PEMBROKE, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or “the Company”) and Watford Holdings Ltd. (NASDAQ: WTRE) (“Watford”) today announced a revised definitive agreement under which Arch will acquire all of the common shares of Watford for an increased price of $35.00 per share. This revised all-cash consideration is valued at approximately $700 … [Read more...] about Arch Capital Group Ltd. and Watford Holdings Ltd. Enter into Revised Merger Agreement
Latest Transaction Notices
Fleming Re Acquisition of Sinclair Insurance Company
Fleming Re Holdings LLC (“Fleming Re”) signed an agreement to acquire, subject to regulatory approval, Sinclair Insurance Company (“Sinclair”). Sinclair was utilized to provide reinsurance to the primary insurers of certain casualty risks of affiliated companies. The acquisition provides the Shareholders of Sinclair with an exit solution allowing full legal finality, … [Read more...] about Fleming Re Acquisition of Sinclair Insurance Company
Arch Capital Group Ltd. to Acquire Watford Holdings Ltd. for $31.10 per Common Share in All-Cash Transaction
PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or “the Company”) and Watford Holdings Ltd. (NASDAQ: WTRE) (“Watford”) today announced they have entered into a definitive agreement under which Arch will acquire all the common shares of Watford in an all-cash transaction valued at approximately $622 million. Following closing, which is expected … [Read more...] about Arch Capital Group Ltd. to Acquire Watford Holdings Ltd. for $31.10 per Common Share in All-Cash Transaction
American Financial Group, Inc. Announces Agreement to Sell Run-off Lloyd’s-based Insurer, Neon
CINCINNATI--(BUSINESS WIRE)--Sep. 28, 2020-- American Financial Group, Inc. (NYSE: AFG) today announced that it has reached a definitive agreement to sell GAI Holding Bermuda and its subsidiaries, comprising the legal entities that own its Lloyd’s of London insurer, Neon, to RiverStone Holdings Limited (“RiverStone”). Upon closing of the sale, AFG expects release of all of its … [Read more...] about American Financial Group, Inc. Announces Agreement to Sell Run-off Lloyd’s-based Insurer, Neon
White Mountains Significantly Expand Capitalization of Ark Insurance Holdings; Will Acquire Majority Interest
HAMILTON, Bermuda, Oct. 1, 2020 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd, the ultimate parent company of Ark Syndicate Management Limited. Ark is a leading Lloyd's platform well positioned to take … [Read more...] about White Mountains Significantly Expand Capitalization of Ark Insurance Holdings; Will Acquire Majority Interest
Randall & Quilter Investment Holdings Ltd. Acquisition of The World Marine & General Insurance Company PLC
Randall & Quilter Investment Holdings Ltd. announces agreement to acquire The World Marine & General Insurance Company PLC subject to customary closing conditions and regulatory approval. READ ARTICLE HERE... … [Read more...] about Randall & Quilter Investment Holdings Ltd. Acquisition of The World Marine & General Insurance Company PLC
Aon and Willis Towers Watson Announce Shareholder Approval of Proposed Combination
DUBLIN, Aug. 26, 2020 -- Aon plc (“Aon”) (NYSE: AON) and Willis Towers Watson Public Limited Company (“Willis Towers Watson”) (NASDAQ: WLTW) today announced that their respective shareholders voted FOR all proposals at their respective extraordinary general meetings and at the special meeting of Willis Towers Watson shareholders ordered by the High Court of Ireland. Aon and … [Read more...] about Aon and Willis Towers Watson Announce Shareholder Approval of Proposed Combination
DARAG Completes Loss Portfolio Transfer Transaction with Hallmark Financial Services
DARAG has completed the Hallmark Financial Services transaction and the acquisition of a Bermuda class 3A reinsurance company. 13 August 2020 – DARAG, a leading legacy acquirer, today announced its North American division, DARAG North America, has closed the loss portfolio transfer transaction with Hallmark Financial Services within its newly established cornerstone North … [Read more...] about DARAG Completes Loss Portfolio Transfer Transaction with Hallmark Financial Services
Third Point Re and Sirius Group to Combind
Third Point Reinsurance Ltd., backed by U.S. hedge-fund manager Daniel Loeb, announces a merger with Sirius International Insurance Group Ltd. Notice SiriusPoint to be a Top-Tier Global Specialty (Re)Insurer Well-Positioned to Capitalize on Short and Long-Term Market Opportunities Transaction Expected to be Accretive in First Year After Close Experienced Insurance Executive … [Read more...] about Third Point Re and Sirius Group to Combind
DARAG Announces Acquisition of Arisa Assurances SA
DARAG, in a deal with ADAC Versicherung AG, acquires Arisa, an an automobile and travel insurance company based in Luxembourg. Notice 6 August 2020 – DARAG Group Limited (“DARAG”), a leading legacy acquirer, today announced the acquisition of Arisa Assurances SA (“Arisa”), an automobile and travel insurance company based in Luxembourg. The transaction will be conducted … [Read more...] about DARAG Announces Acquisition of Arisa Assurances SA
Randall & Quilter Announces Agreement to Merge Wholly Owned Subsidiary, Sandell Re Ltd. with Tradesman Program Managers, LLC.
Randall & Quilter Investment Holdings Ltd. merges wholly-owned subsidiary, Sandell Re Ltd. with Tradesman Program Managers, LLC. in return for a 35% interest in the combined entity. NOTICE Randall & Quilter Investment Holdings Ltd. (“R&Q” or the “Group”) is pleased to announce today that it has reached an agreement to merge its wholly-owned subsidiary, Sandell Re … [Read more...] about Randall & Quilter Announces Agreement to Merge Wholly Owned Subsidiary, Sandell Re Ltd. with Tradesman Program Managers, LLC.