M&A Deal Summary |
|
|---|---|
| Date | 2016-09-09 |
| Target | The Royal London General Insurance Co. |
| Sector | Insurance |
| Buyer(s) | R&Q |
| Sellers(s) | The Royal London Mutual Insurance Society |
| Deal Type | Divestiture |
| Deal Value | 12M GBP |
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R&Q is a service provider and acquirer of solvent insurance companies in run-off. R&Q was founded in 1991 and is based in Hamilton, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 27 |
| Sector: Insurance M&A | 15 of 27 |
| Type: Divestiture M&A Deals | 6 of 11 |
| Country: United Kingdom M&A | 6 of 9 |
| Year: 2016 M&A | 4 of 5 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-18 |
Agency Program Insurance Company
Bermuda Agency Program Insurance Company (SAC) Ltd. is a provider of reinsurance services. The company was incorporated in 2005 and is based in Bermuda. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-23 |
United States Sports Insurance Co.
United States United States Sports Insurance Co. LLC is a provider of insurance services to USA Swimming Inc., its local swimming committees. USSIC, which is in run-off, had a total net asset value of $5.3m as at 30 June 2016. |
Buy | $2M |
| Category | Company |
|---|---|
| Founded | 1861 |
| Sector | Insurance |
| Employees | 2,922 |
Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £83.4 billion. Group businesses serve around 5.3 million policyholders and employ 2,922 people.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 2 |
| Country: United Kingdom M&A | 1 of 2 |
| Year: 2016 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-01 |
Ascentric
Bath, United Kingdom Ascentric is a digital wrap and wealth management platform, available exclusively to financial advisers and offers a fully integrated online investment management and dealing platform. It also enables advisers to transfer their clients’ assets onto a single platform to provide them with the ability to manage their clients’ financial needs in just one place. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-27 |
Ascentric
Bath, United Kingdom Ascentric is a digital wrap and wealth management platform, available exclusively to financial advisers and offers a fully integrated online investment management and dealing platform. It also enables advisers to transfer their clients’ assets onto a single platform to provide them with the ability to manage their clients’ financial needs in just one place. |
Sell | - |
