Premia Completes Acquisition of Ramius Luxembourg Holdco
The deal brings Cowen Reinsurance into Premia's European reinsurance operations under the new name Premia Reinsurance Europe S.A.
Updated on Nov. 3, 2026 in Financial Services
Premia Holdings Ltd. has completed its acquisition of Ramius Enterprise Luxembourg Holdco S.à r.l. and its subsidiaries from TD Bank, closing on October 30, 2026. The transaction, which was approved by the Commissariat Aux Assurances in Luxembourg, includes property and casualty reinsurer Cowen Reinsurance, which has been renamed Premia Reinsurance Europe S.A.
Why it matters
The acquisition expands Premia's footprint in continental Europe, where the insurance and reinsurance group already operates alongside its locations in Bermuda, the US, and the UK. The deal reflects Premia's focus on sourcing and servicing business in the global property and casualty legacy market.
Premia reports more than $5 billion in completed transactions in the global property and casualty legacy market, the total volume of deals it has closed to date. The price paid for Ramius Enterprise Luxembourg Holdco was not disclosed.
The players
Premia Holdings Ltd.
Premia Holdings is a Bermuda-based insurance and reinsurance group that sources, structures and services business in the global property and casualty legacy market.
TD Bank
TD Bank is a major Canadian multinational banking institution that was the seller of Ramius Enterprise Luxembourg Holdco in this transaction.
Commissariat Aux Assurances
The Commissariat Aux Assurances is Luxembourg's state insurance regulator, which approved the transaction before it closed.
The details
Premia Holdings Ltd. acquired Ramius Enterprise Luxembourg Holdco S.à r.l. and its subsidiaries, including property and casualty reinsurer Cowen Reinsurance, which was renamed Premia Reinsurance Europe S.A. after the transaction closed. Premia expects to use its financial strength, underwriting approach and structuring expertise to deliver greater value to insurers in the region.
Timeline
October 30, 2026: Acquisition of Ramius Enterprise Luxembourg Holdco closed.
November 3, 2026: Announcement of the completed acquisition was published.
Market Landscape
The deal extends Premia's presence in the global property and casualty legacy market, a segment where specialist firms acquire and manage run-off portfolios from larger carriers and banks. By adding a Luxembourg-regulated reinsurer, Premia strengthens its ability to service European insurers within that competitive niche.
For policyholders insured through Cowen Reinsurance, the renaming to Premia Reinsurance Europe S.A. reflects a change in corporate ownership and branding rather than a change in the entity's regulated status. Customers should review any correspondence from the reinsurer to confirm the updated contact and servicing details.
The takeaway
Ownership changes in the reinsurance sector can reshape which company services existing policies, so stakeholders should track regulator-approved transactions to understand who ultimately administers their coverage.
Further reading
Explore more coverage in our Financial Services section for context on insurance and reinsurance deals.
