2015
- Skyward Specialty acquires Elite, a MGU specializing in medical stop loss insurance for small employers. Westaim supports this acquisition, with an additional equity investment of approximately US$50.6 million.
- Westaim partners with Dan Zwirn to build Arena Investors Group Holdings, LLC (“AIGH” or “Arena”) and the Arena FINCOs. Arena Investors operates as an alternative investment manager offering third-party clients access to fundamentals-based, asset-oriented credit and other investments that aim to deliver attractive yields with low volatility. Arena Investors provides investment services to third-party clients consisting of but not limited to institutional clients, insurance companies, private investment funds and other pooled investment vehicles. The Arena FINCOs represent Westaim’s proprietary capital invested in Arena’s core investment strategy. To support this transaction, Westaim completes an equity financing, raising approximately US$180 million through the issue of Westaim common shares to the public.