Hashtag: #BusinessMergers
Argo Announces Agreement To Sell Ariel Re
Argo Group International Holdings Ltd. today [Nov 2] announced an agreement to sell its reinsurance business, Ariel Re, to Pelican Ventures and J.C. Flowers & Co. Closing of the transaction is subject to regulatory approval and is expected to occur in 2020. “Ariel Re is well known in the reinsurance market, and we are confident the business will... Read more of this article
Apex & Banco Modal Acquisition Transaction
Apex Group Ltd. has entered into an agreement to acquire Banco Modal’s Alternative Fund Administration business in Brazil. A spokesperson said, “Apex Group Ltd. [Apex], a global financial services provider, and Banco Modal S.A., a Brazilian financial institution [Banco Modal], announced jointly today that Apex will acquire Banco Modal’s Alternative... Read more of this article
Apex Group: Planned Acquisition Of FundRock
Apex Group Ltd., a global financial services provider, announced today the planned acquisition of FundRock Management Company SA and FundRock Partners Ltd. A spokesperson said, “This latest deal serves to reinforce Apex’s ability to deliver award-winning services on a global basis and complement the Group’s 2019 acquisition of Luxembourg-based... Read more of this article
Meritus Trust Acquires Lepercq Corporation
Meritus Trust Company Limited has acquired all of the shares in Lepercq Corporation Management and its direct subsidiary, Lepercq Corp. Services Co. Ltd. A spokesperson said, “Meritus Trust Company Limited [Meritus], a premier boutique Bermuda trust and corporate service provider company, has acquired all of the shares in Lepercq Corporation Management... Read more of this article
White Mountains To Acquire Part Of Ark Insurance
White Mountains Insurance Group, Ltd. has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd, the ultimate parent company of Ark Syndicate Management Limited. A spokesperson said, “Ark is a leading Lloyd’s platform well positioned to take advantage of the hardening... Read more of this article
SRS To Acquire Dyna Management Services
Strategic Risk Solutions has announced that it has reached an agreement to acquire the operations of Dyna Management Services Ltd. A spokesperson said, “Strategic Risk Solutions [SRS] today announced that it has reached agreement to acquire the operations of Dyna Management Services Ltd. [Dyna], a leading independently owned insurance management... Read more of this article
Sompo To Acquire Diversified Crop Insurance
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that it will acquire Diversified Crop Insurance Services [Diversified], a subsidiary of CGB Enterprises, Inc. [CGB]. The addition of Diversified to Sompo International’s existing global AgriSompo platform, which already... Read more of this article
Monument Re, Charles Taylor Group Transaction
Monument Re announced that, subject to regulatory approval, it has agreed to acquire Charles Taylor Group’s Isle of Man operations. which principally comprises its life insurance company, LCL International Life Assurance Company Limited and Charles Taylor Holdings [IOM] Limited. Manfred Maske, CEO of Monument Re Group, said: “We are very pleased... Read more of this article
Randall & Quilter To Acquire Inceptum Insurance
Randall & Quilter Investment Holdings Ltd. [R&Q] announced that it has signed an agreement to acquire Inceptum Insurance Company Limited. A spokesperson said, “Randall & Quilter Investment Holdings Ltd. [R&Q] is pleased to announce that its wholly owned subsidiary, Randall & Quilter II Holdings Limited, has signed an agreement... Read more of this article
Third Point Re & Sirius Group To Combine
Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd. have “entered into a definitive agreement to combine in a cash and stock transaction.” A spokesperson said, “Third Point Reinsurance Ltd. [Third Point Re], a specialty reinsurer, and Sirius International Insurance Group, Ltd. [Sirius Group], a global multi-line... Read more of this article
Arch Re Acquire Majority Stake In PMAP
Arch Reinsurance announced that it has completed its previously announced acquisition of a majority stake in Precision Marketing Asia Pacific [PMAP], with the acquisition increasing distribution in the Asia-Pacific market. A spokesperson said, “The Arch Worldwide Reinsurance Group [Arch Re], part of Arch Capital Group Ltd., today announced that... Read more of this article
Monument Re Acquires Cattolica Life DAC
Monument Re announced that it has completed the acquisition of Cattolica Life DAC from Cattolica Assicurazioni following receipt of regulatory approval from the Central Bank of Ireland and no-objection from the Bermuda Monetary Authority. “Cattolica Assicurazioni is one of the main players on the Italian insurance market and the only cooperative... Read more of this article
Carlyle Group & T&D Acquire 76% Of Fortitude
The Carlyle Group & T&D Holdings have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from American International Group, Inc. A spokesperson said, “The Carlyle Group & T&D Holdings announced today that they have completed their acquisition of a 76.6% interest... Read more of this article
Monument Re Acquires GreyCastle Holdings
Monument Re announced that it has completed the acquisition of GreyCastle Holdings Ltd. [GreyCastle] and its subsidiaries, which include GreyCastle Life Reinsurance [SAC] Ltd. and GreyCastle Services Ltd., following receipt of regulatory approval from the Bermuda Monetary Authority. Related Stories Northlight Acquires Carrick Group Limited ESC &... Read more of this article
Peak Re Complete Lutece Holdings Acquisition
Peak Reinsurance Company Limited today [May 5] announced that it has completed the 100% acquisition of the capital of Lutece Holdings Ltd. A spokesperson said, “Peak Reinsurance Company Limited, a Hong Kong-based global reinsurer, today announced that it has completed the 100% acquisition of the capital of Lutece Holdings Ltd. [renamed as Peak... Read more of this article
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
