Hashtag: #BusinessMergers

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

Markel Corporation To Acquire Nephila Holdings

Markel Corporation To Acquire Nephila Holdings

Markel Corporation and Nephila Holdings Limited announced today that they have entered into a definitive agreement for Markel to acquire all of the outstanding shares of Nephila. “Nephila is the pre-eminent insurance-linked securities manager in the world. Nephila brings deep and long-term investor relationships, tremendous energy, creativity... Read more of this article

Apollo To Acquire Aspen Insurance For $2.6B

Apollo To Acquire Aspen Insurance For $2.6B

Aspen Insurance Holdings announced today [Aug 28] that they have “entered into a definitive agreement under which Aspen will be acquired by the Apollo Funds.” Under the terms of the agreement, which has been approved by Aspen’s Board of Directors, the Apollo Funds will acquire all of the outstanding shares of Aspen for $42.75 per share... Read more of this article

Starr Acquires Aspen’s Aviation Operation

Starr Acquires Aspen’s Aviation Operation

Starr Insurance Companies has entered into an agreement to acquire the renewal rights of Aspen Insurance’s aviation business. “The value of the aviation book is estimated to be in excess of $50 million in gross written premiums,” the company said. “In conjunction with this agreement, Starr will also manage all underwriting and claims... Read more of this article

Bermuda Forwarders, BEST Shipping Join Forces

Bermuda Forwarders, BEST Shipping Join Forces

Bermuda Forwarders has agreed the sale of its freight business to BEST Shipping, with the company saying “both parties believe that their collective strengths will create a stronger team and provide their clients and improved all-around shipping experience. “Bermuda Forwarders Ltd. is thankful that after more than 60 years in the business... Read more of this article

Apex Successfully Closes Deutsche Acquisition

Apex Successfully Closes Deutsche Acquisition

Apex Group Ltd. has completed the acquisition of Deutsche Bank Alternative Fund Services [Deutsche Bank AFS]. “Adding $170 billion in assets under administration to the Group’s portfolio, the successful final close of the deal has solidified Apex as one of the world’s largest fund administrators,” the company said. “First... Read more of this article

Apex Group Announces Acquisition Of Ipes

Apex Group Announces Acquisition Of Ipes

Apex Group and Genstar Capital jointly announced the acquisition of Ipes, a leading provider of fund administration and other services to the private equity sector. “Adding $165 billion in assets under administration to the Group’s portfolio, this acquisition will bolster Apex’s private equity capabilities and depositary services across... Read more of this article

XL Group Approve Merger Agreement With AXA

XL Group Approve Merger Agreement With AXA

In a filing with the Bermuda Stock Exchange [BSX], XL Group Ltd announced shareholders’ approval of the Merger Agreement with AXA. The filing stated: “XL Group Ltd announced today that its common shareholders have approved an agreement for AXA to acquire 100% of XL Group. “Total consideration for the planned acquisition would amount to approximately... Read more of this article

Sompo Completes Acquisition Of Lexon Surety

Sompo Completes Acquisition Of Lexon Surety

Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has completed the acquisition of the operating subsidiaries of Lexon Surety Group LLC, which was first announced on January 3, 2018. Lexon, the second largest independent surety insurer in the U.S., is comprised of Lexon Insurance Company,... Read more of this article

Bacardi Completes Acquisition Of Patrón

Bacardi Completes Acquisition Of Patrón

Bermuda-headquartered Bacardi Limited announced the completion of a transaction that makes the family-owned company the sole owner of Patrón Spirits International AG and its Patrón brand, the world’s top-selling super-premium tequila. “The transaction, which was announced in late January, closed today and follows a successful relationship... Read more of this article

Athora Holding To Acquire Generali Belgium

Athora Holding To Acquire Generali Belgium

Athora Holding will acquire Generali Belgium S.A., the Belgium-based subsidiary of international insurance group Assicurazioni Generali S.p.A. Cash consideration for the transaction will be approximately €540 million. The company said, “”Generali Belgium is today the 11th largest insurer in Belgium providing a broad set of insurance solutions... Read more of this article

Argo Group Announces Acquisition Of Ariscom

Argo Group Announces Acquisition Of Ariscom

Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, today [March 13] announced it has acquired Italian specialty insurer Ariscom. Effective immediately, Matt Harris, head of ArgoGlobal’s European and Asian operations, will assume the role of Ariscom Managing Director. “Ariscom provides... Read more of this article