On the Record · Navigators
Navigators acquisitions, on the record
The businesses Navigators bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
insurance agency operations in Sweden and Denmark (NUAL AB and Navigators A/S)Word for word“Also, effective January 1, 2017, the Parent Company sold its insurance agency operations in Sweden and Denmark to Ryan Specialty Group, LLC (“RSG”).” 10-K for 2016 | divestiture | effective January 1, 2017 | — |
Bracht, Deckers & Mackelbert NV (BDM) and Assurances Continentales – Continentale Verzekeringen NV (ASCO), including Canal Re S.A.Word for word“As aggregate consideration for the purchase of the shares of BDM and ASCO, our Company will pay EUR 35 million (which is approximately USD $42 million, based on the exchange rate as of December 31, 2017) in cash at the closing of the transaction, which is subject to the satisfaction or waiver of customary closing conditions, including among other things, regulatory approvals from the National Bank of Belgium with respect to the transfer of ASCO shares and from the Luxembourg Insurance Commission with respect to the indirect transfer of the shares of Canal Re.” 10-K for 2017 | agreed acquisition | — | EUR 35 million |
Renewal rights to fixed-premium protection and indemnity business (sold to Thomas Miller Specialty Underwriting Agency Limited)Word for word“On February 7, 2018, NMUK entered into a Renewal Rights Agreement with Thomas Miller Specialty Underwriting Agency Limited ("Thomas Miller"), pursuant to which Thomas Miller agreed to acquire the renewal rights to our Company's fixed-premium protection and indemnity business.” 10-K for 2017 | agreed divestiture | February 7, 2018 | — |
Bracht, Deckers & Mackelbert NV (BDM) and Assurances Continentales – Continentale Verzekeringen NV (ASCO)Word for word“On June 7, 2018, we acquired 100% ownership interest in Bracht, Deckers & Mackelbert NV, an insurance underwriting agency organized under the laws of Belgium (“BDM”) and Assurances Continentales – Continentale Verzekeringen NV, an insurance company licensed under the laws of Belgium (“ASCO”).” 10-K for 2018 | acquisition | June 7, 2018 | — |
Fixed-premium protection and indemnity business (renewal rights sold to Thomas Miller)Word for word“On February 7, 2018, certain wholly owned subsidiaries of our Company entered into a Renewal Rights Agreement with Thomas Miller Specialty Underwriting Agency Limited and Thomas Miller & Co Limited (collectively “Thomas Miller”), pursuant to which Thomas Miller agreed to acquire the renewal rights to our Company’s fixed-premium protection and indemnity business.” 10-K for 2018 | divestiture | February 7, 2018 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $0 | — |
| 2018-12-31 | $22.4 million | $12.7 million |
Deal filings since 2016
- 2019-05-23 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-11-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Navigators’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.