Apollo Global Management Completes Acquisition of Aspen Insurance

Article 0 Comments Apollo Global Management LLC, the investment firm led by Leon Black, has completed its acquisition of Aspen Insurance Holdings for $42.75 per share in cash, with an equity value of approximately $2.6 billion. The transaction, which was first announced on Aug. 28, 2018, closed on Feb. 15, […]

Enmity Erupts Between Former Private Equity Partners Over Lucrative Insurance Units

Article 0 Comments Nearly a decade ago, Imran Siddiqui helped engineer a shrewd maneuver for buyout mogul Leon Black’s Apollo Global Management LLC, one that’s yielded many millions for the firm. Then Siddiqui and Apollo parted ways — and the sparks are still flying. Money, betrayal, revenge: this breakup story […]

Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe

Article 0 Comments Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity capital raise and concluded its shareholder restructuring after receiving regulatory approvals. As a result of this transaction, Apollo Global Management has become the majority shareholder of Catalina, […]

Aspen Insurance CEO O’Kane Issues Statement That He Will Step Down in 2019

Article 0 Comments Chris O’Kane, group chief executive of Aspen Insurance Holdings, issued the following statement to employees that he will step down from his position when Apollo Global Management completes its purchase of Aspen in the first half of 2019. The statement was filed on Oct. 1 with the […]

Auto Insurance Broker Confie Battles JC Flowers Over Failed Acquisition

Article 1 Comments It took just 78 days for a deal involving billionaire J. Christopher Flowers to blow up. Confie Seguros Holding II Co., an owner of auto-insurance brokerages that cater to Hispanic drivers with spotty credit, paid $100 million for another brokerage that had ties to Flowers — just […]

Private Equity Firm Apollo to Buy Aspen Insurance for $2.6 Billion

Article 0 Comments Apollo Global Management LLC, the investment firm led by Leon Black, agreed to acquire Aspen Insurance Holdings Ltd. for $2.6 billion, in the latest example of private equity investors expanding their insurance assets. Apollo will pay $42.75 a share in cash for the Hamilton, Bermuda-based insurer, 6.6 […]