Hashtag: #BusinessMergers

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

Arch Intends To Obtain Majority Stake In PMAP

Arch Intends To Obtain Majority Stake In PMAP

Arch Reinsurance has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific [PMAP]. The company said, “Arch Reinsurance [Arch Re], a wholly owned subsidiary of Arch Capital Group Ltd., has announced that it has entered into an agreement in principle to obtain a majority stake in Precision Marketing... Read more of this article

EXOR In ‘Discussions’ Over Possible Acquisition

EXOR In ‘Discussions’ Over Possible Acquisition

EXOR has confirmed that it has “entered into exclusive discussions” regarding a possible acquisition of PartnerRe. A statement on their website said, “EXOR confirms that it has entered into exclusive discussions with Covéa regarding a possible all-cash acquisition of PartnerRe. “These discussions are ongoing and there is no... Read more of this article

Ocorian And Estera Announce Merger

Ocorian And Estera Announce Merger

With the aim to “create a global leader in corporate and fiduciary services, fund administration and capital markets”, Ocorian and Estera announced that they will merge, with the enlarged business operating under the Ocorian name. A spokesperson said, “We are delighted to announce the combination of the Ocorian and Estera businesses... Read more of this article

IGI Receives Approval For Tiberius Deal

IGI Receives Approval For Tiberius Deal

International General Insurance Holdings Ltd. [IGI] announced that it has received regulatory approval from the Bermuda Monetary Authority in connection with its previously announced business combination with Tiberius Acquisition Corp. [Tiberius],  a publicly traded special purpose acquisition company. A spokesperson said, “This approval, received... Read more of this article

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