M&A Deal Summary

SCOR Acquires Transamerica Reinsurance Co.

On August 10, 2011, SCOR acquired insurance company Transamerica Reinsurance Co. from Aegon for 1.4B USD

Acquisition Highlights
  • This is SCOR’s 2nd transaction in the Insurance sector.
  • This is SCOR’s 2nd largest (disclosed) transaction.
  • This is SCOR’s 2nd transaction in the United States.
  • This is SCOR’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2011-08-10
Target Transamerica Reinsurance Co.
Sector Insurance
Buyer(s) SCOR
Sellers(s) Aegon
Deal Type Divestiture
Deal Value 1.4B USD

Target

Transamerica Reinsurance Co.

Charlotte, North Carolina, United States
Transamerica Reinsurance Co. is a provider of reinsurance products and services.

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Buyer(S) 1

Buyer

SCOR

Paris, France

Category Company
Founded 1970
Sector Financial Services
Employees3,621
Revenue 1.6B EUR (2024)
DESCRIPTION

SCOR rates, credit, equities, loans and alternatives, real estate, infrastructure, and Insurance-Linked Securities. SCOR was founded in 1970 and is based in Paris, France.


DEAL STATS #
Overall 3 of 9
Sector: Insurance M&A 2 of 5
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2011 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-19 Investors Insurance

Jacksonville, Florida, United States

Investors Insurance Corporation is a provider of retirement products and services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 Generali U.S. Holdings

New York, New York, United States

Generali U.S. Holdings, Inc. is a provider of life reinsurance products.

Buy €579M

Seller(S) 1

SELLER

Aegon

Schiphol, Netherlands

Category Company
Founded 1844
Sector Insurance
Employees15,500
Revenue 19.5B EUR (2024)
DESCRIPTION

Aegon provides life insurance, pension, and asset management products and services. It offers various life and protection products, including traditional and universal life, as well as endowment, term, employer, and whole life insurance products; and supplemental health, accidental death and dismemberment, critical illness, cancer treatment, credit/disability, income protection, and long term care insurance. Aegon was incorporated in 1983 and is based in Schiphol, Netherlands.


DEAL STATS #
Overall 1 of 5
Sector: Insurance M&A 1 of 4
Type: Divestiture M&A Deals 1 of 5
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-13 Clark

Dallas, Texas, United States

Clark LLC is a consulting specialises in designing innovative executive compensation programs that attract, retain, motivate and reward executives, directors and employees.

Buy $293M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-24 Guardian Financial Services

Lancashire, United Kingdom

Guardian Financial Services Ltd. is a provider of insured Life and Pensions products for over 180 years.

Sell £275M