WatersTechnology.com Waters Wrap: Microsoft’s capital markets play (And Algorithmics thoughts)
Anthony takes a look at an interesting announcement between FactSet and Microsoft and what it could hint at as to Microsoft’s future in the capital markets. He also examines Algorithmics in the year after the SS&C acquisition. Print this page
Before we get into this week’s topics for the Waters Wrap, just a reminder that
WatersTechnology will be hosting its first event the Innovation Exchange of 2021 on March 22-25 (virtually, of course). That first day of the event will focus on issues pertaining to ESG.
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Algorithmics, which started doing business in 1989, has known relative stability in its product line, establishing its bona fides in the realms of market risk analytics and regulatory services. It’s on the M&A front that the changes have occurred.
In the 21
st century, the vendor has been acquired three times. At the start of 2005, Fitch Group bought Algorithmics for $175 million. Then, in late 2011, it was tech behemoth IBM acquiring Algorithmics for about $380 million. That pairing was also
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The asset manager’s merger-and-go-public transaction is under legal threat from Sixth Street, an investment firm in which Dyal owns a stake and which claims it can block the tie-up. The real root of the rancor may be who wins financially in such deals and who doesn’t.
Enstar sells US life insurance subsidiary Pavonia to Aquarian
17-02-2021
23-01-2017
Legacy specialist Enstar Group has agreed to sell its wholly-owned US subsidiary Pavonia Life Insurance Company of New York to Aquarian Holdings.
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Ardonagh Group expands into Australia with acquisition
16-02-2021
04-09-2019
UK insurance intermediary The Ardonagh Group has expanded in Australia with the acquisition of Resilium BidCo, the country s largest independently owned intermediary network.
With offices in Sydney, Melbourne and the Gold Coast, Resilium connects a network of more than 150 Corporate Authorised Representatives (ARs) with over 100 insurers globally, providing business and personal insurance solutions to clients across Australia.
Resilium will continue to be led by managing director Adrian Kitchin, who has overseen the business’ growth trajectory over the past five years, with GWP under management of over A$500 million in 2020, generating revenue of A$19 million for the financial year ending 30 June 2020.