M&A Deal Summary

Aspida Financial Acquires F&G Reinsurance

On September 30, 2020, Aspida Financial acquired insurance company F&G Reinsurance from Fidelity National Financial

Acquisition Highlights
  • This is Aspida Financial’s 2nd transaction in the Insurance sector.
  • This is Aspida Financial’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2020-09-30
Target F&G Reinsurance
Sector Insurance
Buyer(s) Aspida Financial
Sellers(s) Fidelity National Financial
Deal Type Divestiture

Target

F&G Reinsurance

Hamilton, Bermuda
F&G Re Ltd is a provider of reinsurance solutions to life and annuity insurance companies on both active and run-off blocks of business. F&G Re offers services and solutions that dramatically reduce the resource requirements and product launch risks of its partnering carriers.

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Buyer(S) 1

Buyer

Aspida Financial

New York, New York, United States
Category Company
Sector Financial Services
DESCRIPTION

Aspida Financial plans to issue insurance and reinsurance products for individuals and institutions seeking to fund their long-term financial needs. Aspida seeks to be a trusted partner focused on its customers’ financial security and success. Aspida’s solutions will include annuity and life insurance products that, in today’s volatile world, help bring stability and more predictability to a financial strategy.

DEAL STATS #
Overall 2 of 3
Sector (Insurance) 2 of 3
Type (Divestiture) 2 of 2
Country (Bermuda) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Pavonia Life Insurance Company of Michigan

North Carolina, United States

Pavonia has historically offered life insurance, annuities and reinsurance products and services. The Company is currently licensed in 49 states and the platform has operated in multi-channel distribution networks with relationships covering more than 4,700 agents and subgroups.

Buy $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Global Bankers Insurance

Durham, North Carolina, United States

Global Bankers Insurance Group is an insurance service provider and operations company. Global Bankers Insurance Group is based in Durham, North Carolina.

Buy -

Seller(S) 1

SELLER

Fidelity National Financial

Jacksonville, Florida, United States
Category Company
Founded 1847
Sector Insurance
Employees22,293
Revenue 11.5B USD (2023)
DESCRIPTION
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.

Fidelity National Financial is a provider of insurance escrow, and other services. Fidelity National Financial was incorporated in 1847 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 8 of 8
Sector (Insurance) 3 of 3
Type (Divestiture) 6 of 6
Country (Bermuda) 1 of 1
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 T-System

Dallas, Texas, United States

T-System is a developer of clinical documentation and coding solutions for hospital-based emergency departments and urgent care facilities. T-System was established in 1996 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 AllFirst Title Insurance Agency

Texas, United States

AllFirst Title Insurance Agency and its portfolio brands, FirsTitle, Excel Title Group, Allegiance Title Company, Guaranty Title, Smith Brothers Abstract, Aggieland Title Company, and Guaranty Title New Mexico provide title examination, title plant, abstract, and settlement services for residential, commercial, farm and ranch sales, and energy projects in 121 counties throughout Texas, Oklahoma, New Mexico, and Arkansas.

Buy -
Mergr

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