Completed · Luxembourg · Financial services and insurance
Premia Holdings acquires Cowen Reinsurance.
Premia Holdings, a Bermuda-based specialist in legacy and run-off insurance, completed on 30 October 2026 its acquisition from TD Bank of Ramius Enterprise Luxembourg Holdco and its subsidiaries, including the Luxembourg property and casualty reinsurer Cowen Reinsurance, after approval by the Luxembourg insurance regulator. Cowen Reinsurance has been renamed Premia Reinsurance Europe; the deal was announced on 2 November 2026. The deal completed on 30 October 2026.
SigningDay 100
Announced 2 November 2026 · Day 100 on 7 February 2027
- Buyer
- Premia Holdings Ltd. ·Pembroke, BM
- Target
- Cowen Reinsurance S.A. (now Premia Reinsurance Europe S.A.) ·Luxembourg
- Type
- Acquisition
- Announced
- 2 November 2026
- Completed
- 30 October 2026
- Value
- Not disclosed
- People
- Not stated in the release
- Last checked
- 4 November 2026
The people side in Luxembourg
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
- In an asset deal, staff move on their existing terms, and the transfer alone is no ground for dismissal. Acquired Rights Directive (Council Directive 2001/23/EC), articles 3 and 4
- In an asset or business transfer, seller and buyer each inform their staff representatives in good time of the date, reasons, implications and planned measures, and consult on those measures. Acquired Rights Directive (Council Directive 2001/23/EC), article 7
- Depending on the country, undertakings with 50 or more employees, or establishments with 20 or more, inform and consult employee representatives on decisions likely to change work organisation or contractual relations substantially. Information and Consultation Directive (Directive 2002/14/EC), articles 3 and 4
Sources
More deals into LuxembourgMore deals by buyers from BMFinancial services and insurance dealsNovember 2026
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