Arch Reinsurance Ltd’s Acquisition Of Barbican Group Holdings Limited


WBD has advised Bermuda-based Arch Reinsurance Ltd on its agreement to purchase Barbican Group Holdings Limited from funds managed by Carlson Capital, a U.S.-based alternative asset management firm.

The acquisition, which remains subject to regulatory approval, includes Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Lloyd’s Syndicate 1856, Lloyd’s Special Purpose Arrangement 6132, Castel Underwriting Agencies Limited and other associated entities. WBD also recently advised Arch on its £31m purchase of Ardonagh’s commercial lines business, which completed in January.

Barbican Holdings Ltd is headquartered in England. The company’s line of business includes underwriting insurance, such as insuring bank deposits and shares in savings and loan associations.

Carlson Capital Holdings LP operates as an investment management company. The Company offers pooled investment vehicles, as well as provides advisory and planning services.

Arch Capital Group Ltd., a Bermuda-based company with approximately $12.49 billion in capital at June 30, 2019, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

RBC Capital Markets acted as exclusive financial adviser to Arch. TigerRisk Capital Markets & Advisory acted as exclusive financial advisor to Carlson Capital and Barbican. Legal advisers to Arch were Womble Bond Dickinson (UK) LLP, with Willkie Farr & Gallagher (UK) LLP acting as legal advisers to Carlson Capital.

The WBD team was led by Corporate Partner Tom Fitzpatrick (Picture) along with Insurance Partner Jonathan Drake and Corporate Associate Alex Fergus.

Involved fees earner: Jonathan Drake – Womble Bond Dickinson; Alex Fergus – Womble Bond Dickinson; Tom Fitzpatrick – Womble Bond Dickinson;

Law Firms: Womble Bond Dickinson;

Clients: Arch Reinsurance Ltd;