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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Aquarian Closes Acquisition of Pavonia Life Insurance Company of New York

January 4, 2022 GMT

NEW YORK--(BUSINESS WIRE)--Jan 4, 2022--

Aquarian Holdings (“Aquarian”) today announced that it has closed its acquisition of Pavonia Life Insurance Company of New York (“Pavonia”).

Aquarian announced earlier this year that it had signed a definitive agreement to acquire Pavonia from a wholly owned U.S. subsidiary of Enstar Group Limited.

“We are excited to close our acquisition of Pavonia to continue the growth of our insurance holdings,” said Rudy Sahay, Founder and Managing Partner at Aquarian. “Adding Pavonia helps us execute on our strategy of building an exceptional solutions-based platform that can extend value to our policyholders.”

About Aquarian Holdings

Aquarian Holdings is a diversified holding company with interests in businesses including insurance, asset management, real estate, and technology. We draw on our decades of collective experience to provide debt and equity capital solutions that meet the objectives of our partners and portfolio companies. For more information, please visit www.aquarianlp.com.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20220103005510/en/

CONTACT: Media

Anthony Lacavaro, Aquarian Holdings,alacavaro@aquarianlp.com, 212.720.1015

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Aquarian Holdings

Copyright Business Wire 2022.

PUB: 01/04/2022 12:00 PM/DISC: 01/04/2022 12:02 PM

http://www.businesswire.com/news/home/20220103005510/en