M&A Deal Summary

Everest Reinsurance Holdings Acquires Premiere Insurance Underwriting Services

On February 11, 2011, Everest Reinsurance Holdings acquired insurance company Premiere Insurance Underwriting Services

Acquisition Highlights
  • This is Everest Reinsurance Holdings’ 2nd transaction in the Insurance sector.
  • This is Everest Reinsurance Holdings’ 1st transaction in Canada.
  • This is Everest Reinsurance Holdings’ 1st transaction in Ontario.

M&A Deal Summary

Date 2011-02-11
Target Premiere Insurance Underwriting Services
Sector Insurance
Buyer(s) Everest Reinsurance Holdings
Deal Type Add-on Acquisition

Target

Premiere Insurance Underwriting Services

Toronto, Ontario, Canada
Premiere Insurance Underwriting Services, Inc., a managing general agent, specializing in entertainment,sports and leisure related risks.

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Buyer(S) 1

Buyer

Everest Reinsurance Holdings

Liberty Corner, New Jersey, United States

Category Company
Sector Insurance
Employees656
DESCRIPTION

Everest Reinsurance Holdings, Inc., provides reinsurance to property and casualty and life insurers.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-19 Mt. McKinley Insurance Co.

Liberty Corner, New Jersey, United States

Mt. McKinley Insurance Co., is a insurance service provider.

Buy $52M