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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. -
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.
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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 company is considering separating its program management business Accredited from its legacy division.
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The news confirms this publication’s report from last month that Doxa was in the market to raise preference shares.
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Recent data shows an increase in InsurTech short interest and a slight uptick for brokers and P&C insurers as a result of economic uncertainty following the banking crisis.
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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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Inside P&C’s morning summary of the key stories to get you up to speed fast.
