Arch Reinsurance Acquires Somerset Bridge Group and Southern Rock Holdings

Aquarian Holdings Acquires Controlling Interest in Somerset Reinsurance Ltd.

January 10, 2023

Insurance

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.

Arthur J. Gallagher & Co. Acquires Southern Insurance Group, LLC

September 11, 2023

Insurance

Arthur J. Gallagher & Co. acquired Columbia, Mississippi-based Southern Insurance Group, LLC. The acquisition expands Gallagher's retail property/casualty brokerage presence in Mississippi and the Southeast U.S.; Southern Insurance Group's team will remain in place and operate under Gallagher's Mid-South brokerage leadership.

Arch Capital, with Warburg Pincus and Kelso, Acquires Watford Holdings Ltd.

July 2, 2021

Financial Services

Arch Capital Group Ltd., together with investment partners Warburg Pincus and Kelso & Company, completed the all-cash acquisition of Watford Holdings Ltd. under a revised agreement that valued the deal at roughly $700 million ($35.00 per share). Arch will hold ~40% of a newly formed affiliated purchaser while Warburg Pincus and Kelso will each hold ~30%, with the transaction intended to support Watford’s long‑term strategy and continuity of service for policyholders.

Arch MI to Acquire RMIC Companies, Inc. from Old Republic

November 13, 2023

Insurance

Arch U.S. MI Holdings (Arch MI), a subsidiary of Arch Capital Group Ltd., has signed a definitive agreement to acquire RMIC Companies, Inc. and its subsidiaries, the run-off mortgage insurance business of Old Republic International Corporation. RMIC's approximately $1.0 billion risk-in-force portfolio will be integrated into Arch MI's U.S. primary mortgage portfolio; the transaction is expected to close in the first half of 2024, subject to regulatory approval.

4Com Acquires Southern Communications from Livingbridge

December 17, 2021

Telecommunications

Bournemouth-based telecom consolidator 4Com has acquired Southern Communications (also referred to as Southern Business Communications), a Basingstoke-founded provider of fixed-line, data, mobile and cloud services. The deal represents an add-on consolidation for 4Com as it continues a roll-up strategy in the UK B2B telecoms market; Livingbridge, which backed Southern since 2016, has exited the investment.

Ardonagh Group Acquires Thames Underwriting

August 17, 2020

Insurance

The Ardonagh Group has acquired Thames Underwriting, a Leigh-on-Sea–based managing general agent (MGA) that serves brokers across the Construction, Leisure and Commercial sectors. Thames (a 30-strong team) will join Ardonagh's MGA brands within Geo Specialty Group Holdings Limited, expanding Ardonagh's specialist underwriting capability and broker distribution with existing delegated authorities to Lloyd's and A-rated insurers.