M&A Deal Summary

Axis Capital Acquires Aviabel NV/SA

On November 28, 2016, Axis Capital acquired insurance company Aviabel NV/SA

Acquisition Highlights
  • This is Axis Capital’s 3rd transaction in the Insurance sector.
  • This is Axis Capital’s 1st transaction in Belgium.

M&A Deal Summary

Date 2016-11-28
Target Aviabel NV/SA
Sector Insurance
Buyer(s) Axis Capital
Deal Type Add-on Acquisition

Target

Aviabel NV/SA

Brussels, Belgium
Aviabel NV/SA is a premier independent specialty aviation insurer and reinsurer with locations in Brussels and Amsterdam. Aviabel has been assigned an “A-” (Stable) rating by Standard & Poor’s and an “A-” (Excellent) rating by A.M. Best.

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Buyer(S) 1

Buyer

Axis Capital

Pembroke, Bermuda

Category Company
Founded 2001
Sector Insurance
Employees1,876
Revenue 6.0B USD (2024)
DESCRIPTION

Axis Capital is a provider of specialty-lines insurance and treaty reinsurance for customers around the world. Axis maintains operating subsidiaries in Bermuda, Ireland, and the United States. Axis Capital was founded in 2001 and is based in Pembroke, Bermuda.


DEAL STATS #
Overall 3 of 4
Sector: Insurance M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Belgium M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Ternian Insurance Group

Phoenix, Arizona, United States

Ternian Insurance Group LLC is a provider of voluntary, limited benefit, affordable health plans and other employee benefits coverage for hourly and part-time workers and their families.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Novae Group

London, United Kingdom

Novae is a diversified property and casualty (re)insurance business operating through Syndicate 2007 at Lloyd’s. Novae delivers expert underwriting, consistent performance and dynamic capital management across the Group. Novae writes both insurance and reinsurance in the property, casualty and marine, aviation and political risk markets. The Group employs approximately 300 people between its offices in London and Bermuda.

Buy £468M