{"id":474403,"date":"2021-04-09T16:18:17","date_gmt":"2021-04-09T20:18:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474403"},"modified":"2021-04-09T16:18:17","modified_gmt":"2021-04-09T20:18:17","slug":"watford-announces-purchase-of-axeria-iard","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/watford-announces-purchase-of-axeria-iard\/","title":{"rendered":"Watford Announces Purchase of Axeria IARD"},"content":{"rendered":"

<\/p>\n

Watford Announces Purchase of Axeria IARD<\/b><\/p>\n

HAMILTON, Bermuda–(BUSINESS WIRE<\/a>)–
\nWatford Holdings Ltd. (“Watford”) (NASDAQ: WTRE) has completed the purchase of Axeria IARD (\u201cAxeria\u201d), a property and casualty insurance company based in France. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group.\n<\/p>\n

\nAxeria is headquartered in Lyon, France, with branch offices in Lille and Bordeaux and is active in the French and European Union commercial property and casualty insurance market with in-force gross premiums written of approximately \u20ac140 million.\n<\/p>\n

\nWatford Chief Executive Officer Jon Levy commented: \u201cWe are pleased to add Axeria to our insurance business in Europe and look forward to working with them to carry out our development in the region. Our objective is to leverage our large capital base and Axeria\u2019s experienced team to strengthen existing business relationships and to build new ones.\u201d\n<\/p>\n

About Watford Holdings Ltd<\/b><\/p>\n

\nWatford Holdings Ltd. (Nasdaq ticker “WTRE”) is a global property and casualty insurance and reinsurance company with approximately $1.2 billion in capital as of December 31, 2020, with operations in Bermuda, the United States, and Europe. Its operating subsidiaries have been assigned financial strength ratings of \u201cA-\u201d (Excellent) from A.M. Best and \u201cA\u201d from Kroll Bond Rating Agency. On May 1, 2020, A.M. Best announced that it had placed under review with negative implications the financial strength ratings of Watford’s operating subsidiaries. On April 7, 2021, Kroll Bond Rating Agency confirmed its Watch Developing status for Watford\u2019s ratings.\n<\/p>\n

Cautionary Note Regarding Forward Looking Statements<\/b><\/p>\n

The Private Securities Litigation Reform Act of 1995 (the \u201cPSLRA\u201d) provides a \u201csafe harbor\u201d for forward-looking statements. This news release contains forward-looking statements. Forward-looking statements, for purposes of the PSLRA or otherwise, generally can be identified by the words \u201cbelieves,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cestimates\u201d or similar expressions that indicate future events. These forward-looking statements include statements regarding the Axeria IARD acquisition, including the expected timing of the acquisition and the related integration, the benefits of the acquisition and the impact of the acquisition on our and Axeria IARD’s business, results of operations and financial condition. Such statements are based on current assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including: uncertainties with respect to obtaining regulatory approval, satisfying other conditions to closing and the timing thereof; market conditions; and other risks set forth in the Company\u2019s Registration Statement on Form S-1 (File No. 333-230080), as amended, filed with the Securities and Exchange Commission (the “SEC”), and in the Company\u2019s periodic reports filed with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Watford disclaims any obligation to update these forward-looking statements because of new information, future events or circumstances or other factors. <\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210409005309\/en\/<\/a><\/span><\/p>\n

\nLaurence Richardson (Investor Contact): lbr@watfordholdings.com<\/a><\/p>\n

KEYWORDS:<\/b> United States France Caribbean Bermuda North America Europe<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Professional Services Professional Services Insurance Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Watford Announces Purchase of Axeria IARD HAMILTON, Bermuda–(BUSINESS WIRE)– Watford Holdings Ltd. (“Watford”) (NASDAQ: WTRE) has completed the purchase of Axeria IARD (\u201cAxeria\u201d), a property and casualty insurance company based in France. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group. Axeria is headquartered in Lyon, France, with branch offices in Lille and Bordeaux and is active in the French and European Union commercial property and casualty insurance market with in-force gross premiums written of approximately \u20ac140 million. Watford Chief Executive Officer Jon Levy commented: \u201cWe are pleased to add Axeria to our insurance business in Europe and look forward to working with them to carry out our development in the region. Our objective … <\/p>\n

Continue reading “Watford Announces Purchase of Axeria IARD”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474403","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWatford Announces Purchase of Axeria IARD - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/watford-announces-purchase-of-axeria-iard\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Watford Announces Purchase of Axeria IARD - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Watford Announces Purchase of Axeria IARD HAMILTON, Bermuda–(BUSINESS WIRE)– Watford Holdings Ltd. (“Watford”) (NASDAQ: WTRE) has completed the purchase of Axeria IARD (\u201cAxeria\u201d), a property and casualty insurance company based in France. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group. Axeria is headquartered in Lyon, France, with branch offices in Lille and Bordeaux and is active in the French and European Union commercial property and casualty insurance market with in-force gross premiums written of approximately \u20ac140 million. Watford Chief Executive Officer Jon Levy commented: \u201cWe are pleased to add Axeria to our insurance business in Europe and look forward to working with them to carry out our development in the region. 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