M&A
-
Sentry announced its $1.7bn acquisition of The General last week.
-
Ethos’ transactional liability MGU is not included in the deal.
-
The investment will be used to expand its product portfolio and continue global expansion.
-
The Insurance Insider US news team runs you through this week’s key M&A deals.
-
The deal marks Sentry’s largest transaction in its 120-year history.
-
Altas joins current investors Carlyle and Stone Point Capital.
-
Westaim reported roughly $79mn in net proceeds from the sale.
-
The denial followed this publication’s report that Covéa had renewed its intentions to buy the reinsurer.
-
The mutual’s approach comes as Scor continues efforts to fight back from performance issues including a flare-up in L&H.
-
The choice to build a reinsurance unit at arm’s length alleviates some financial strain.
-
The Insurance Insider US news team runs you through this week’s key M&A deals.
-
The two parties are targeting a launch by the end of the year, with scope for WTW to buy the start-up at maturity.
-
Zaffino said the divested crop and travel businesses needed scale to be more profitable.
-
The deal helps boost Davies’ growth across North America and Canada.
-
The transaction complements its previous acquisition of RMS in 2021.
-
The acquisition marks Bishop Street’s entry into commercial lines.
-
The take-private is expected to close by mid-2025.
-
Sources said that the business will be marketed off adjusted Ebitda of ~$500mn, including a title broking asset.
-
In connection with the transactions, Conifer CEO Nick Petcoff resigned from the position.
-
The underwriting units produced revenue of $11mn in the year to June 30.
-
Geo Europe CEO Walter Craft will remain with the financial lines business.
-
The Insurance Insider US news team runs you through this week’s key M&A deals.
-
Negotiations come after Insurance Insider US revealed that the Bermudian was running an auction.
-
Reagan Consulting has been retained to advise the ~$125mn Utah-based brokerage.
-
The broker has seen an “outpouring of interest” from talent looking to join since the Truist exit.
-
Deal sizes also remain high, with EVs in July averaging over $440mn.
-
The Insurance Insider US news team runs you through this week’s key M&A deals.
-
Current backer CIVC will retain a minority stake in Y&A alongside management and staff.
-
The company still has ambitions to sell the business.
-
Competition is high and rates remain under pressure.
-
Mexico City-based Ant was founded in 2019 by Alejandro Cabrera.
-
Rusas and Miraglia will grow Alliant’s M&A nationwide.
-
The Houston, Texas-based program manager will join Ryan Specialty’s healthcare MGU Sapphire Blue.
-
Mainsail offers 17 lines of insurance including auto, property and commercial coverage.
-
The news team runs you through this week’s key M&A deals.
-
Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.
-
The new broking president added that hundreds of Marsh staff would not show up tomorrow at WTW.
-
Travelers now holds around 6.2% of Fidelis, down from over 7.2%.
-
The Insurance Insider US news team runs you through this week’s key M&A deals.
-
Palomar acquired FIA for 1.7x closing book value to enter the surety market.
-
The wholesaler is shifting its business mix towards delegated underwriting, which should help sustain growth.
-
Quintes' revenues for 2025 are projected in the $110mn-$120mn range.
-
Brady Gallagher becomes M&A director for the brokerage’s retail operations.
-
The Insurance Insider US news team runs you through this week’s key M&A deals.
-
Index members took over 242 agencies in the first half of 2024, down from 260 a year ago.
-
The acquisition includes up to $400mn of performance-based contingent considerations measured through 2026.
-
The announcement confirms news this publication revealed in July.
-
Mark Lange, chief middle-market executive, will oversee the new businesses.
-
Markel acquired 98% of Valor last month and has the option to buy the remaining equity stakes.
-
The ratings agency said Sixth Street provides flexibility through long-dated capital.
-
The judge relied heavily on a previous UK court decision.
-
The deal values the business just under its closing price on Friday, at 0.97x book value.
-
Quintes will continue to be led by Gijsbert van de Nieuwegiessen, CEO and founder.
-
The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
-
The Insurance Insider US news team runs you through this week’s key M&A deals.
-
The investment will be used to scale operations and extend its presence in key international markets.
-
CFO Doug Howell said the company has invested around $700mn in M&A this year.
-
Piper Sandler has been retained to advise the board as it seeks a new institutional backer.
-
Sources said that Deloitte was retained to run the strategic process for the Texas-based business.
-
Both parties expect to close the transaction on August 1, 2024.
Most Recent
-
Carriers ‘behaving rationally’, looking to grow: Gallagher
September 19, 2024 -
RT Specialty announces six leadership appointments
September 19, 2024 -
Honeycomb secures Builders capacity for E&S real estate program
September 19, 2024 -
Aon taps Burgos to succeed Criado as Puerto Rico head
September 19, 2024 -
Daily Digest: Top news from September 19
September 19, 2024