Hashtag: #BusinessMergers

Video: SiriusPoint Rings Opening Bell Of NYSE

Video: SiriusPoint Rings Opening Bell Of NYSE

Sid Sankaran, Chief Executive Officer and Chairman of SiriusPoint, rang the Opening Bell of the New York Stock Exchange on Tuesday March 16, to celebrate the formation of the company and its listing under the NYSE ticker symbol SPNT. The Bermuda-headquartered company was formed from the merger between Third Point Reinsurance Ltd. and Sirius International... Read more of this article

Arch Capital Enters Agreement With Westpac

Arch Capital Enters Agreement With Westpac

Arch Capital Group Ltd. has entered into a share purchase agreement with the Westpac Group to acquire Westpac Lenders Mortgage Insurance Limited [WLMI]. A spokesperson said, “The Global Mortgage Group of Arch Capital Group Ltd. has entered into a share purchase agreement with the Westpac Group [Westpac] to acquire Westpac Lenders Mortgage Insurance... Read more of this article

Apollo, Athene To Merge In All-Stock Transaction

Apollo, Athene To Merge In All-Stock Transaction

Apollo and Athene have entered into an agreement to merge in an all-stock transaction that “implies a total equity value of approximately $11 billion for Athene,” it has been announced. A statement from Apollo said, “Under the terms of the transaction, each outstanding Class A common share of Athene will be exchanged for a fixed ratio... Read more of this article

DARAG Announces Acquisition Of SunPoint

DARAG Announces Acquisition Of SunPoint

DARAG announced the acquisition of SunPoint Holdings Limited in Bermuda and said that “SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further expansion.” “This is DARAG’s first company acquisition in Bermuda since the launch of its Bermuda operation in 2019 and provides the seller... Read more of this article

Monument Re & Athora Ireland Transaction

Monument Re & Athora Ireland Transaction

Monument Re announced today that, subject to necessary Irish High Court and regulatory approvals, it has agreed to acquire the closed-block portfolio of variable annuities from Athora Ireland plc, a wholly-owned subsidiary of Athora Holding Ltd. Financial terms of the transaction were not disclosed. “We are pleased to have reached agreement with Athora... Read more of this article

Apex Group Closes Acquisition Of GFin

Apex Group Closes Acquisition Of GFin

Apex Group Ltd. announced the final close of the acquisition of GFin Corporate Services Ltd. following regulatory approval from the Financial Services Commission. “GFin is a Mauritius based and licensed Management Company, providing fund administration services to institutional clients. Its integration into the Group enhances Apex’s long-established... Read more of this article

Monument Re & Charles Taylor Transaction

Monument Re & Charles Taylor Transaction

Monument Re announced that it has completed the acquisition of the Charles Taylor Group’s Isle of Man life and investment operations, following receipt of regulatory approval from the Isle of Man Financial Services Authority and non-objection from the Bermuda Monetary Authority. LCL International Life Assurance Company Limited has been renamed Monument... Read more of this article

Apex Announces Acquisition Of FundRock

Apex Announces Acquisition Of FundRock

Apex Group Ltd. announced the final close of the acquisition of FundRock Management Company SA and FundRock Partners Ltd  following full regulatory approvals. A spokesperson said, “The FundRock brand will be retained, and will operated as a subsidiary of parent, Apex Group. FundRock’s clients will now benefit from Apex’s long-established... Read more of this article

Apex Group To Acquire GFin Corporate Services

Apex Group To Acquire GFin Corporate Services

Apex Group Ltd., a global financial services provider, announced the planned acquisition of GFin Corporate Services Ltd. [GFin]. A spokesperson said, “Apex Group Ltd., a global financial services provider, announced today the planned acquisition of GFin Corporate Services Ltd. [GFin]. GFin is a Mauritius based and licensed management company, providing... Read more of this article

Sompo International Holdings Acquire W. Brown

Sompo International Holdings Acquire W. Brown

Sompo International Holdings has acquired W. Brown & Associates Insurance Services. A spokesperson said, “Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that it has acquired W. Brown & Associates Insurance Services [W. Brown] the aviation industry’s... Read more of this article

Ares, Aspida Confirm Closing Of F&G Acquisition

Ares, Aspida Confirm Closing Of F&G Acquisition

Ares Management Corporation and Aspida Holdings confirmed the completion of Aspida’s previously announced acquisition of F&G Reinsurance from FGL Holdings. A spokesperson said, “Ares Management Corporation [Ares] and its indirect subsidiary Aspida Holdings Ltd. [Aspida] jointly announced today the completion of Aspida’s previously announced... Read more of this article

Apex Group Acquires Transfer Agency IASL

Apex Group Acquires Transfer Agency IASL

Apex Group Ltd. announced the acquisition of transfer agency business, Investor Administration Solutions Limited [IASL]. A spokesperson said, “The acquisition of IASL, from parent company Professional Partners Administration Limited [PPAL], complements Apex’s existing advanced transfer agency platform and integrates an experienced team of transfer... Read more of this article

AmWINS To Acquire Bermuda-Based ISBL

AmWINS To Acquire Bermuda-Based ISBL

AmWINS Group Inc. signed a definitive agreement to acquire International Specialty Brokers Limited [ISBL], a Bermuda-based P&C wholesale insurance/reinsurance broker. “We are excited to partner with Alan Waring, Alan Mooney and the entire ISBL team,” said Scott M. Purviance, Chief Executive Officer of AmWINS. “With their comprehensive access... Read more of this article