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Sources said the Bermuda carrier has been working with Jefferies on the sale. -
Altamont-backed Fleming says it remains willing to acquire JRG Reinsurance.
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PCF claims it overpaid the first year earnout by over $19mn in the $226mn acquisition of Rice.
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The deal value represents roughly 4x last year’s insurance broking income.
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Regular adjusters multiples are in the high-single to low teens.
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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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Earlier this month this publication revealed that Aquiline was seeking a buyer for Accuserve.
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It is understood that the company aims to launch in Q3 or Q4 of this year.
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Trisura is expanding the firm’s licenses to include all 50 states and Washington, DC.
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The Ahoy! deal marks the first acquisition for the RedBird-backed MGA.
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The deal will create a personal lines firm controlling £3bn in premiums.
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Sources said Morgan Stanley is handling the sell-side mandate.
