M&A Deal Summary |
|
|---|---|
| Date | 2018-09-21 |
| Target | Glatfelter Insurance Group |
| Sector | Insurance |
| Buyer(s) | AIG |
| Deal Type | Add-on Acquisition |
| Advisor(s) | BofA Securities (Financial) Willkie Farr & Gallagher (Legal) |
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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 | 16 of 17 |
| Sector: Insurance M&A | 15 of 16 |
| Type: Add-on Acquisition M&A Deals | 9 of 9 |
| State: Pennsylvania M&A | 2 of 2 |
| Country: United States M&A | 6 of 6 |
| Year: 2018 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-01 |
Fortitude Reinsurance
Pembroke, Bermuda Fortitude Reinsurance is a multi-line reinsurance company with deep expertise in the management of closed blocks of insurance liabilities. Fortitude Re is a liability-led company complemented by sophisticated asset sourcing and asset-liability management expertise. Fortitude Reinsurance was founded in 2017 and is based in Pembroke, Bermuda. |
Sell | $1.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-30 |
Convex
Hamilton, Bermuda Convex is a specialty property and casualty insurance company. Convex writes insurance and reinsurance with a focus on underwriting complex specialty risks across a diversified range of business lines. Convex was founded in 2019 and is based in Hamilton, Bermuda. |
Buy | - |
