Hashtag: #BusinessMergers
Elliott To Acquire Controlling Interest In Aeolus
Bermuda-based Aeolus Capital Management Ltd. [ACM] has reached an agreement in principle pursuant to which Elliott Management Corporation [Elliott], through an affiliate, will acquire a controlling interest in ACM and its affiliated entities. The transaction is subject to the completion of definitive documentation and regulatory approval and is expected... Read more of this article
Aspen Insurance Acquire Blue Waters Insurers
Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Limited, has acquired Blue Waters Insurers, Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist Marine Managing General Agency. The company was founded in 2007 and is highly respected for its product and policy design and development services,... Read more of this article
Logic, CellOne Combine: ‘One Communications’
CellOne and Logic have today revealed the unified brand that will represent the two companies – One Communications. “The name marks an exciting new beginning, as millions of dollars will be invested in hundreds of miles of super-fast fibre optic cabling across the Island, a much improved TV experience and increased staffing and training... Read more of this article
Ironshore Bolsters M&A Unit With Mandarin
Bermuda-based Ironshore International has enhanced the language capabilities of its Mergers & Acquisitions unit with insurance documents and services offered in Mandarin. Ironshore developed a suite of marketing materials and policy forms produced in Mandarin to assist Chinese companies in understanding the value of insurance coverage for in-country... Read more of this article
PartnerRe Acquires Aurigen Capital Limited
PartnerRe Ltd. and Aurigen Capital Limited announced a definitive agreement for PartnerRe to acquire 100% of the outstanding ordinary shares of Aurigen, a North American life reinsurance company. Since its formation in 2007, Aurigen has leveraged its technical expertise, longstanding relationships, and local knowledge to serve clients and is today a... Read more of this article
Catalina Closes Acquisition Of AGF Insurance
Catalina Holdings [Bermuda] Ltd announces that its wholly owned subsidiary Catalina Holdings UK Limited has completed its acquisition of AGF Insurance Limited [AGF] from a subsidiary of Allianz SE, following approval from the Prudential Regulation Authority, the UK insurance regulator. AGF is a UK regulated insurance company incorporated in 1960. It... Read more of this article
Fitch: Conditions Ripe For Reinsurance M&A
Two deals announced last week point to a resurgence in reinsurance M&A following a drop in valuation multiples and as firms seek diversification and scale in a tough market, Fitch Ratings says. “Reinsurance M&A stalled this year after a spike in valuations, with several transactions pricing at around 2x book value and probably putting... Read more of this article
‘No Changes’ Anticipated At Blue Capital Global
In a filing with the Bermuda Stock Exchange, Blue Capital Global Reinsurance Fund Limited said they do “not anticipate any changes in the management of Blue Capital” following the announcement that Endurance will be acquired by Sompo Holdings. The filing stated, “The Company’s Board of Directors reports that Endurance Specialty... Read more of this article
Assured Guaranty To Acquire MBIA UK Insurance
Bermuda-based Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty], announced that its subsidiary Assured Guaranty Corp. [AGC] has entered into an agreement to acquire MBIA UK Insurance Limited [MBIA UK], the European operating subsidiary of MBIA Insurance Corporation [together with its subsidiaries, MBIA]. The parties expect the... Read more of this article
Logic, CellOne Joining Together With New Name
[Written by Don Burgess] Logic and CellOne are about to get a new name. The two firms have become one and as part of their new branding will come a new name to operate under. The telecommunications giant said in an ad that people should “stay tuned for more info in the coming weeks.” This comes as the company was under fire from customers for service... Read more of this article
Cosmic Joins Forces With The Foundation
The Foundation has merged with Cosmic Ltd, and both companies will continue to trade as Cosmic Ltd, offering a service across branding, marketing, advertising, website development and support. “The merger has allowed Cosmic Ltd to strengthen its online services offering by expanding its Web Design, Development, Hosting and Management services,”... Read more of this article
Randall & Quilter Completes Acquisition Of SAC
Randall & Quilter Investment Holdings Ltd. [R&Q] announced the acquisition of Agency Program Insurance Company [SAC] Limited from its diverse base of predominately individual shareholders. APIC is registered as a Class 3 insurer and was incorporated under the laws of Bermuda on January 4, 2005. “The Company, which currently has 28 cells,... Read more of this article
