The Online Investor
Insurance Brokers M&A image Insurance Brokers M&A » By The Online Investor Staff, updated Mon., Nov. 29, 6:31 PM Recent mergers and acquisitions in the Insurance Brokers M&A category.

Slide #39. Tower Group International, Ltd. ACP Re, Ltd.

Acquirer: Tower Group International, Ltd. (TWGP)
Acquiree: ACP Re, Ltd.
Details: Tower Group International, Ltd. (NASDAQ:TWGP) (Tower) announced today that on January 3, 2014 it entered into an Agreement and Plan of Merger (Merger Agreement) with ACP Re Ltd. (ACP Re), and a wholly-owned subsidiary of ACP Re (Merger Sub), pursuant to which, subject to the satisfaction or waiver of the conditions therein, it is expected that Merger Sub will merge with and into Tower, with Tower as the surviving corporation in the merger and a wholly owned subsidiary of ACP Re. The transaction is expected to close by the summer of 2014. ACP Re is a Bermuda based reinsurance company. The controlling shareholder of ACP Re is a trust established by the founder of AmTrust Financial Services, Inc. (AmTrust), National General Holdings Corporation (NGHC) and Maiden Holdings, Ltd.

Tower Group International is a holding company. Through its subsidiaries, Co. provides a range of commercial, personal property and casualty insurance products and services to businesses in various industries and to individuals. Co. has three business segments: Commercial Insurance, which provides commercial lines property and casualty insurance products to businesses on both an admitted and non-admitted basis; Assumed Reinsurance, which provides international assumed reinsurance and certain U.S. based assumed reinsurance; and Personal Insurance, which provides personal lines property and casualty insurance products to individuals, and also includes the Reciprocal Exchanges.

Open the TWGP Page at The Online Investor »

Company Name: 
Tower Group International, Ltd.
Website: 
www.twrgrpintl.com
Sector: 
Insurance Brokers
 

Open the TWGP Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree TWGP Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Insurance Brokers M&A - Slide 39 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.