Tawa continues diversification with Chiltington purchase
Tawa has agreed to purchase the Chiltington Group as it hastens its diversification away from being a pure run-off acquirer and boosts its growing footprint in the (re)insurance services sector.
The transaction will see Tawa purchase 100 percent of Hamburger Internationale Ruckversicherung (HIR), the holding company of Chiltington, for a combined consideration of EUR3.6mn.
The total is made up of conditional deferred dividend rights of up to EUR3mn and 3 million new ordinary shares of 10 pence per value each...
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