M&A Deal Summary

AmTrust Financial Acquires Sagicor Europe

On December 23, 2013, AmTrust Financial acquired insurance company Sagicor Europe from Sagicor for 56M GBP

Acquisition Highlights
  • This is AmTrust Financial’s 11th transaction in the Insurance sector.
  • This is AmTrust Financial’s 6th largest (disclosed) transaction.
  • This is AmTrust Financial’s 1st transaction in Cayman Islands.

M&A Deal Summary
Date 2013-12-23
Target Sagicor Europe
Sector Insurance
Buyer(s) AmTrust Financial
Sellers(s) Sagicor
Deal Type Divestiture
Deal Value 56M GBP

Target

Sagicor Europe

Cayman Islands
Sagicor Europe Ltd. is a provider of insurance products and services.

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Buyer(S) 1

Buyer

AmTrust Financial

New York, New York, United States

website

Category Company
Founded 1998
Sector Insurance
Employees5,100
Revenue 4.7B USD (2015)
DESCRIPTION
AmTrust Financial office in downtown Cleveland, Ohio.
AmTrust Financial office in downtown Cleveland, Ohio.

AmTrust Financial is a provider of property and casualty insurance to small businesses. AmTrust insurance products include multiline small business, warranty and specialty risk, specialty program business insurance services. AmTrust Financial was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 12 of 32
Sector (Insurance) 11 of 28
Type (Divestiture) 3 of 12
Country (Cayman Islands) 1 of 1
Year (2013) 5 of 5
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-14 Mutual Insurers Holding

Waukesha, Wisconsin, United States

Mutual Insurers Holding Co. is a provider of property and casualty insurance products to non-profit organizations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-03 The Insco Dico Group

Irvine, California, United States

The Insco Dico Group is a provider of superior service to the independent producer network for surety bonds and insurance.

Buy $89M

Seller(S) 1

SELLER

Sagicor

St. Michael, Barbados

website

Category Company
Founded 1840
Sector Insurance
Employees4,545
Revenue 1.9B USD (2020)
DESCRIPTION

Sagicor is a provider of insurance services. Sagicor was founded in 1840 and is based in St. Michael, Barbados.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Cayman Islands) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-25 ivari

Toronto, Ontario, Canada

ivari has a national network of thousands of independent advisors that provide a full range of life insurance products designed to help Canadians make the right choice for their protection needs. ivari is headquartered in Toronto, Ontario.

Buy CA$375M
Mergr

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