Hashtag: #BusinessMergers
Arch Capital Closes Acquisition Of Westpac
Arch Capital Group Ltd. announced the completion of the previously disclosed acquisition of Westpac Lenders Mortgage Insurance Limited [WLMI]. A spokesperson said, “Arch Capital Group Ltd. announced the completion of the previously disclosed acquisition of Westpac Lenders Mortgage Insurance Limited [WLMI], an Australian Prudential Regulation Authority... Read more of this article
Arch Closes Acquisition Of Somerset Bridge
Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced the completion of the previously disclosed acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates. Arch Re originally announced its plan to acquire Somerset on June 23, 2021. “We are pleased to complete this transaction,” said William Soares,... Read more of this article
Athene To Acquire Foundation Home Loans
Athene Holding Ltd has entered into a definitive agreement to acquire Foundation Home Loans, a specialist UK mortgage lender from funds managed by affiliates of Fortress Investment Group LLC. A spokesperson said, “Athene Holding Ltd. [Athene], an industry-leading financial services company focused on retirement savings solutions, today announced... Read more of this article
Arch Capital Closes Acquisition Of Watford
Arch Capital Group Ltd. along with investment partners Kelso & Company and Warburg Pincus, announced the completion of the previously disclosed acquisition of Watford Holdings Ltd. The company said, “Watford and Arch originally announced the signing of a definitive merger agreement on Nov. 2, 2020, through an affiliated entity of which Arch... Read more of this article
Monument Assurance To Acquire AMELL
Monument Re announced today subject to necessary regulatory approval, Monument Assurance Luxembourg will acquire AME Life Luxembourg [AMELL] from French Mutual Insurance Group Covéa. A spokesperson said, “AMELL is a well-established Luxembourg-based life insurance company with market presence in Luxembourg, Belgium and Italy. Financial terms... Read more of this article
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 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 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 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 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 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 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
