M&A Deal Summary

Tower Group Acquires Castlepoint Holdings

On August 5, 2008, Tower Group acquired insurance company Castlepoint Holdings for 490M USD

Acquisition Highlights
  • This is Tower Group’s 1st transaction in the Insurance sector.
  • This is Tower Group’s largest (disclosed) transaction.
  • This is Tower Group’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2008-08-05
Target Castlepoint Holdings
Sector Insurance
Buyer(s) Tower Group
Deal Type Add-on Acquisition
Deal Value 490M USD

Target

Castlepoint Holdings

Hamilton,, Bermuda
CastlePoint Holdings, Ltd., through its subsidiaries, is a provider of reinsurance and insurance solutions.

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Buyer(S) 1

Buyer

Tower Group

New York, New York, United States
Category Company
Founded 2013
Sector Insurance
DESCRIPTION

Tower Group offers property and casualty insurance products and services through its operating subsidiaries. Tower’s insurance services subsidiaries provide underwriting, claims and reinsurance brokerage services to other insurance companies.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Bermuda) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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