Reinsurance News

Armour Group Ltd.

Premia to acquire Armour Re; secures Aquiline-led equity investment

22nd February 2021

Reinsurance run-off group, Premia Holdings Ltd., has agreed to acquire Armour Re Ltd., a Bermuda-based P&C legacy reinsurer and a wholly-owned subsidiary of Armour Group Ltd., in an all-share transaction. Armour Group is an Aquiline Capital Partners LLC portfolio company and in concurrence with the acquisition, an investor group led by ... Read the full article

Armour Group hires Bruskova as Group Chief Risk Officer

30th September 2019

Bermuda headquartered property and casualty specialist run-off insurer Armour Group Ltd. has announced the hiring and appointment of Yulia Bruskova as its new Group Chief Risk Officer. Bruskova will take up the new position with legacy and run-off solutions and acquisitions specialist Armour in November and will report to the Group ... Read the full article

Ex-Lloyd’s CFO John Parry moves to Armour

22nd May 2019

Bermuda based insurer Armour Group has announced the appointment of John Parry as its Group Chief Financial Officer (CFO), starting in June. Lloyd’s of London revealed earlier this month that Parry was set to leave the corporation, where he has worked since 2001, most recently as CFO. In this role, he ... Read the full article

Armour Group appoints two new senior executives

10th August 2018

Armour Group Ltd has appointed Ranbeer Bhatia as Head of business development in North America and Andrea Piatti as Head of European Mergers and Acquisitions (M&A). Bhatia, who will also be responsible for the group’s global capital markets function, has over 15 years of industry experience, with particular expertise in sourcing, ... Read the full article

Trebuchet (Armour) leads on acquisition of BICO’s legal expense insurance business

12th March 2018

Trebuchet Group Holdings Limited, an investment vehicle owned by the founders and principals of Bermudian insurance and reinsurance services, investing, run-off and legacy specialists Armour Group, is leading the acquisition of a controlling interest in the legal expense insurance business of Canadian firm BICO Risk Management Inc. A consortium led by ... Read the full article

Armour reveals $500mn investment to fund further P&C run-off growth

3rd January 2018

P&C run-off insurer Armour has announced that it has raised up to $500 million in equity commitments in partnership with an investor group that is led by Aquiline Capital Partners, to fund a new reinsurer, Armour Group Ltd. The new reinsurance group will co-invest in global P&C run-off transactions in parallel ... Read the full article