M&A Deal Summary

Premia Acquires Premia Holdings NV

On October 5, 2021, Premia acquired insurance company Premia Holdings NV from The Hartford Financial Services Group

Acquisition Highlights
  • This is Premia’s 3rd transaction in the Insurance sector.
  • This is Premia’s 2nd transaction in Bermuda.

M&A Deal Summary
Date 2021-10-05
Target Premia Holdings NV
Sector Insurance
Buyer(s) Premia
Sellers(s) The Hartford Financial Services Group
Deal Type Divestiture

Target

Premia Holdings NV

Hamilton, Bermuda
Premia Holdings (Europe) is a provider of customized wholesale and reinsurance solutions with a goal to protect businesses everywhere from the complex risks they face. The company provides America’s leading wholesale brokers with creative solutions that address their most complex and hard-to-place risks. It also offers specialty and niche reinsurance for property and casualty insurers via Navigators Re, global specialty reinsurance business.

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Buyer(S) 1

Buyer

Premia

Hamilton, Bermuda

website

Category Company
Founded 2017
Sector Insurance
DESCRIPTION

Premia is a reinsurance group with operations in Bermuda, the U.S., and Europe that is focused on sourcing, structuring, and servicing run-off businesses. Premia was founded in 2017 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Divestiture) 2 of 2
Country (Bermuda) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Armour

Hamilton, Bermuda

Armour is a Bermuda-based P&C legacy reinsurer that provides effective solutions for global insurance and reinsurance companies. Armour is based in Hamilton, Bermuda.

Buy -

Seller(S) 1

SELLER

The Hartford Financial Services Group

Hartford, Connecticut, United States

website

Category Company
Founded 1810
Sector Insurance
Employees18,500
Revenue 21.9B USD (2022)
DESCRIPTION

The Hartford Financial Services Group is a provider of property and casualty insurance, group benefits and mutual funds. Hartford Financial is widely recognized for its service excellence, sustainability practices, trust and integrity. The Hartford Financial Services Group was founded in 1810 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 8 of 8
Sector (Insurance) 8 of 8
Type (Divestiture) 8 of 8
Country (Bermuda) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-22 The Navigators Group.

Stamford, Connecticut, United States

The Navigators Group, Inc. is an international specialty insurance holding company with insurance company operations, underwriting management companies and operations at Lloyd's. Navigators has offices in the United States, the United Kingdom and Continental Europe, as well as representative offices in China and Brazil. The Navigators Group was founded in 1974 and is based in Stamford, Connecticut.

Buy $2.1B
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