Tag: #BusinessMergers

Endurance Now Blue Capital’s Parent Company

Endurance Now Blue Capital’s Parent Company

In a filing with the Bermuda Stock Exchange, Blue Capital Global Reinsurance Fund Limited announced that on 31 July 2015, Endurance Specialty Holdings Ltd. completed its acquisition of Montpelier Re Holdings Ltd. Upon closing the Merger, Endurance became the ultimate parent holding company of Blue Capital Management Ltd., Investment Manager to Blue... Read more of this article

AXIS Deal Cancelled, EXOR To Buy PartnerRe

AXIS Deal Cancelled, EXOR To Buy PartnerRe

Bermuda-based AXIS Capital Holdings Limited today [Aug 3] announced that it has accepted a request from PartnerRe Ltd. to terminate the amalgamation agreement with AXIS Capital, as PartnerRe Ltd. has reached a definitive agreement with EXOR buy PartnerRe for $6.9 billion. PartnerRe will pay AXIS Capital a $315 million fee to immediately terminate... Read more of this article

Endurance Completes Montpelier Acquisition

Endurance Completes Montpelier Acquisition

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has completed its acquisition of Montpelier Re Holdings Ltd. The acquisition was originally announced on March 31, 2015. John R. Charman, Chairman and Chief Executive Officer of Endurance, commented, “Endurance’s strategic... Read more of this article

Endurance Receives All Acquisition Approvals

Endurance Receives All Acquisition Approvals

Endurance Specialty Holdings Ltd. a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that it has received all regulatory approvals required in connection with its previously announced acquisition of Montpelier Re Holdings Ltd. The transaction is scheduled to be completed after the close of trading... Read more of this article

PartnerRe & AXIS Reaffirm Merger Commitment

PartnerRe & AXIS Reaffirm Merger Commitment

Bermuda-based AXIS Capital Holdings Limited and PartnerRe Ltd. said they reaffirmed their “commitment to a superior proposal to the terms contemplated by EXOR’s proposed exchange offer for PartnerRe preferred shares, as revised on July 20, 2015, provided that the Companies receive a private letter ruling from the IRS that the change in terms... Read more of this article

AXIS: Our Offer For PartnerRe Is “Superior”

AXIS: Our Offer For PartnerRe Is “Superior”

According to AXIS Capital Holdings Limited, its merger agreement with PartnerRe Ltd. “is superior to the EXOR offer both immediately and in the future.” The company said, “We provide continuity of interest for investors to participate in the future upside resulting from the substantial strategic and financial benefits of the combined... Read more of this article

PartnerRe On Revised Proposal From EXOR

PartnerRe On Revised Proposal From EXOR

PartnerRe Ltd. confirmed that it has received a revised acquisition proposal from EXOR S.p.A, offering a $3.00 per common share special dividend. The company said, “In response to EXOR’s revised offer, its sixth revised proposal, the PartnerRe Board has determined that the latest EXOR proposal would reasonably be likely to result in a “Superior... Read more of this article

Morgan’s Point To Have Dedicated Sales Office

Morgan’s Point To Have Dedicated Sales Office

President and CEO of Bermuda Realty Company Limited, Brian Madeiros and Craig Christensen, President and CEO of Morgan’s Point Development Ltd. have agreed to form a joint venture real estate company and open a dedicated sales office at Morgan’s Point in preparation of the impending development of phase 1 of the proposed luxury residential and... Read more of this article

KPMG Advises Bridgepoint On Acquisition

KPMG Advises Bridgepoint On Acquisition

KPMG Advisory teams in Bermuda, Channel Islands, Cayman, Isle of Man, and the United Kingdom supported Bridgepoint Capital in the management buyout of the Appleby Group’s fiduciary business; including their Corporate Administration, Trust Administration and Fund Services Business. KPMG provided buy side M&A and transaction services to Bridgepoint,... Read more of this article

“Enhanced” Merger Terms For PartnerRe & AXIS

“Enhanced” Merger Terms For PartnerRe & AXIS

AXIS Capital Holdings Limited and PartnerRe Ltd announced enhanced merger terms that increase to $17.50 per common share the one-time, special cash dividend payable to each holder of record of PartnerRe common shares immediately prior to the closing of the amalgamation between PartnerRe and AXIS Capital. A statement from the two Bermuda-based re/insurers... Read more of this article

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