-
Sources said JP Morgan and RBC are advising the brokerage. -
The deal is expected to close in the second quarter.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
The broker's share price dipped 11% in morning trading after its Q1 earnings missed expectations.
-
Sources said the firm retained Ardea to run the process.
-
The MGA will focus on insurance for agents, carrier partners and clients.
-
The sale price represents Elephant’s approximate net asset value.
-
The Kelso and Arch-backed run-off player has retained Evercore to advise.
-
The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance quarter.
-
Sources said Morgan Stanley has been drafted in to run the auction later this year.
