M&A Deal Summary

Enstar Group Acquires Alpha Insurance S.A.

On November 13, 2015, Enstar Group acquired insurance company Alpha Insurance S.A. from Helvetia for 40M EUR

Acquisition Highlights
  • This is Enstar Group’s 11th transaction in the Insurance sector.
  • This is Enstar Group’s 8th largest (disclosed) transaction.
  • This is Enstar Group’s 1st transaction in Belgium.

M&A Deal Summary
Date 2015-11-13
Target Alpha Insurance S.A.
Sector Insurance
Buyer(s) Enstar Group
Sellers(s) Helvetia
Deal Type Divestiture
Deal Value 40M EUR

Target

Alpha Insurance S.A.

Brussels, Belgium
Alpha Insurance S.A. is a Belgian composite insurance company, authorized by the National Bank of Belgium. Whilst Alpha no longer issues new business, it does continue to service the remaining in-force business. Alpha’s operations will continue to focus on efficient client servicing & claims management while ensuring service levels to existing policyholders are maintained.

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Buyer(S) 1

Buyer

Enstar Group

Hamilton, Bermuda
Category Company
Founded 1993
Sector Insurance
Employees805
Revenue 864M USD (2021)
DESCRIPTION

Enstar Group is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was founded in 2001 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 11 of 15
Sector (Insurance) 11 of 13
Type (Divestiture) 6 of 9
Country (Belgium) 1 of 1
Year (2015) 2 of 2
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-27 Companion Property & Casualty Insurance

Columbia, South Carolina, United States

Companion Property & Casualty Insurance Co., Inc. is an insurance group writing property, casualty, specialty and workers compensation business, and has also provided fronting and third party administrative services.

Buy $218M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-30 Dana Companies

Perrysburg, Ohio, United States

Dana Companies LLC is a provider of engineered drivetrain, sealing, and thermal-management technologies for vehicles. Dana Companies holds liabilities associated with personal injury asbestos claims and environmental claims arising from its legacy manufacturing operations. Dana Companies' assets include, among others, insurance rights related to coverage against these liabilities and marketable securities.

Buy $92M

Seller(S) 1

SELLER

Helvetia

St. Gallen, Switzerland
Category Company
Founded 1858
Sector Insurance
Employees13,812
Revenue 10.5B CHF (2024)
DESCRIPTION

Helvetia is a provider of life and non-life insurance, and reinsurance products. Helvetia was founded in 1858 and is based in Sankt Gallen, Switzerland.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Belgium) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-28 Helvetia Versicherungen Österreich AG

Vienna, Austria

Helvetia Versicherungen Österreich AG is a provider of an insurance and pension solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-16 MoneyPark AG

Zurich, Switzerland

MoneyPark AG is a technology based advisory platform for financial products. It is a specialised and independent intermediary of mortgages and pension products and also offers ETF-based asset management services.

Buy -
Mergr

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