Capital Group Arch, an insider of Watford Holdings Ltd., recently disposed of 2,039,200 shares of the company. The disposals took place at $35.00 per share, on July 01, 2021. Arch no longer owns any shares of the company. Arch operates out of Pembroke, D0. Some additional info was provided as follows:
On July 1, 2021, in connection with the acquisition of Watford Holdings Ltd. (Watford) by Greysbridge Holdings Ltd. (Greysbridge Holdings), Arch Reinsurance Ltd. (ARL) transferred the 2,039,200 common shares of Watford owned by ARL to Greysbridge Holdings in a transaction valued at $35.00 per share. Following consummation of the acquisition and certain related transactions, Watford is a wholly owned subsidiary of Greysbridge Holdings and Arch Capital Group Ltd. indir ectly owns 40% of Greysbridge Holdings.
The reported securities were owned directly by Arch Reinsurance Ltd., a wholly owned subsidiary of Arch Capital Group Ltd.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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