept 9] that it, together with affiliates of Stone Point Capital LLC, has completed the previously announced acquisition of Arden Reinsurance Company Ltd. from Arden Holdings Ltd. Arden Reinsurance is a Bermuda-based reinsurance company that provides reinsurance to the Atrium Underwriting group... Read more of this article


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