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Deal volume for Q1 decreased to 111 transactions from 116 last year. -
The carrier’s goal for its specialty arm is to achieve $10bn in written premiums and a sub-90% CoR by 2030.
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The Insurance Insider US news team runs you through the key M&A deals from the past week.
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The firm will no longer have to compete with one hand tied behind its back.
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The business has ~$200mn of Ebitda, pointing to a likely multi-billion enterprise value.
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The vehicle will give the legacy carrier a US platform.
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Paragon co-CEOs James Kalbassi and Tara Falk will become Ardonagh shareholders.
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The buyer intends to fund the transaction with approximately 50% equity and 50% debt.
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The $15.5bn price tag equates to around 18x the company’s 2023 core Ebitda.
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The Insurance Insider US news team runs you through the past week’s key M&A deals.
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The business consists of the workers’ compensation book and auto casualty bill review solutions.
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The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.
