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Third Point Re & Sirius Group To Combine

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 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 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

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 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 StoriesArch Re Acquire Majority Stake... Read more of this article

Peak Re Complete Lutece Holdings Acquisition

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 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

Multi-Strat Enters Agreement With Canopius

Multi-Strat Enters Agreement With Canopius

Multi-Strat Holdings said they are pleased to announce a majority acquisition of the company by Canopius Group Limited [Canopius]. “Canopius is a global specialty [re]insurer headquartered in London. One of the top five businesses at Lloyd’s, Canopius writes in excess of $2bn premium annually. The Group is domiciled in Jersey and operates in... Read more of this article

Covéa Set To Buy PartnerRe In $9 Billion Deal

Covéa Set To Buy PartnerRe In $9 Billion Deal

EXOR has entered into an MoU with French insurer Covéa in which they will acquire Bermuda-based reinsurer PartnerRe for a “total cash consideration of $9.0 billion plus a cash dividend of $50 million. The company said, “EXOR, one of Europe’s largest, diversified family-controlled holding companies, announces that it has entered into a... Read more of this article

Arch Intends To Obtain Majority Stake In PMAP

Arch Intends To Obtain Majority Stake In PMAP

Arch Reinsurance has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific [PMAP]. The company said, “Arch Reinsurance [Arch Re], a wholly owned subsidiary of Arch Capital Group Ltd., has announced that it has entered into an agreement in principle to obtain a majority stake in Precision Marketing... Read more of this article

EXOR In ‘Discussions’ Over Possible Acquisition

EXOR In ‘Discussions’ Over Possible Acquisition

EXOR has confirmed that it has “entered into exclusive discussions” regarding a possible acquisition of PartnerRe. A statement on their website said, “EXOR confirms that it has entered into exclusive discussions with Covéa regarding a possible all-cash acquisition of PartnerRe. “These discussions are ongoing and there is no... Read more of this article

Ocorian And Estera Announce Merger

Ocorian And Estera Announce Merger

With the aim to “create a global leader in corporate and fiduciary services, fund administration and capital markets”, Ocorian and Estera announced that they will merge, with the enlarged business operating under the Ocorian name. A spokesperson said, “We are delighted to announce the combination of the Ocorian and Estera businesses... Read more of this article

IGI Receives Approval For Tiberius Deal

IGI Receives Approval For Tiberius Deal

International General Insurance Holdings Ltd. [IGI] announced that it has received regulatory approval from the Bermuda Monetary Authority in connection with its previously announced business combination with Tiberius Acquisition Corp. [Tiberius],  a publicly traded special purpose acquisition company. A spokesperson said, “This approval, received... Read more of this article