1. Home >
  2. M&A >
  3. Divestiture >
  4. Switzerland >
  5. AmTrust Financial Acquires Swiss Reinsurance Co. - CyberComp Business

M&A Deal Summary

AmTrust Financial Acquires Swiss Reinsurance Co. - CyberComp Business

On August 25, 2009, AmTrust Financial acquired insurance company Swiss Reinsurance Co. - CyberComp Business from Swiss Reinsurance Co.

Acquisition Highlights
  • This is AmTrust Financial’s 5th transaction in the Insurance sector.
  • This is AmTrust Financial’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2009-08-25
Target Swiss Reinsurance Co. - CyberComp Business
Sector Insurance
Buyer(s) AmTrust Financial
Sellers(s) Swiss Reinsurance Co.
Deal Type Divestiture

Target

Swiss Reinsurance Co. - CyberComp Business

Zurich, Switzerland
Swiss Reinsurance Co. Ltd. - CyberComp Business the workers' compensation business emerged in less than a decade as one of the leaders in internet-based mono-line workers' compensation. Utilizing a fully digitalized platform, CyberComp allows agents to enter data, get quotes and issue policies in a matter of minutes. Serving the workers' compensation needs of small to medium-sized employers in 26 States, CyberComp distributes through a network of 13 regional wholesale agencies and over 600 retail Agents. In the 12 month period ending June 30, 2009, net written premium totaled approximately $100 million.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

AmTrust Financial

New York, New York, United States
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 5 of 32
Sector: Insurance M&A 5 of 28
Type: Divestiture M&A Deals 2 of 12
Country: Switzerland M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-03 Security National Insurance Co.

Dallas, Texas, United States

Security National Insurance Co. is a provider of insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-26 Warrantech

Bedford, Texas, United States

Warrantech Corp. is a provider of service contracts and after-market warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, homes, computers and computer peripherals for retailers, distributors and manufacturers.

Buy -

Seller(S) 1

SELLER

Swiss Reinsurance Co.

Zurich, Switzerland
Category Company
Founded 1863
Sector Insurance
Employees11,622
DESCRIPTION

Swiss Reinsurance Company Ltd, generally known as Swiss Re, is a Swiss reinsurance company. It is the world’s second-largest reinsurer, after having acquired GE Insurance Solutions.

DEAL STATS #
Overall 4 of 5
Sector: Insurance M&A 2 of 3
Type: Divestiture M&A Deals 4 of 5
Country: Switzerland M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-03 Global Asset Protection Services

Chicago, Illinois, United States

Global Asset Protection Services, LLC provides insurance services.We know about risk. And we can help you manage it. Our clients look to us for support, security and intelligent risk management.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 Apollo Investments

Nairobi, Kenya

Apollo provides diverse forms of insurance to customers across East Africa. Its subsidiary APA Insurance is one of the largest non-life insurance companies in Kenya.

Buy -
Mergr

Solution for

Product

Company

Legal