Life & Health Insurance M&A » By The Online Investor Staff, updated Fri., Feb. 3, 11:46 AM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
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Slide #55. Enstar Group Limited — SeaBright Holdings, Inc.
Acquirer:
Enstar Group Limited (ESGR)
Acquiree:
SeaBright Holdings, Inc. (SBX)
Details:
Enstar Group Limited and SeaBright Holdings, Inc. jointly announced that they have entered into a definitive merger agreement under which Enstar will acquire SeaBright for $11.11 per share in cash. The purchase price represents a 34.3% premium over SeaBright's closing stock price today of $8.27.
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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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.
ESGR SEC Filing Email Alerts Service
Open the SBX Page at The Online Investor »
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