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Insight into the current state of the insurance M&A market, powered by the Insurance Insider US M&A Deal Tracker. -
In late August, Insurance Insider US revealed that Leavitt was looking for a minority investor.
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Sources said that the underwriter has been working with Houlihan Lokey to find a potential backer.
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It is understood that the TPA is working with Waller Helms on the process.
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Carlyle re-launched efforts to find minority investor last June.
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Sources said that the AmTrust-backed fronting carrier has retained Evercore to run the process.
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The executive spent over 15 years at Aon in various M&A-related positions.
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The MGA platform will become part of Ryan Specialty Underwriting Managers.
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The retail broker upsized its revolving credit and delayed draw term facilities.
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Sources said that Piper Sandler is running the sale process for the ~$50mn Ebitda business.
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Sources said that a deal between the two sides could be reached in the next couple of weeks.
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Deal flow is still far below levels seen in 2021.
