Bermuda-based Armour Group Ltd. announced the appointment of John Parry as group chief financial officer. Parry will assume his new position in June and report directly to the group executive committee. A seasoned senior financial services executive with extensive insurance …
Run-off specialist Armour Group Ltd. has led a group of investors to acquire Gibraltar-based Elite Insurance Co. Ltd. (EIC) and its affiliate Elite Business Development Ltd. (EBD). The financial details of the transaction were not disclosed. Collectively, EIC & EBD …
Armour, a Bermuda-based P/C run-off insurance business, announced it has raised up to $500 million to form a reinsurance group called Armour Group Ltd. The equity commitments were made in partnership with an investor group led by Aquiline Capital Partners, …
Cobalt Insurance Holdings Ltd., the London-based provider of Shariah compliant insurance and reinsurance has announced a strategic investment by Armour Group Holdings Ltd., the Bermuda-based diversified insurance group. Financial considerations were not disclosed. The strategy of Bermuda-based Armour focuses on …
Armour Group Completes OneBeacon Run-off Acquisition The Bermuda-based Armour Group Holdings Limited announced the completion of the acquisition of the OneBeacon Run-off. “The transaction includes the acquisition of the legal entities, including the assets, liabilities and capital, which comprise the …
The Bermuda-based Armour Group announced that an affiliate has completed a majority investment in Armour Intelligence Limited, a UK-based service, created by its founder and CEO, former Brigadier David Montgomery, to specialize in the detection and deterrence of fraudulent activity. …
The Bermuda-based Armour Group announced the formation of a new ILS [Insurance Linked Strategies- more commonly ‘securities’] focused asset manager to “target unique opportunities for uncorrelated returns in a low-yield environment.” Armour said its new unit, ILS Investment Management Limited, …
