Aquarian Holdings Acquires Controlling Interest in Somerset Reinsurance Ltd.
January 10, 2023
Aquarian Holdings has closed the acquisition of a controlling interest in Bermuda-domiciled Somerset Reinsurance Ltd., a reinsurer focused on the U.S. life insurance and annuity market. Aquarian will provide substantial immediate and committed capital and, through Aquarian Investments, serve as asset manager to support Somerset Re's growth while existing investors Hannover Re and Weiss Family Interests retain ownership stakes and remain involved.
- Buyers
- Aquarian Holdings
- Targets
- Somerset Reinsurance Ltd.
- Sellers
- Atlas Merchant Capital, several other existing shareholders
- Industry
- Insurance
- Location
- Bermuda
- Transaction Type
- Buyout
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