Tag: Business mergers and takeovers

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

Worldview Travel Merges With Meyer-Franklin

Worldview Travel Merges With Meyer-Franklin

Worldview Travel Bermuda [formerly C Travel] and Meyer-Franklin Travel have struck a merger deal and will be joining forces. A spokesperson said, “Worldview Travel Bermuda [formerly C Travel] and Meyer-Franklin Travel have struck a merger deal that will see the island’s two leading travel agencies join forces to deliver better pricing and service... Read more of this article

Bermuda Cleaning Merge With Town & Country

Bermuda Cleaning Merge With Town & Country

Bermuda Cleaning Ltd. today [July 9] announced the successful amalgamation of Bermuda Cleaning Ltd. and Bermuda Janitorial Supplies Ltd. with Town & Country Carpet Limited.The three companies have now formed the Bermuda Cleaning Group [BCL Group] and the entire Town & Country operation has moved to the BCL Group’s facilities located on 23... Read more of this article

Enstar To Acquire Torus Insurance Holdings

Enstar To Acquire Torus Insurance Holdings

Bermuda-based Enstar Group Ltd., a firm that typically acquires and manages insurance and reinsurance companies in run-off and portfolios of insurance and reinsurance business in run-off, has agreed to buy Torus Insurance Holdings Ltd. for $692 million Enstar will issue approximately 1,901,000 ordinary voting shares and approximately 711,000 newly created... Read more of this article