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Sources said that Piper Sandler is advising the Dallas-based program manager on the process. -
The executive is charged with defrauding investors out of nearly $500mn.
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Earlier this year, Insurance Insider US revealed that the PE firm was looking to extend its investment.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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Insurers are pleased, brokers are looking for trade-offs, and everyone’s talking about Howden.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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The deal will give the broker access to an M&A war chest to fuel inorganic growth.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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The business has been ~70% owned by White Mountains since January 2024.
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Sources said that Howden Capital Markets is advising the fronting company.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Verisk's recent deals and its interest in cyber-analytics firm CyberCube show M&A in the segment has ticked up.
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Sources said the start-up has two $10mn+ Ebitda platform deals lined up.
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The deal values the Onex-backed P&C broker at over $7bn.
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Other parties that looked at the business include CPPIB, Permira and Carlyle, sources said.
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Onex is making the investment alongside PSP, Ardian and others.
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This publication revealed earlier this year that the firm was working with Ardea to explore strategic options.
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The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
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This publication reported earlier today of the asset manager’s foray into the MGA space.
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The company generated $71.4mn in revenue for H1 2025.
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The new MGU is expected to formally launch before the annual WSIA marketplace in San Diego.
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The PE-backed MGA has Morgan Stanley, Bank of America and JPMorgan advising.
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A view into PE-fueled activity in the MGA sector, as LatAm carrier M&A accelerates.
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The likes of Genstar, Leonard Green and Bain also looked at the program manager.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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Sources said that the start-up will be fronted by Bain-backed Emerald Bay.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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It is targeting low-risk specialty lines where it has a competitive edge.
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The industry veteran also served as president and CEO of Starr Global Accident & Health.
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AmeriLife and OneDigital are in the market while Relation is preparing for a liquidity event.
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A growing divide in business courts could impact future D&O underwriting, sources said.
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Morgan Stanley first invested in Cover Whale in May 2024 with structured debt.
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Sources said the Atlanta-based platform retained Evercore to run the auction.
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Sources said that Evercore is running the process, which went through first-round bids earlier this month.
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The PE-backed MGA lined up Morgan Stanley, JP Morgan and Bank of America to advise.
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This publication revealed the planned stake purchase earlier this week.
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In May, this publication revealed that Warburg was among the PE bidders for KAP.
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Arturo Pelaez will continue in his managing director role at Brookfield Asset Management.
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The Bermudian investor already owned a 1% interest in the NY-based MGA platform.
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The deal, revealed by this publication in December, values the firm at $14bn.
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A second look at the services deals boom powered by this publication’s M&A Tracker.
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Sources said BMO was retained earlier this year to advise on the strategic process.
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GCP retains a controlling interest in the Californian retail brokerage.
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Argo shelved the sale of its Bermudian insurance business in mid-2024.
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This publication revealed back in February that Itel was being prepared for a sale.
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The deal values the company, formerly PCF, at roughly $5.7bn.
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The PE firm’s Aaron Cohen said full integration of broking assets is crucial.
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Additional investors include Fidelity, Apollo Funds and Gallatin Point.
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The sale process was first reported by this publication three months ago.
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Insurance Insider US revealed last year that Intercare had retained MarshBerry to explore strategic options.
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Insurance Insider US revealed last week that Hub had secured a ~16.5x Ebitda valuation in its “private IPO”.
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Flexpoint Ford has also positioned itself as a potential minority backer.
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The executive also spoke about growing organically and via M&A.
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MGA platforms, however, are seeing higher multiples than those in retail.
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Sources said JP Morgan and RBC are advising the brokerage.
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Sources said the firm retained Ardea to run the process.
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The MGA will focus on insurance for agents, carrier partners and clients.
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The deal echoes Lightyear’s earlier investment in Inszone Insurance.
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The sale price represents Elephant’s approximate net asset value.
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Sources said Morgan Stanley has been drafted in to run the auction later this year.
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In operation since 1991, Pearl represents Ocean Harbor and Equity insurance companies.
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NY-based PE firm BBH Capital has exited its minority investment following the recap.
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Sources said the Ethos-led group will take roughly a 40% stake.
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This publication revealed last October that BroadStreet was seeking investors.
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Insurance Insider US examines potential tariffs’ impact on the PE-backed brokers amid the jammed conveyor belt.
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The executive was most recently chief revenue officer at Aon.
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Insurance Insider US revealed last December that the firm had retained RBC to run a strategic process.
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Sources said Brown & Brown has an advantage as it entered the process several weeks ago.
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This publication revealed earlier that Command was seeking a new backer.
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The unfunded commitment related to the investment was $24.4mn in 2024.
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There were no signs of deceleration in claims and insurance services M&A during February.
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Last October, this publication revealed that NSM was considering a carve-out of its B2B programs.
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The news comes around three months after GTCR agreed to sell AssuredPartners to AJ Gallagher for nearly $13.5bn.
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Sources said the Lake Mary, Florida-based firm is working with boutique bank Lincoln International.
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The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding.
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Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
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Last July, this publication revealed that the agency had retained Piper Sandler to run a process.
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This publication revealed in July that Aperture had retained Deloitte for the sale.
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Risk Strategies looks like the deal that makes most sense, but other targets could include Galway or Hilb.
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Sources said the platform has retained Barclays and Goldman Sachs to run a process.
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Sources said that with the equity refinancing, Alliant secured an enterprise value of ~$25bn.
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The new, publicly listed specialty program group will be led by Luke Ledbetter.
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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.
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The Montreal broker will use the funds to expand its Canadian operations.
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Sources said the ~C$55mn Ebitda business retained RBC to run the strategic review.
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In March, Insurance Insider US revealed that Arden had retained Dowling Hales to find an investor.
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WTW will hold a significant minority stake in the start-up with an option to acquire complete ownership over time.
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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.
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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.
