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The data point suggests that some multiple compression is evident in US broking. -
Sources said the deal between the PE firms valued the broker at in excess of 16x Ebitda, or $4bn+.
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It is understood that the goal is to use a capital injection to form a reciprocal.
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Insurance Insider US recently revealed the parties were in advanced sale talks.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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The transaction with Enstar covers $234mn of net Accredited reserves.
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The liquidators were confirmed at a hearing in Bermuda yesterday.
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The executive gave his view on the (re)insurance landscape and the impact of PE on the sector.
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This publication reported yesterday that the two carriers were nearing a deal.
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The disposal is the latest milestone in AIG’s work to reposition itself as a commercial lines insurer.
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The Bermuda courts will assess Onex’s lower, revised offer for the fronting unit.
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A deal would mark Amwins’ second LatAm sale, after Lockton acquired THB Brazil last May.
