Premia Holdings Ltd.
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Premia Holdings Ltd. - overview
Established
2017
Location
Hamilton, -, Bermuda
Primary Industry
Insurance
About
Based in Hamilton, Bermuda and founded in 2017, Premia Holdings Ltd. is a reinsurance group that is focused on sourcing, structuring, and servicing run-off businesses. The company handles acquisitions and reinsurance transactions in the property and casualty run-off market. In January 2017, Arch Capital Group Ltd.
and Kelso and Company invested in Premia Holdings Ltd. In February 2021, a consortium of investors led by Aquiline Capital Partners agreed to invest in the company. Premia Holdings Ltd. services include acquisition of non-core lines of business or subsidiaries via reinsurance or acquisition and also provision of time of sale solutions for buyers and sellers with respect to non-core lines of business or subsidiaries.
Premia Holdings Ltd. also provides tailored, long-term solutions to reduce the capital held against non-core lines of business. The firm currently serves clients in Bermuda, US, and Europe.
Current Investors
Kelso & Company, Arch Capital Group Ltd.
Primary Industry
Insurance
Sub Industries
Reinsurance, Commercial Insurance
Website
www.premiaholdings.com
Verticals
InsureTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Premia Holdings Ltd. - timeline of key events
Premia Holdings Ltd. - financials
| Fiscal Year Ended | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|
| Revenue (USD) | - | - | - |
| % Revenue Growth (YoY) | - | - | - |
| EBITDA (USD) | - | - | - |
| Operating Income (USD) | - | - | - |
| Operating Margin | - | - | - |
| % EBITDA Margin | - | - | - |
| NET Income (USD) | - | - | - |
| % Net Margin | - | - | - |
Premia Holdings Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Announced | Premia Holdings Ltd. | - | ||||||||
| Trade Sale | Completed | Armour Group Holdings Limited | - | ||||||||
| Add-on, Corporate Carve Out | Completed | Armour Re Ltd. | - | ||||||||
| Add-on | Completed | Navigators Holdings (Europe) NV | - | ||||||||
| Add-on | Completed | Public Service Insurance Company | - |
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Premia Holdings Ltd. - employee data
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