American Safety Insurance Holdings, Ltd. has announced the successful completion of its previously announced acquisition by Fairfax Financial Holdings Limited. After Fairfax increased its offer, American Safety shareholders will receive $30.25 in cash for each common share they owned as …
Allied World Assurance Company Holdings, AG and Markel International announced that they have entered into an agreement for Allied to acquire the renewal rights to a book of aviation business written by Lloyd’s Syndicate 1400 and Markel Europe plc. The …
Smartphone maker BlackBerry has agreed to go private in a $4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share. The $9 …
Cooper Gay Swett & Crawford (CGSC) has announced the acquisition of independent Lloyd’s insurance and reinsurance brokerage group Newman Martin and Buchan (NMB), subject to regulatory approval from the UK Financial Conduct Authority. The announcement explained that NMB and Cooper …
American Family, Homesite Group Madison, Wis.-based American Family Insurance reached agreement to acquire direct homeowners insurer Homesite Group Inc. for an anticipated $616 million. Homesite Group is a Boston-based direct writer of homeowners, renters and condominium insurance. The deal is …
ANV Holdings BV, the Dutch-headquartered specialty insurance business founded by CEO R. Matthew Fairfield, and Ryan Specialty Group, LLC announced that they have entered into an agreement to combine their Lloyd’s managing agency operations, ANV Syndicate Management Limited (ASML) and …
Markel Ventures, Eagle Construction Markel Ventures Inc. announced that it acquired Eagle Construction of VA LLC and its affiliated entities. The terms of the transaction were not disclosed. Markel Ventures invests in businesses outside of the specialty insurance marketplace. It’s …
Arthur J. Gallagher & Co. announced that it has signed an agreement to acquire the Giles Group of Companies, headquartered in London, England. The transaction is subject to regulatory approval and is expected to close in October 2013. Gallagher’s announcement …
UK-based Nexus Underwriting Management Limited announced that it has acquired Torus Insurance Holdings Limited entire holding in Torus Executive Risks Ltd (TER) with effect as of August 30, 2013. Following the acquisition, Nexus, as the sole owner of TER, renamed …
Catalina Holdings (Bermuda) Ltd., a consolidator in the non-life run-off sector, announced that it has signed a definitive agreement with Fairfax Financial Holdings Limited and Tower Group International, which confirms that it has agreed “to assume Tower’s rights and obligations, …
