Arden to Sell Atrium and Arden Reinsurance to Enstar Group
Bermuda-based catastrophe reinsurer Arden Holdings Ltd. has agreed to sell its remaining subsidiaries, Atrium Underwriting Group Ltd. and Arden Reinsurance Company Ltd. to Enstar Group Ltd. Atrium will be acquired for approximately $183 million while Arden Reinsurance will be acquired for approximately $79.6 million. Both transactions are expected to close by the end of 2013. Among Arden's early investors were The Blackstone Group, Texas Pacific Group, Thomas H. Lee Partners, Oak Hill Capital Partners, Olympus Partners, Bain Capital, SAB Capital and Eton Park Capital Management.
6 June 2013•2 mins read
