Divestiture • Insurance

Royston Run-off Acquires Unionamerica Holdings

On December 29, 2008, Royston Run-off acquired insurance company Unionamerica Holdings from Travelers Companies

Acquisition Context
  • This is Royston Run-off’s 1st transaction in the Insurance sector.
  • This is Royston Run-off’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date December 29, 2008
Target Unionamerica Holdings
Sector Insurance
Buyer(s) Royston Run-off
Sellers(s) Travelers Companies
Deal Type Divestiture

Target Company

Unionamerica Holdings

London, United Kingdom
Unionamerica Holdings Ltd., is a provider of specialty casualty and property insurance and reinsurance services.
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Buyer Overview 1

Buyer

Royston Run-off

Guildford,, United Kingdom

Category Company
Sector Insurance
DESCRIPTION

Royston Run-off Ltd. is a provider of insurance services for commercial and individuals.


Deal Context for Buyer #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2008 1 of 1

Seller Profile 1

SELLER

Travelers Companies

New York, New York, United States

Category Company
Founded 1853
Sector Insurance
Employees32,967
Revenue 46.4B USD (2024)
DESCRIPTION
Travelers office in Irvine, California.
Travelers office in Irvine, California.

Travelers Companies is an insurance provider of property casualty insurance for auto, home and business. Travelers Companies was founded in 1853 and is based in New York, New York.


Deal Context for Seller #
Overall 2 of 2
Sector: Insurance 2 of 2
Type: Divestiture 2 of 2
Country: United Kingdom 1 of 1
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-28 GeoVera

Fairfield, California, United States

GeoVera is a provider of specialty residential property insurance in markets that are underserved by other insurance carriers due to their exposure to certain perils, such as hurricanes or earthquakes. GeoVera offers specialty homeowners products primarily on a non-admitted, or excess and surplus line, basis in wind-exposed areas in the Southeast United States and Hawaii, and residential earthquake products primarily on an admitted basis in the Western United States. GeoVera was founded in 1993 and is based in Fairfield, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-20 J. Malucelli Seguradora SA

Curitiba, Brazil

No. 1 surety bond provider in Brazil.

Buy $410M

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