M&A Deal Summary

AIG Acquires Validus Re

On January 22, 2018, AIG acquired insurance company Validus Re for 5.6B USD

Acquisition Highlights
  • This is AIG’s 14th transaction in the Insurance sector.
  • This is AIG’s largest (disclosed) transaction.
  • This is AIG’s 2nd transaction in Bermuda.
Investment Fate
  • Validus Re was divested to a consortium of strategic buyers in 2023 for 3.0B USD.

M&A Deal Summary
Date 2018-01-22
Target Validus Re
Sector Insurance
Buyer(s) AIG
Deal Type Add-on Acquisition
Deal Value 5.6B USD
Advisor(s) J.P. Morgan Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Validus Re

Pembroke, Bermuda
website
Validus Re is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned subsidiaries, Validus Reinsurance, Ltd. and Talbot Holdings Ltd. The company is a Bermuda-based reinsurer focused on short-tail lines of reinsurance. Talbot is the Bermuda parent of the specialty insurance group primarily operating within the Lloyd's insurance market through Syndicate 1183. Validus Re was founded in 2005 and is based in Pembroke.

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Buyer(S) 1

Buyer

AIG

New York, New York, United States

website

Category Company
Founded 1919
Sector Insurance
Employees26,200
Revenue 56.5B USD (2022)
DESCRIPTION

AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.

DEAL STATS #
Overall 15 of 16
Sector (Insurance) 14 of 15
Type (Add-on Acquisition) 8 of 9
Country (Bermuda) 2 of 2
Year (2018) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Mt. Mansfield

Stowe, Vermont, United States

Mt. Mansfield Co., Inc. (Stowe Mountain Resort) is a premier, high-end resort for skiers and snowboarders on the East Coast.

Sell $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-02 NSM

Conshohocken, Pennsylvania, United States

NSM is a full-service MGA and program administrator for specialty property & casualty insurance. The company places insurance in niche sectors such as special transportation, social services, real estate, and pet. On behalf of its insurance carrier partners, NSM typically manages all aspects of the placement process, including product development, marketing, underwriting, policy issuance, and claims. NSM was established in 1990 and is headquartered in Conshohocken, Pennsylvania.

Sell $388M
Mergr

Product

Company

Legal