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Cat specialist and third party capital manager RenaissanceRe has agreed to buy Bermudian peer Platinum for $1.9bn in a cash-and-stock deal, the company said.
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Reinsurance executives Joe King and Enda McDonnell are set to take on co-CEO roles at Florida and Texas insurer Cypress Insurance Holdings after they agreed a deal to buy out the firm with other investors, sister publication The Insurance Insider reported.
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Lloyd's (re)insurer Amlin has agreed on a deal to lift its stake in Leadenhall Capital Partners from 40 percent to 75 percent, six years after it helped launch the firm.
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Citrus Re sponsor Heritage Insurance Holdings is set to take on the $60mn portfolio of business previously written by failed Floridian insurer Sunshine State Insurance Company (SSIC), after 10 companies put in bids for the portfolio
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Endurance has refinanced its second bid for Aspen, replacing plans for an equity investment from private equity company CVC with a $1.0bn bridging loan facility from Morgan Stanley, as it increased its offer from $47.50 per share to $49.50 per share.
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London-headquartered private equity fund CVC Capital is backing Endurance's $3.2bn hostile bid for Aspen
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United Insurance Holdings expects to buy fellow Floridian insurer Sunshine State Insurance Company (SSIC) and will inject capital to restore the latter's Demotech rating.
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Bermudian start-up vehicle GreyCastle Holdings, whose backers include large family offices and university endowments, has agreed to buy XL Group's life reinsurance business for $570mn in cash.
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Aspen Insurance Holdings has launched a wide-ranging attack on Endurance's $3.2bn bid to acquire the Bermudian (re)insurer, arguing that the pairing would be a "strategic mismatch".
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London-headquartered private equity fund CVC Capital is backing Endurance's bid for its Bermudian peer Aspen, the (re)insurer said as it confirmed details of its $3.2bn cash-and-shares offer.
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Cayman Islands start-up reinsurer Southport Re is to be sold to Lennox Investments LLC for an undisclosed sum, according to reports.
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The Canada Pension Plan Investment Board (CPPIB) has agreed to buy life reinsurer Wilton Re for $1.8bn from a group of investors led by Stone Point Capital, Kelso & Company, Vestar Capital Partners and FFL.