Mergers and Acquisitions
Reinsurance intermediary EWI Re sourced a recent assumption transaction completed by Randall & Quilter Investment Holdings Ltd. (R&Q). The deal was an assumption of auto liabilities from a Connecticut-domiciled risk retention group (RRG) to R&Q's wholly owned A- admitted insurer, Accredited Surety and Casualty Company.
American International Group, Inc. (AIG), has entered into a definitive agreement to acquire Validus Holdings, Ltd., a provider of reinsurance, primary insurance, and asset management services. The acquisition represents a significant step forward in AIG's strategy to deliver profitable growth and brings a diverse and complementary set of franchises across specialized products and regions.
Davies Group, a leading operations management, consultancy, and digital solutions provider, will acquire Randall & Quilter's (R&Q) insurance services and captive management operations. The sale follows R&Q's previously announced decision to simplify its operations to focus on core high-growth activities.
Sedgwick Claims Management Services, Inc., a leading global provider of technology-enabled risk and benefits solutions, has signed an agreement to acquire Cunningham Lindsey, a global loss adjusting, claims management, and risk solutions firm.