Add-on Acquisition • Insurance

Sompo International Acquires ARMtech Insurance Services

On September 7, 2007, Sompo International acquired insurance company ARMtech Insurance Services

Acquisition Context
  • This is Sompo International’s 2nd transaction in the Insurance sector.
  • This is Sompo International’s 1st transaction in the United States.
  • This is Sompo International’s 1st transaction in Texas.

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M&A Deal Summary

Date September 7, 2007
Target ARMtech Insurance Services
Sector Insurance
Buyer(s) Sompo International
Deal Type Add-on Acquisition

Target Company

ARMtech Insurance Services

Lubbock,, Texas, United States
ARMtech Insurance Services, a Texas-based managing general agency provides crop insurance policies.
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Buyer Overview 1

Buyer

Sompo International

Pembroke, Bermuda

Category Company
Founded 2001
Sector Insurance
Employees997
DESCRIPTION

Endurance Specialty Holdings Ltd. is an insurance company engaged in the writing of various lines of commercial property and liability insurance and reinsurance. Endurance underwrites a diversified portfolio of property and liability coverages through both direct and reinsured writings. Endurance focuses on property catastrophe and per-risk reinsurance, excess workers' compensation policies, directors' and officers' reinsurance, aviation, general liability, and other lines of reinsurance.


Deal Context for Buyer #
Overall 2 of 6
Sector: Insurance 2 of 6
Type: Add-on Acquisition 2 of 5
State: Texas 1 of 1
Country: United States 1 of 3
Year: 2007 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-17 LaSalle Re

Hamilton, Bermuda

LaSalle Re was a Bermuda-based insurance and reinsurance company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-20 Galileo Weather Risk Management

New York, New York, United States

Galileo Weather Risk Management is a provider of weather risk management products and services.

Buy -