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Three months ago, Starboard trimmed its stake by almost 14% to 1,925,491 shares valued at over $470mn from 2,232,209 shares at the end of Q3. -
Securities filings show the conglomerate’s ownership of Markel holdings was valued at over $600mn at the end of March.
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Inside P&C’s news team runs you through the key highlights of the week.
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Bermudian carrier SiriusPoint’s equity stake in D&O MGA Banyan Risk has been reduced to 49% from 100%, filings show.
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Mega-round funding accounted for the smallest percentage of total funding since Q1 2020, according to Gallagher Re’s latest Global InsurTech Report.
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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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When a Grade A franchise like Hub refis at this kind of valuation, the read across to other assets is highly negative.
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Inside P&C revealed in late March that Leonard Green was one of the two remaining parties in the process, with an enterprise value of under $25bn, based on bids of ~16x just under $1.5bn of Ebitda.
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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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Sources said the executive had a minority ownership interest believed to be around 20%-30% of the operation.
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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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Sources said the company has assessed different options to bring in additional capital this year as it ramps up its growth strategy.
