Aspen Rejects Endurance’s $3.2B Hostile Acquisition Bid As ‘Ill-Conceived’ April 14, 2014 By Andrew G. Simpson Bermuda-based Endurance Specialty Holdings Ltd. today offered to buy Aspen Insurance Holdings Limited, also based in Bermuda, for $3.2 billion,...
Business Moves April 7, 2014 Arthur J. Gallagher Arthur J. Gallagher & Co. has acquired Spataro Insurance Agency Inc. of Burnt Hills, N.Y. Founded in...
Enstar and Stone Point Capital Complete Torus Acquisition April 2, 2014 Enstar Group Limited and Stone Point Capital LLC announced the completion of the acquisition of global specialty insurer, Torus Insurance...
Allied World Approved to Launch New Managing Agency at Lloyd’s March 31, 2014 Allied World Assurance Company Holdings, AG announced that it has received approval from Lloyd’s, the Prudential Regulation Authority (PRA) and...
QBE Agreement Provides Additional Capacity to Shariah Compliant Cobalt March 28, 2014 Business insurance specialist, QBE announced from London that it has “become the second major re/insurer to provide capacity to the...
Apollo, CVC Raise $398.5 Million in Brit Insurance IPO March 28, 2014 By Sarah Jones Apollo Global Management LLC and CVC Capital Partners Ltd. raised £240 million [$398.5 million] in an initial public offering of...
Watford Re Readies for Business; Best Assigns Ratings, Stable Outlook March 27, 2014 Bermuda-based Watford Holdings Ltd. and its wholly-owned subsidiary Watford Re Ltd. (collectively, “Watford” or the “Company”), a newly-formed Bermuda-based multi-line...
Old Mutual Sells Skandia Units as It Pares European Operations March 27, 2014 By Renee Bonorchis Old Mutual Plc, Africa’s biggest insurer, is selling its Skandia units in Germany and Austria for €220 million ($303 million)...
Business Moves March 24, 2014 Arthur J. Gallagher, Tudor Arthur J. Gallagher & Co. has acquired Tudor Risk Services in Woburn, Mass. Terms of the...
Canada Pension Plan Board to Buy Wilton Re for $1.8 Billion March 21, 2014 The Canada Pension Plan Investment Board (CPPIB) announced that it has agreed to buy U.S. life insurance and reinsurance provider...