M&A Deal Summary

Beazley Acquires Santam Corporate UK

On December 29, 2006, Beazley acquired insurance company Santam Corporate UK from Santam

Acquisition Highlights
  • This is Beazley’s 2nd transaction in the Insurance sector.
  • This is Beazley’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2006-12-29
Target Santam Corporate UK
Sector Insurance
Buyer(s) Beazley
Sellers(s) Santam
Deal Type Divestiture

Target

Santam Corporate UK

United Kingdom
Santam Corporate UK Ltd. is a provider of property and life insurance products and services.

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Buyer(S) 1

Buyer

Beazley

London, United Kingdom

Category Company
Founded 1986
Sector Insurance
Employees2,419
Revenue 1.0B USD (2024)
DESCRIPTION

Beazley is a provider of risk insurance and reinsurance solutions. Beazley was founded in 1986 and is headquartered in London, England.


DEAL STATS #
Overall 2 of 6
Sector: Insurance M&A 2 of 6
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 3
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-25 Omaha Property and Casualty Insurance Co.

Omaha, Nebraska, United States

Omaha Property and Casualty Insurance Co. engages in underwriting of fire, marine, and casualty insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-31 Sapphire Blue

Chicago, Illinois, United States

Sapphire Blue an agency specializing in professional liability insurance for U.S. health care institutions, particularly long term care facilities.

Buy -

Seller(S) 1

SELLER

Santam

Bellville, South Africa

Category Company
Founded 1918
Sector Insurance
DESCRIPTION

Santam Ltd. is a provider of various general insurance products in South Africa and internationally. As part of the largest general insurance group in Africa, Santam currently holds a local market share of 23%.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2006 M&A 1 of 1