Premia to acquire Armour Re from Aquiline Capital Partners.

Premia, a reinsurance group, agreed to acquire Armour Re, a Bermuda-based P&C legacy reinsurer, from Aquiline Capital Partners. Financial terms were not disclosed. In conjunction with the acquisition, an Aquiline-led investor group is making a growth equity investment in Premia. Between the equity raise and the sidecar raised at the end of 2020, Premia has significant fresh capital to execute on opportunities in the fast-growing legacy market.