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M&A Deal Summary

Everest Reinsurance Acquires AFC Re

On December 22, 2000, Everest Reinsurance acquired insurance company AFC Re from AFC Holdings for 17M USD

Acquisition Highlights
  • This is Everest Reinsurance’s 1st transaction in the Insurance sector.
  • This is Everest Reinsurance’s largest (disclosed) transaction.
  • This is Everest Reinsurance’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2000-12-22
Target AFC Re
Sector Insurance
Buyer(s) Everest Reinsurance
Sellers(s) AFC Holdings
Deal Type Divestiture
Deal Value 17M USD

Target

AFC Re

Bermuda
AFC Re Ltd., a annuity/life reinsurer.

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Buyer(S) 1

Buyer

Everest Reinsurance

Hamilton, Bermuda
Category Company
Founded 2000
Sector Insurance
DESCRIPTION

Everest Reinsurance (Bermuda) Ltd., provides reinsurance to property and casualty and life insurers in both the Bermuda and international markets.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Bermuda M&A 1 of 1
Year: 2000 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

AFC Holdings

Bermuda
Category Company
Sector Insurance
DESCRIPTION

AFC Holdings Ltd., provides insurance services.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Bermuda M&A 1 of 1
Year: 2000 M&A 1 of 1
Size (of disclosed) 1 of 1
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