Hashtag: #BusinessMergers
Artex Acquires Frontier Financial Services
Arthur J. Gallagher & Co. announced that its captive and alternative risk transfer solutions subsidiary, Artex, has acquired Bermuda-based Frontier Financial Services Limited. A spokesperson said, “Frontier is a management firm specializing in consulting, recruitment, business services and immigration services to reinsurance and insurance-linked... Read more of this article
Monument Re Acquires Portfolio From Federale
Monument Re announced today that its Belgian subsidiary Monument Assurance Belgium has completed the acquisition of a run-off block of retail life policies, annuities and associated assets from Federale Verzekering [Federale]. Koen Depaemelaere, CEO of Monument Assurance Belgium stated that “We are pleased to have completed this transaction with Federale... Read more of this article
RenaissanceRe To Acquire Validus Reinsurance
Renaissancere Holdings announced it has “entered into a definitive agreement with American International Group, Inc., whereby RenaissanceRe will acquire AIG’s treaty reinsurance business, which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd. and its managed funds, and all renewal rights to the Assumed... Read more of this article
Arch Insurance Acquires Thimble
Arch Insurance announced it has acquired Thimble, a leading insurtech platform for small business customers and agents. A spokesperson said, “Thimble enables small businesses to quickly get insurance coverage by the job, month or year using its award-winning app, website, or over the phone. “The acquisition expands Arch’s suite of digital... Read more of this article
Clarien Acquires Omnium Group Of Companies
Clarien Bank Limited has signed an agreement to acquire Omnium Trust Company Limited [Omnium Trust] and Omnium Corporate Services Limited [Omnium Corporate Services], a boutique practice offering quality trust and corporate administration services. A spokesperson said, “The terms of the acquisition, which strengthens Clarien’s aspiration to be Best... Read more of this article
Apex Group Acquires Efficient Group
Apex Group Ltd., a global financial services provider, announced the planned acquisition of Efficient Group Ltd. A spokesperson said, “Efficient is the holding company of Boutique Collective Investments [RF] [Pty] Ltd [BCI] and Boutique Investment Partners [Pty] Ltd [BIP] and following the completion of the acquisition, Efficient Group [Pty] Ltd will... Read more of this article
IGI Announces Completion Of EIO Acquisition
International General Insurance Holdings Ltd. [IGI] announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS [EIO]. A spokesperson said, “The transaction included the acquisition of all outstanding shares of EIO. The entity, which is expected to be renamed IGI Nordic AS [IGI Nordic], is a subsidiary... Read more of this article
West Hamilton: Agreement & Plan Of Merger
West Hamilton Holdings Limited has “entered into an agreement and plan of merger with Princess West Limited which will result in the sale of 69 and 71 Pitts Bay Road, representing approximately 86 percent of the Company’s property assets. The filing said, “In a filing with the Bermuda Stock Exchange West Hamilton Holdings Limited, is pleased... Read more of this article
Essent To Acquire Title Insurance Operations
Essent Group Ltd. announced that it has entered into an agreement through its subsidiary Essent US Holdings, Inc. to acquire Agents National Title Holding Company and Boston National Holdings LLC from Incenter LLC, a subsidiary of Finance of America Companies Inc. for $100 million. A spokesperson said, “Agents National Title, based in Missouri,... Read more of this article
Cohort Merges With BM Corporate Services
Cohort Limited, which is a licensed corporate service provider, announced the merger with BM Corporate Services Ltd effective 3rd January 2023. The combined entity will trade and operate as Cohort Limited. Tracy Packwood, Director, Cohort Limited stated, “We are delighted to merge Cohort Limited and BM Corporate Services Ltd. We remain a manager-owned... Read more of this article
Apex To Acquire Irish Depositary Business
Apex Group announced the planned acquisition of Bank of America Custodial Services [Ireland] Limited, the Irish depositary business of Bank of America. A spokesperson said, “Apex Group Ltd. [Apex], a global financial services provider, announces today the planned acquisition of Bank of America Custodial Services [Ireland] Limited [BACSIL], the... Read more of this article
Seadrill Limited To Acquire Aquadrill
Seadrill Limited and Aquadrill LLC announced that they have entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. A spokesperson said, “Upon completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively, of the outstanding common shares... Read more of this article
Monument Re Complete Acquisition From Zurich
Monument Re announced today that its Isle of Man subsidiary Monument International Life Assurance Company Limited [MILAC] has completed the acquisition of the closed book portfolio of Zurich International Life Limited’s [ZILL] Singapore long term life insurance business. A spokesperson said, “The ZILL Singapore branch portfolio and employees... Read more of this article
Somers Announce Shareholders Approve Merger
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced the “shareholder approval of merger with SNB Investments.” The full filing stated: “Somers Limited, a financial services investment holding company, announces that its Board of Directors has declared a dividend of $4.55 per share to be payable to shareholders of... Read more of this article
Somers Shareholder Approve Merger With SNB
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced that their shareholders “voted overwhelmingly” to approve the merger with SNB Investments Limited [SNB]. The full filing stated: “Somers Limited, a financial services investment holding company, is pleased to announce that further to the Company’s announcement... Read more of this article
Apex Announces Acquisition Of Context365
Apex Group Ltd. announced it has acquired the technology platform and conference business of Context365, “an established global provider of technology and events that connects alternative asset class investors with high quality asset managers.” A spokesperson said, “Context365 connects LPs and GPs through its software as a service [SaaS]... Read more of this article
