M&A Deal Summary

Aspida Financial Acquires Global Bankers Insurance

On July 15, 2021, Aspida Financial acquired insurance company Global Bankers Insurance

Acquisition Highlights
  • This is Aspida Financial’s 3rd transaction in the Insurance sector.
  • This is Aspida Financial’s 2nd transaction in the United States.
  • This is Aspida Financial’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2021-07-15
Target Global Bankers Insurance
Sector Insurance
Buyer(s) Aspida Financial
Deal Type Add-on Acquisition

Target

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.

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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 3 of 3
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 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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Mergr

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