McGriff
-
The deal’s closing comes just a month and a half after the companies announced the transaction. -
The transaction will be one of the largest involving two strategics in broking history.
-
With the disposal, TIH would amass a robust war chest for a looming MGA consolidation arms race.
-
Sources said that the business will be marketed off adjusted Ebitda of ~$500mn, including a title broking asset.
-
Sources said Stone Point and CD&R will each have stakes of around 35%.
Most Recent
-
NAIC elects new leadership, chooses North Dakota’s Godfread as president
November 20, 2024 -
Daily Digest: Top news from November 20
November 20, 2024 -
Nuclear verdicts nearly triple since 2020: Allianz
November 20, 2024 -
Intact CFO Marcotte to step down in 2025
November 20, 2024