Hashtag: #BusinessMergers

Premia Acquires Public Service Insurance

Premia Acquires Public Service Insurance

Premia Holdings has acquired Public Service Insurance Company [PSIC] and its wholly-owned subsidiary Western Select Insurance Company [WSIC] from the Director of the Illinois Department of Insurance, acting in her capacity as statutory and court affirmed Rehabilitator for Public Service Insurance Company [Rehabilitator]. “In this groundbreaking... Read more of this article

Arch Complete Acquisition UK Commercial Lines

Arch Complete Acquisition UK Commercial Lines

Arch Insurance Europe has completed the acquisition of the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting [Geo] operating segment. The acquired business, which generated more than £150 million of Gross Written Premium in 2017, will become the newly formed Arch UK Regional Division, focused on commercial property,... Read more of this article

Enstar Completes Maiden Re Acquisition

Enstar Completes Maiden Re Acquisition

Enstar Group Limited announced that one of its wholly-owned subsidiaries completed a previously announced transaction to acquire Maiden Reinsurance North America Inc.  from a subsidiary of Maiden Holdings Ltd. Maiden Re North America is a diversified insurance company domiciled in Missouri that provides property and casualty treaty reinsurance, casualty... Read more of this article

LVMH To Acquire Belmond In $2.6 Billion Deal

LVMH To Acquire Belmond In $2.6 Billion Deal

LVMH Moët Hennessy Louis Vuitton will acquire Bermuda-domiciled luxury hotel company Belmond in a deal worth some $2.6 billion. The announcement said, “LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group and Belmond Ltd.,owners, part-owners or managers of 46 luxury hotel, restaurant, train and river cruise properties, today jointly... Read more of this article

AXA XL Acquires All Interests In New Ocean

AXA XL Acquires All Interests In New Ocean

AXA XL’s Reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Limited. New Ocean is now a wholly-owned subsidiary within AXA XL’s Alternative Capital business, under the leadership of Daniel Brookman, AXA XL’s Head of Alternative... Read more of this article

Arch Insurance To Acquire McNeil & Co.

Arch Insurance To Acquire McNeil & Co.

Arch Capital Group Ltd. has entered into a definitive agreement to acquire McNeil & Co. [McNeil], a nationwide leader in specialized risk management and insurance programs headquartered in Cortland, New York. Terms of the transaction were not disclosed. “McNeil is a great fit for Arch and solidifies a program relationship that dates back to Arch’s... Read more of this article

Monument Re Completes Acquisition Of Aspecta

Monument Re Completes Acquisition Of Aspecta

Bermuda based re/insurer Monument Re has completed the acquisition of Aspecta following receipt of regulatory approval by the Commissariat aux Assurances [CAA], with Aspecta no renamed as Monument Assurance Luxembourg. Manfred Maske, CEO of Monument Re Group, said: “We are pleased to announce the regulatory approval from the Commissariat aux Assurances... Read more of this article

M&A Transaction Value Doubled In First Half

M&A Transaction Value Doubled In First Half

According to a report released by law firm Appleby, the “total value of M&A transactions in Bermuda more than doubled in the first half of 2018 when compared to the final six months of the previous year.” The law firm said, “The total value of M&A transactions in Bermuda more than doubled in the first half of 2018 when compared... Read more of this article

Marsh & McLennan To Buy JLT For $5.7 Billion

Marsh & McLennan To Buy JLT For $5.7 Billion

Marsh & McLennan announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group [JLT] for $5.7 billion. “The transaction has been approved by the Board of Directors of each of MMC and JLT. Under the terms of the transaction, holders of JLT’s common shares will receive cash consideration of £19.15 pounds per share,”... Read more of this article

AXA Has Completed Acquisition Of XL Group

AXA Has Completed Acquisition Of XL Group

AXA today [Sept 12] announced that it has completed the acquisition of XL Group Ltd. “The completion of the transaction follows the fulfillment of customary closing conditions, including approval by XL Group shareholders and obtention of all necessary regulatory approvals,” the company saud. “XL Group, a premier specialty and large... Read more of this article

AXA Get Regulatory Approval For XL Acquisition

AXA Get Regulatory Approval For XL Acquisition

AXA S.A. announced that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group Ltd previously announced on March 5, 2018. The acquisition is expected to close on September 12, 2018, pending the satisfaction of the remaining customary closing conditions. Related StoriesAXA Has Completed Acquisition... Read more of this article

BEST Shipping Acquires Bermuda Forwarders

BEST Shipping Acquires Bermuda Forwarders

BEST Shipping Ltd. and Joe Vieira Trucking Ltd. announced the “acquisition of Bermuda Forwarders, an established member of the shipping and haulage business in Bermuda for over 60 years” saying that “now, with over 100 years of combined experience, the team at BEST Shipping promises its customers enhanced products and services.” Mr.... Read more of this article

Enstar To Acquire Maiden Re North America

Enstar To Acquire Maiden Re North America

Enstar Group announced today [Aug 31] that one of its wholly owned subsidiaries has entered into a definitive agreement to acquire Maiden Reinsurance North America, Inc. from a subsidiary of Maiden Holdings, Ltd. “Maiden Re North America is a diversified insurance company domiciled in Missouri that provides property and casualty treaty reinsurance,... Read more of this article