Hashtag: #BusinessMergers
Minimax Takes Over Island Shippers Client Base
Minimax Forwarders Limited has taken over the small package delivery and shipping client base of Island Shippers Ltd. A spokesperson said, “Effective immediately, Minimax Forwarders Limited has taken over the small package delivery and shipping client base of Island Shippers Ltd. There will be no interruption in service to Island Shipper’s clients,... Read more of this article
Butterfield Complete Acquisition Of ABN AMRO
The Bank of Butterfield has completed the acquisition of ABN AMRO [Channel Islands] Limited [ABN AMRO CI], the Channel Islands-based banking subsidiary of ABN AMRO Bank N.V., following receipt of all regulatory approvals. Effective today, ABN AMRO CI has been renamed Butterfield Bank [Channel Islands] Limited [BBCI]. Over the next 12 months, Butterfield... Read more of this article
Monument Re Completes Acquisition Of Nordben
Monument Re has completed the acquisition of Nordben Life and Pension Insurance Co. Limited [Nordben] from BenCo Insurance Holding B.V., following receipt of regulatory approval from the Guernsey Financial Services Commission [GFSC]. Manfred Maske, CEO of Monument Re Group, said: “The completion of this transaction positions the Monument Group well... Read more of this article
Argus Acquires FirstUnited Insurance Brokers
The Argus Group has just announced its intention to acquire FirstUnited Insurance Brokers Limited [FirstUnited], an insurance brokerage firm that provides professional insurance broking services to individuals and businesses in Malta. The transaction is subject to receipt of all regulatory approvals. “For many years the Argus Group has successfully... Read more of this article
Butterfield Bank To Acquire ABN AMRO Limited
In a filing with the Bermuda Stock Exchange [BSX], the Bank of Butterfield announced it has entered into a definitive agreement to acquire a Channel Islands-based banking business. The filing stated: “The Bank of N.T. Butterfield & Son Limited, a leading offshore bank and trust company headquartered in Bermuda with significant operations in... Read more of this article
Carey Olsen Firm Advises MMC On Acquisition
A cross-jurisdictional Carey Olsen team has advised Marsh & McLennan Companies, Inc. [MMC] on its acquisition of Jardine Lloyd Thompson Group plc for US$5.6 billion in fully diluted equity value. The acquisition, which was first announced in September 2018, has now completed and advances MMC’s leadership position in insurance and reinsurance... Read more of this article
Monument Re Acquires Portfolio From Rothesay
Monument Re announced that it has entered into an agreement to acquire the €140m portfolio of Irish annuities from Rothesay Life Plc. The acquisition has been structured initially as reinsurance to Monument Re and is expected to be followed by a Part VII transfer of the portfolio to Laguna Life d.a.c., subject to regulatory and court approvals. Manfred... Read more of this article
Monument Re Completes Acquisition Of Robein
Monument Re has completed the acquisition of Robein Leven N.V. and its subsidiaries following receipt of regulatory approval by the De Nederlandsche Bank [DNB]. Manfred Maske, CEO of Monument Re Group, said: “We are pleased to announce the regulatory approval from the De Nederlandsche Bank and the completion of our acquisition of Robein in the Netherlands.... Read more of this article
RenaissanceRe Completes Acquisition Of TMR
RenaissanceRe Holdings Ltd. today [March 22] announced that it has concluded its acquisition of Tokio Millennium Re [TMR]. The acquisition was originally announced on October 30, 2018 and the completion follows the receipt of all necessary regulatory approvals. Kevin J. O’Donnell, President and Chief Executive Officer of RenaissanceRe, said: “The... Read more of this article
Video: Polaris Acquires East End Asphalt
[Updated] Polaris Holding Company is holding a press conference this morning [March 15] to announce a new business matter. We will have additional coverage later on and in the meantime the live video is below. Update: The live broadcast has concluded and the 21-minute replay is below Update 10.30am: Polaris Holding Company announced the acquisition... Read more of this article
Apex Group Acquires Atlantic Fund Services
Apex Group Ltd. announced the acquisition of Atlantic Fund Services, a US-based fund administrator serving the traditional and alternative mutual fund market. Apex is a portfolio company of Genstar Capital. “The acquisition adds a further $12 billion in assets under administration to the Group’s portfolio and is a strong strategic fit for Apex’s... Read more of this article
Carey Olsen Advise Apex On Beacon Acquisition
A corporate team from Carey Olsen Bermuda advised Apex Group on its purchase of Beacon Fund Services [Bermuda] Ltd., Beacon Corporate Services [Bermuda] Ltd. and Beacon Management Limited. The acquisition of Beacon, a well-established Bermuda-based fund administrator, adds further weight to Apex’s hedge fund administration, corporate services... Read more of this article
Apex Group Announces Acquisition Of Beacon
Apex Group Ltd., the world’s fifth largest fund administrator, and Genstar Capital jointly announced the acquisition of Beacon Fund Services [Bermuda] Ltd, Beacon Corporate Services Ltd and Beacon Management Ltd [Beacon]. “The acquisition of Beacon, a well-established Bermuda-based fund administrator, adds further weight to Apex’s hedge fund... Read more of this article
Apex Successfully Closes Ipes Acquisition
Apex Group Ltd. has completed the successful closing of the acquisition of private equity administrator Ipes, adding $165 billion in assets under administration to the Group’s portfolio. “The addition of the Ipes business further strengthens Apex’s breadth of service and expertise in the private equity space while also solidifying its position... Read more of this article
Apex Adds Corporate Services Capabilities
Bermuda-based Apex Group and Genstar Capital jointly announced the acquisition of the Corporate and Private Client Services [CPCS] and Throgmorton businesses of Link Group’s Asset Services division. “The acquisition increases Apex’s global assets under administration [AUA] to nearly $600 billion,” the announcement said. “The acquisition... Read more of this article
Premia Acquires Public Service Insurance
Premia Holdings has acquired Public Service Insurance Company [PSIC] and its wholly-owned subsidiary Western Select Insurance Company [WSIC] from the Director of the Illinois Department of Insurance, acting in her capacity as statutory and court affirmed Rehabilitator for Public Service Insurance Company [Rehabilitator]. “In this groundbreaking... Read more of this article
