Endurance Specialty Holdings Agrees to Acquire Montpelier Re Holdings for $1.83 Billion

March 31, 2015

Willkie represents Credit Suisse Securities, financial advisor to Montpelier Re Holdings Ltd., in the transaction. 

On March 31, Endurance Specialty Holdings Ltd. and Montpelier Re Holdings Ltd. announced that they have entered into a definitive merger agreement pursuant to which Endurance will acquire Montpelier for consideration of 0.472 shares of Endurance and $9.89 in cash for each Montpelier common share, which represents $40.24 per Montpelier common share, or $1.83 billion in aggregate.  Willkie represented Credit Suisse Securities, financial advisor to Montpelier Re Holdings Ltd., in the transaction.  The deal is expected to increase Endurance’s scale and market presence.  Endurance is a global specialty provider of property and casualty insurance and reinsurance. Montpelier, through its operating subsidiaries, is a premier provider of global property and casualty reinsurance and insurance products.  Both companies are based in Bermuda. 

The deal was handled by partners Laura Delanoy and Alexander Dye and associate Laura Acker.