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The question of how to finance the private brokers no longer begins and ends with a PE flip. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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In addition, Pelican founder and TigerRisk executive chairman Rod Fox has joined Nsure’s advisory board.
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The vehicle will focus on middle-market transactions in the US and Europe across the insurance value chain.
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In addition, the insurer completed the $240mn sale of its agribusiness unit Crop Risk Services to American Financial Group (AFG).
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Corsair-backed broker has retained Morgan Stanley and Piper Sandler to advise.
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Recent top line growth and improved performance will need to be weighed against historical underperformance at group level, but the opportunity could attract a non-traditional buyer.
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Onex reduced its position in the wholesaler by almost two-thirds to nearly 3.7% from around 11.3%, while president Tim Turner sold ~700,000 of his nearly 4.9 million shares.
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The intermediary employs over 150 staff members and has annual revenues of $15mn-$20mn.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
