-
The Insurance Insider US news team runs you through some of the key M&A intelligence from the past week.
-
Sources said the Gemspring Capital-backed group retained investment bank Baird earlier this year as adviser in the sale process.
-
Saul Fox, chairman and controlling shareholder, said: “Our M&A market information that suggested we pursue a transaction at this time was not realized.”
-
Reagan’s quarterly report noted that private brokers booked 10.2% Q3 organic growth in Q3, the fourth quarter in a row of double-digit growth, and the fifth out of the last six.
-
The valuation represents around 26.08x of the insurance agency’s LTM earnings and 5.11x of its revenue as of September 30.
-
The Insurance Insider US news team runs you through some of the key M&A deals from the past week.
-
Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
-
Cedeño Camacho will expand his insurance carrier holdings to North America.
-
Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
-
In addition to Lightyear’s capital injection, current backer BHMS agreed to roll a material portion of its existing equity and made an additional investment alongside Lightyear.
-
The Bill O’Farrell-led legacy business has appointed Evercore as it looks for a fresh PE or strategic backer.
-
Insurers should reserve as conservatively as possible, maximize their product set, and decide if they are buyers or sellers.