Sunstar valued at around $740mn or ~15x Ebitda in Reverence deal
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Sunstar valued at around $740mn or ~15x Ebitda in Reverence deal

The data point suggests that some multiple compression is evident in US broking.

By Adam McNestrie
July 02, 2024
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memphis trolly sunstar ULIC Universal Life Insurance Company.jpg

PE house Reverence’s majority investment in Sunstar Insurance valued the business at roughly 15x Ebitda. This comes as a fresh data point emerged suggesting some multiple compression in the US broking space due to a reversal of tailwinds, Insurance...

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