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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Verisk entered the agreement to purchase the SaaS platform in July this year.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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This year, Brown & Brown, WTW and Baldwin emerged as major acquirers in the latest consolidation cycle.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Ackman will need leaders like Ajit Jain behind him and make the right bets at the right price at the right time.
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Ackman is targeting high-teens RoE at Vantage via underwriting gains and equity investing.
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The deal follows a minority investment from the insurer in the summer.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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Sources said the auction launched after Thanksgiving with Relation marketed off adjusted Ebitda of around $130mn.
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The deal valued the tech-driven broker at over ~21x 2025 adjusted Ebitda, suggesting a hefty premium.
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Insurance deals leader Mark Friedman said there is a backlog of companies looking to go public.
