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The deal comes barely a month after this publication revealed that Sura was exploring the sale of its unit in the South American country.
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The firm expects to obtain all regulatory approval to close the US deal over the next three to four months.
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Let’s get you up to speed on some of this week’s key M&A deals.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Americas saw the largest fall in M&A activity over the first half of 2023.
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The question of how to finance the private brokers no longer begins and ends with a PE flip.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The activist investor agreed not to acquire more than 9.5% of the outstanding shares of the company or an amount of ownership requiring regulatory approval.
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The firm closed a ~$1bn debt facility 15 months ago to fuel its expansion plans and is working on a similar structure that will boost its war chest for the near future.
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CEO Joseph Brown said that the firm is still engaged in conversations to sell a portion of its insurance operations or the entire company.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s news team runs you through the key M&A deals from the past week.