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ClosedPublished 23 Mar 2026

Devondale /
FG Re

FG Nexus completes sale of reinsurance division

Buy side: Devondale
Buy sideDevondale
Target: FG Re
TargetFG Re
FG Nexus Inc. · 23 Mar 2026Source
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Buy side: Devondale
Buy sideDevondale
Target: FG Re
TargetFG Re
01 / BuyerDevondale
02 / TargetFG Re
Source for the buyer and target: FG Nexus Inc.

For the buyer and target.

“At the First Closing, in accordance with the terms of the Transaction Agreement, the Company completed the sale of the equity of FG Re and FG Solutions to Devondale in exchange for (1) the release of $3.3 million of collateral that FGRH had posted in connection with certain reinsurance contracts of the FG Reinsurance Division; and (2) 40% of the Class A voting units of Devondale (collectively the “Consideration”).”

Published 23 Mar 2026

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01

What happened

FG Nexus Inc. has finished selling its FG Reinsurance Division, which included FG Re and FG Solutions, to Devondale Holdings, LLC. The final $1.0 million cash payment was tendered on March 23, 2026, after the initial closing in January 2026 and the earlier agreement signed in October 2025. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · FG Nexus Inc.

FG Nexus completes sale of reinsurance division

This document is the source for the companies, stage, figure and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Agreement signed

    “The final $1.0 million cash payment was tendered on March 23, 2026, after the initial closing in January 2026 and the earlier agreement signed in October 2025”

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  2. Closed

    “The final $1.0 million cash payment was tendered on March 23, 2026, after the initial closing in January 2026 and the earlier agreement signed in October 2025”

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  3. Also stated

    “The final $1.0 million cash payment was tendered on March 23, 2026, after the initial closing in January 2026 and the earlier agreement signed in October 2025”

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  4. Published by FG Nexus Inc.

    The source this page is built from.

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