Hashtag: #BusinessMergers

AmWINS To Acquire Bermuda-Based ISBL

AmWINS To Acquire Bermuda-Based ISBL

AmWINS Group Inc. signed a definitive agreement to acquire International Specialty Brokers Limited [ISBL], a Bermuda-based P&C wholesale insurance/reinsurance broker. “We are excited to partner with Alan Waring, Alan Mooney and the entire ISBL team,” said Scott M. Purviance, Chief Executive Officer of AmWINS. “With their comprehensive access... Read more of this article

Monument Completes Acquisition From Zurich

Monument Completes Acquisition From Zurich

Monument Re announced today that Monument Life Insurance d.a.c completed the acquisition of a portfolio of unit-linked International Portfolio Bond policies from Zurich Life Assurance plc. Terms of the transaction were not disclosed. In accordance with the approval of the Irish High Court, the portfolio has transferred, as of the 30th November 2020,... Read more of this article

R&Q Re To Acquire Bermuda Captive Company

R&Q Re To Acquire Bermuda Captive Company

Randall & Quilter Investment Holdings  has entered into a stock purchase agreement to acquire a Bermuda-domiciled captive insurance company. A statement from the company said, “Randall & Quilter Investment Holdings Ltd. [R&Q], the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance... Read more of this article

Argo Group Announces Closing Of Ariel Re Sale

Argo Group Announces Closing Of Ariel Re Sale

Argo Group International Holdings Ltd. today [Nov 25] announced the closing of the sale of Ariel Re to Pelican Ventures and J.C. Flowers & Co. “This is an important milestone for Argo Group as we simplify our operations – primarily as a U.S.-focused specialty insurer,” said Chief Executive Officer Kevin J. Rehnberg. “We are pleased to complete... Read more of this article

Bacardi Acquires Cocktail Company TAILS

Bacardi Acquires Cocktail Company TAILS

Bacardi Limited, which is headquartered n Bermuda, has acquired 100% ownership of cocktail company TAILS. A statement from the company said that the announcement follows the “successful relationship the two companies have enjoyed since Bacardi acquired a minority stake in TAILS in 2018.“Since it was established in London 10 years ago,... Read more of this article

Arch & Watford: Revised Merger Agreement

Arch & Watford: Revised Merger Agreement

Arch Capital Group and Watford Holdings today [Nov 2] announced a revised definitive agreement under which Arch will acquire all of the common shares of Watford for an increased price of $35.00 per share. A spokesperson said, “This revised all-cash consideration is valued at approximately $700 million and represents a premium of approximately 96%... Read more of this article

Argo Announces Agreement To Sell Ariel Re

Argo Announces Agreement To Sell Ariel Re

Argo Group International Holdings Ltd. today [Nov 2] announced an agreement to sell its reinsurance business, Ariel Re, to Pelican Ventures and J.C. Flowers & Co. Closing of the transaction is subject to regulatory approval and is expected to occur in 2020. “Ariel Re is well known in the reinsurance market, and we are confident the business will... Read more of this article

Apex & Banco Modal Acquisition Transaction

Apex & Banco Modal Acquisition Transaction

Apex Group Ltd. has entered into an agreement to acquire Banco Modal’s Alternative Fund Administration business in Brazil. A spokesperson said, “Apex Group Ltd. [Apex], a global financial services provider, and Banco Modal S.A., a Brazilian financial institution [Banco Modal], announced jointly today that Apex will acquire Banco Modal’s Alternative... Read more of this article

Apex Group: Planned Acquisition Of FundRock

Apex Group: Planned Acquisition Of FundRock

Apex Group Ltd., a global financial services provider, announced today the planned acquisition of FundRock Management Company SA and FundRock Partners Ltd. A spokesperson said, “This latest deal serves to reinforce Apex’s ability to deliver award-winning services on a global basis and complement the Group’s 2019 acquisition of Luxembourg-based... Read more of this article

Meritus Trust Acquires Lepercq Corporation

Meritus Trust Acquires Lepercq Corporation

Meritus Trust Company Limited has acquired all of the shares in Lepercq Corporation Management and its direct subsidiary, Lepercq Corp. Services Co. Ltd. A spokesperson said, “Meritus Trust Company Limited [Meritus], a premier boutique Bermuda trust and corporate service provider company, has acquired all of the shares in Lepercq Corporation Management... Read more of this article

White Mountains To Acquire Part Of Ark Insurance

White Mountains To Acquire Part Of Ark Insurance

White Mountains Insurance Group, Ltd. has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd, the ultimate parent company of Ark Syndicate Management Limited. A spokesperson said, “Ark is a leading Lloyd’s platform well positioned to take advantage of the hardening... Read more of this article

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