M&A

Hedge fund Two Sigma Investments will take over as investment manager for SAC Re's assets after a sale deal was agreed for the Class 4 Bermudian reinsurer, sister publication The Insurance Insider reported

Former Validus Re CEO Conan Ward has been working with hedge fund Two Sigma as it undertakes due diligence on SAC Re, sister publication The Insurance Insider revealed.

Jardine Lloyd Thompson (JLT) has agreed to buy the reinsurance broking arm of consultancy group Towers Watson for $250mn in cash, the London-based broker said today (20 September)

Berkshire Hathaway has returned to the life settlements market for the first time since 2006 as it completed the $60mn purchase of a portfolio with a face value of $300mn.

Private equity behemoth Blackstone is in talks to buy the up-for-sale stake in Goldman Sachs' UK subsidiary Rothesay Life, which is valued at between £800mn-£900mn.

Goldman Sachs is looking to sell a majority stake in its UK subsidiary Rothesay Life within the next year, according to reports.

Private equity firm Stone Point and legacy insurer Enstar are set to buy global specialty insurer Torus in a cash-and-shares deal worth $692mn

Switzerland-based ILS fund manager Secquaero Advisors has announced plans to launch a new non-life only fund with new management partner Schroders.

New York-listed consultancy Towers Watson has discreetly begun marketing its reinsurance broking arm, including the Towers Watson Capital Markets brand, sister publication The Insurance Insider revealed earlier this week.

Bermudian start-up Third Point Re is gearing up for an IPO less than 18 months after it officially opened for business at the start of 2012, sister publication The Insurance Insider has reported.

UK-listed asset manager Schroders has bought a 30 percent stake in ILS fund manager Secquaero Advisors, the company announced today.

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