Hashtag: #BusinessMergers
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
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 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 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
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
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
R&Q Acquires Vigneron Insurance Company
Randall & Quilter Investment Holdings Ltd. [R&Q] has acquired the Montana captive insurer, Vigneron Insurance Company Inc. [VICI] from a wholly owned private investment holding company. “VICI underwrote deductible reimbursement policies to cover the obligations under insurance policies taken out by affiliated entities,” the company... Read more of this article
Randall & Quilter Acquires Barbados Insurer
Randall & Quilter Investment Holdings Ltd. [R&Q] announced that its wholly-owned subsidiary R&Q Re [Bermuda] Limited has completed the acquisition of the Barbados insurer, Distinguished Re Ltd, formerly known as the Saranac Insurance Company, Ltd., a wholly owned subsidiary of Distinguished LLC. A spokesperson said, “Distinguished... Read more of this article
Monument Re Acquires Cattolica Life
Monument Re announced that, subject to regulatory approval, it has acquired Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. The transaction will have no impact on Cattolica Life DAC clients and policyholders. Change of control of the company will follow satisfaction... Read more of this article
Carlyle Group, T&D Acquire 76% Of Fortitude
American International Group, Inc., The Carlyle Group and T&D Holdings announced that a newly created Carlyle-managed fund, together with T&D, have partnered to acquire from AIG a 76.6 percent ownership interest in Fortitude Group Holdings, whose group companies operate as Fortitude Re, for approximately $1.8 billion. “After closing, ownership... Read more of this article
Artex Completes Purchase: Horseshoe Insurance
Artex Risk Solutions has completed the purchase of Horseshoe Insurance Services Holdings Ltd, saying “this acquisition significantly strengthens its insurance-linked securities [ILS] operations and furthers the company’s goal to become the best service provider to the world’s risk capital.” “Horseshoe will become the global brand... Read more of this article
Artex To Acquire Horseshoe Insurance
Artex Risk Solutions announced that it has reached agreement to acquire Horseshoe Insurance Services Holdings Ltd., significantly strengthening its insurance-linked securities [ILS] operations. The transaction is subject to regulatory approval and expected to complete before the end of the year. Horseshoe specializes in providing insurance management,... Read more of this article
Monument Re Completes Acquisition Of Inora Life
Monument Re announced that it has, through its European subsidiary Laguna Life d.a.c, completed the acquisition of Inora Life DAC from Societe Generale following receipt of regulatory approval from the Central Bank of Ireland. Monument Re Limited is a Class E reinsurer and Holding Company subject to Group Supervision by the Bermuda Monetary Authority.... Read more of this article
Arch To Acquire Ventus Risk Management
Arch Insurance North America [Arch] announced it has entered into a definitive agreement to acquire Ventus Risk Management [Ventus], a technology and analytics-driven managing general underwriter [MGU] that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventus was founded in 2016, with the... Read more of this article
Assured Guaranty To Acquire BlueMountain
Assured Guaranty – a publicly traded Bermuda-based holding company — has entered into an agreement to purchase all of the outstanding equity interests in BlueMountain Capital Management, LLC and its associated entities for a purchase price of approximately $160 million, subject to certain adjustments. BlueMountain is an alternative asset... Read more of this article
Arch Capital To Acquire Barbican Group Holdings
Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Limited from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The acquisition includes Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Lloyd’s Syndicate 1856 [Arcus], Lloyd’s Special... Read more of this article
