Log In

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...

Private-equity firm Apollo Global Management is to increase its interests in the Bermuda insurance market by buying a majority stake in run-off specialist Catalina Holdings (Bermuda) Ltd. Apollo made an initial investment in Catalina in December 2013...

MediaAlpha, a company owned by Bermudian-based White Mountains Insurance Group Ltd has acquired parts of Healthplans.com’s health and life insurance business. Terms of the transaction were not disclosed. MediaAlpha is an advertising technology compan...

Bermudian life reinsurer Athene Holding Ltd is on the lookout to expand in Europe, according to a report out of New York. Private-equity firm Apollo Global Management, a major investor in Athene and the manager of about a fifth of its $70 billion-plu...

A top Swiss cybersecurity firm has completed its acquisition of Bermuda’s QuoVadis Holdings. WISeKey, a specialist in the “internet of things” as well as security, said the takeover will reinforce its position as a market leader. Carlos Moreira, chai...

Bermuda notched up one-fifth of all offshore deal value last year. And the island was home to the biggest transaction of 2016, according to Offshore-i, published by law firm Appleby. But the total volume and value of offshore deals was down on the pr...