Log In

Maiden Holdings’ sale of its US reinsurance unit to a subsidiary of fellow Bermudian company Enstar Group makes sense for both companies, according to investment research company Zacks. Maiden will receive net proceeds of $307.5 million for its Misso...

Bermudian-based Nephila Capital, the world’s largest manager of insurance-linked securities, has agreed to be bought out by US insurer Markel Corporation. Nephila has about $12.2 billion of assets under management and Markel indicated today that the ...

Private-equity firm Apollo Global Management has struck a $2.6 billion deal to buy Aspen Insurance Holdings Ltd. Rumours that the Bermudian-based insurer and reinsurer had put itself up for sale surfaced in June this year, with Argo Group and Blackst...

Bermudian-based Ascot Group Ltd has acquired two parts of Greyhawk Insurance in run-off with the aim of increasing its access to the US insurance market. The group’s US subsidiary, Ascot US Holding Corporation, will acquire Greyhawk Insurance Company...

Bermudian-domiciled Athora Holding Ltd announced that it will acquire Belgian insurer Generali Belgium SA in a deal worth €€540 million ($668 million). Generali Belgium is today the eleventh largest insurer in Belgium and is the Belgium-based subsidi...

Bermuda saw $36.9 billion of merger and acquisition deals last year, according to a report by offshore law firm Appleby. Island-based entities were involved in 402 deals which represented 15 per cent of deal volume and 16 per cent of deal value acros...

Mergers and acquisitions are a hot topic in many sectors again, certainly in insurance, with the news that Axa is to buy XL Group. The allure of growing at a speed that is impossible to achieve through organic growth is often the objective combined w...

American International Group’s takeover of Bermudian reinsurer Validus Holdings could be a sign of further deals in the industry this year. That is the view of Fitch Ratings, which says the effects of US tax reform and catastrophe losses last year is...

Bermudian-based Armour Group Ltd has acquired the run-off business of a Gibraltar-based insurer. Elite Insurance Company Ltd and affiliate Elite Business Development Ltd had gross reserves associated with the run-off business of £250 million ($355 mi...

Randall & Quilter Investment Holdings Ltd has sold its insurance services and captive management operations to UK-based Davies Group in a deal worth £20 million ($27.6 million). R&Q, whose head office is in the FB Perry Building on Church Street, sai...

Bermudian-based reinsurance broker Beach & Associates Ltd has been bought out by Acrisure LLC. In a statement, Beach said the Michigan-based Acrisure bought the firm from New York-based private-equity firm Aquiline Capital Partners. Terms of the deal...

Run-off specialist Catalina Holdings (Bermuda) Ltd has agreed to acquire a portfolio of legacy insurance liabilities from the US branch of Samsung Fire and Marine Insurance Co. The run-off portfolio will be transferred to Catalina’s wholly owned subs...