-
Sources said the company has assessed different options to bring in additional capital this year as it ramps up its growth strategy. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
In an interview, CEO Bill Johnson addressed reports of agency partner concerns, the firm’s unaudited financials, its performance and 2023 targets.
-
With this investment, the program manager is majority-owned by management and the Connecticut-based PE house.
-
Other names believed to have looked at the asset include CD&R, CVC and Hg, as the process reaches its latter stages.
-
The MGA is also looking at securing a captive wholesale broker, and a niche play within reinsurance broking.
-
American insurance broker Hub International is working with investment bank Morgan Stanley to sell a minority stake in itself in a $25 billion deal.
-
Inside P&C’s news team runs you through the key highlights of the week.
-
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.
-
JP Morgan served as sole placement agent for the transaction.
-
Management of the insurance broking business should seek to seize the opportunities of independence with both hands.
-
Increased cost of capital is cooling tuck-in M&A, encouraging a pivot to organic growth and forcing greater creativity around financing.
