Insight and Intelligence on the London & International Insurance Markets 22 Jan 2018
Armour confirms takeover by Aquiline
- 3 January 2018
Legacy manager Armour has confirmed its acquisition by investors led by Aquiline Capital Partners, as reported by The Insurance Insider yesterday.
The private equity firm will fold the target into a new $500mn legacy carrier operating under the Armour brand, while the Armour holding company will be renamed Trebuchet Holdings.
The new vehicle established by Aquiline will be called Armour Group.
Validus is thought to be a key investor in the deal.
The transaction marks the start of a fresh...
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