Accelerant Holdings Ltd. entered into a share purchase agreement to acquire Omega Insurance Holdings Inc. from Till Capital Corporation (TSXV:TIL) for approximately CAD 13 million on June 18, 2021. As part of consideration Accelerant will pay Till Capital Corporation an aggregate purchase price of 1.15 times the aggregate book value of the Omega Companies, or approximately CAD 13.7 million. As of August 23, 2022, Accelerant Holdings agreed to pay Till an aggregate purchase price of 1.15 times the book value of Omega as of closing, or approximately CAD 12.98 as of June 30, 2022. Completion of the transaction is subject to approval of Canada?s Office of the Superintendent of Financial Institutions, the TSX Venture Exchange and certain other customary consents and provincial insurance regulatory filings. Till Capital Corporation is pleased to announce it has received approval in writing from more than 50% of Till?s shareholders. On October 5, 2023, Till Capital Corporation is pleased to announce the receipt of approval from the Deputy Prime Minister and Minister of Finance for the transaction.

Accelerant Holdings Ltd. completed the acquisition of Omega Insurance Holdings Inc. from Till Capital Corporation (TSXV:TIL) on October 12, 2023