Announced
Financials
Sources
Tags
Friendly
Belgium
Acquisition
Majority
Private
Insurance Brokers
Single Bidder
insurance
Pending
Cross Border
Private Equity
Synopsis
Arch Capital and Kelso-backed Premia, a reinsurance group, agreed to acquire Navigators, which is holding or owning securities of companies other than banks, from The Hartford Financial Services Group, a property and casualty company in the United States. The transaction is subject to typical regulatory approvals. Financial terms were not disclosed. “We are delighted that we have developed a positive solution with The Hartford for ASCO, and we look forward to welcoming ASCO and its staff into the Premia family,” Bill O’Farrell, Premia Chief Executive Officer.
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