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When a Grade A franchise like Hub refis at this kind of valuation, the read across to other assets is highly negative. -
Senior departures, the Corebridge stock price and the arrival of Dan Loeb all throw up additional obstacles.
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The billionaire’s mooted take-private will hinder CEO Egan’s efforts to steady the ship.
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Cutting a multi-billion carrier in two looks likely to be the preserve of a select group.
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While there were sparks of cheerfulness among attendees, a careful reading of the room showed that rationalism is superseding optimism.
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Sources suggest that Aon has been proactive in weighing acquisitions since Q4, with a US mid-market platform the obvious gap.
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The fronting carrier’s reinsurance write-down is the first crack in the segment’s impressive edifice – it won’t be the last.
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For years, Florida attorneys have utilized one-way attorney fees and assignment of benefits to bleed the insurance market of thousands of dollars.
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The new CEO is perpetuating what has worked in his predecessor’s strategy and refining certain elements.
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American insurance broker Hub International is working with investment bank Morgan Stanley to sell a minority stake in itself in a $25 billion deal.
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Macro forces are set to challenge the structural advantages which have boosted the MGA sector in recent years.
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The $500mn puts PCF in a position to pay substantial earnout liabilities, but also means it must find a way to get growth to outpace the coupon.
