Life & Health Insurance M&A » By The Online Investor Staff, updated Fri., Feb. 3, 10:50 AM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
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Slide #31. Enstar Group Limited — U.S. and Canadian Closed-Life Insurance Operations From HSBC Finance
Acquirer:
Enstar Group Limited (NASDAQ:ESGR)
Acquiree:
U.S. and Canadian Closed-Life Insurance Operations From HSBC Finance
Details:
Enstar Group Limited (Nasdaq:ESGR) announced today that one of Enstar's wholly-owned subsidiaries completed the previously announced acquisition from Household Insurance Group Holding Company of HSBC Insurance Company of Delaware and Household Life Insurance Company of Delaware, as well as its three subsidiary insurers, on March 31, 2013. Household Insurance Group Holding Company is a subsidiary of HSBC Holdings plc.
Enstar Group is a holding company. Co. is a multi-faceted insurance group that provides capital release solutions and underwriting capabilities through its network of group companies. Co.'s segments are: Non-life Run-off, which comprises the operations of its subsidiaries that are running off their property and casualty and other non-life business; Atrium Underwriting Group Limited, which provides marine, aviation and transit, binding authorities, reinsurance, accident and health, and non-marine direct and facultative lines of business; and StarStone Insurance Bermuda Limited, which provides casualty, marine, property, aerospace, and workers' compensation lines of business.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: ESGR Stock Forecast Based on Zacks ABR data; powered by Xignite |
