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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. -
The company has been buying out Omers’ shares since 2015.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The executive has prior experience at Houlihan Lokey, Nomura and Deloitte.
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Deal value was driven by mega deals including MMA-McGriff and Enstar-Sixth Street.
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The carrier doesn’t have big concentrations with distributors and conducts business with individual brokers.
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Rasher also has offices in Seville, Cordoba, Valencia, Malaga, Granada and Pamplona, as well as Latin America.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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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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The deal is financially attractive, but risks diluting the jewel that is Gallagher’s US mid-market business.
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AIG launched an IPO of Corebridge Financial in September 2022.
