M&A Deal Summary

Sagicor Acquires ivari

On August 25, 2023, Sagicor acquired insurance company ivari from Wilton Re Holdings for 375M CAD

Acquisition Highlights
  • This is Sagicor’s 1st transaction in the Insurance sector.
  • This is Sagicor’s largest (disclosed) transaction.
  • This is Sagicor’s 1st transaction in Canada.
  • This is Sagicor’s 1st transaction in Ontario.

M&A Deal Summary
Date 2023-08-25
Target ivari
Sector Insurance
Buyer(s) Sagicor
Sellers(s) Wilton Re Holdings
Deal Type Divestiture
Deal Value 375M CAD

Target

ivari

Toronto, Ontario, Canada
ivari has a national network of thousands of independent advisors that provide a full range of life insurance products designed to help Canadians make the right choice for their protection needs. ivari is headquartered in Toronto, Ontario.

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Buyer(S) 1

Buyer

Sagicor

St. Michael, Barbados
Category Company
Founded 1840
Sector Insurance
Employees5,180
Revenue 1.8B USD (2023)
DESCRIPTION

Sagicor is a provider of insurance services. Sagicor was founded in 1840 and is based in St. Michael, Barbados.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 Sagicor Europe

Cayman Islands

Sagicor Europe Ltd. is a provider of insurance products and services.

Sell £56M

Seller(S) 1

SELLER

Wilton Re Holdings

Norwalk, Connecticut, United States
Category Company
Founded 2004
Sector Insurance
DESCRIPTION

Wilton Re Holdings Limited provides traditional life reinsurance and insurance Run Off Solutions through its wholly owned operating subsidiaries, Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, and Wilton Reassurance Life Company of New York.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Allstate Life Insurance Company of New York

Northbrook, Illinois, United States

Allstate Life Insurance Company of New York is a provider of life insurance services.

Buy $220M
Mergr

Product

Company

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