M&A Deal Summary

Validus Re Acquires Western World Insurance Group

On June 23, 2014, Validus Re acquired insurance company Western World Insurance Group for 690M USD

Acquisition Highlights
  • This is Validus Re’s 3rd transaction in the Insurance sector.
  • This is Validus Re’s largest (disclosed) transaction.
  • This is Validus Re’s 1st transaction in the United States.
  • This is Validus Re’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2014-06-23
Target Western World Insurance Group
Sector Insurance
Buyer(s) Validus Re
Deal Type Add-on Acquisition
Deal Value 690M USD

Target

Western World Insurance Group

Franklin Lakes, New Jersey, United States
Western World Insurance Group offers products on a surplus lines basis and on an admitted basis through its subsidiaries. Western World’s three operating companies are domiciled in New Hampshire.

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Buyer(S) 1

Buyer

Validus Re

Pembroke, Bermuda
Category Company
Founded 2005
Sector Insurance
Employees866
Revenue 2.4B USD (2016)
DESCRIPTION

Validus Re is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned subsidiaries, Validus Reinsurance, Ltd. and Talbot Holdings Ltd. The company is a Bermuda-based reinsurer focused on short-tail lines of reinsurance. Talbot is the Bermuda parent of the specialty insurance group primarily operating within the Lloyd's insurance market through Syndicate 1183. Validus Re was founded in 2005 and is based in Pembroke.

DEAL STATS #
Overall 3 of 5
Sector (Insurance) 3 of 5
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 1 of 3
Year (2014) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-30 Flagstone Reinsurance Holdings

Luxembourg,, Luxembourg

Flagstone Reinsurance Holdings is a reinsurance company that provides coverage for property catastrophe risks and other selected short-tail property casualty risks.

Buy $623M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 ADM Crop Risk Services

Decatur, Illinois, United States

ADM Crop Risk Services is a primary crop insurance general agent based in Decatur, Illinois.

Buy $128M
Mergr

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