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In operation since 1991, Pearl represents Ocean Harbor and Equity insurance companies. -
Meco's 2024 gross written premiums totaled $63mn.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
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Fortegra launched a sale process months ago with Barclays and BofA advising.
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The move will enable Hadron to deliver more admitted insurance solutions to clients and policyholders.
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Sources said the Ethos-led group will take roughly a 40% stake.
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The business will still look at large non-life deals in particular in-the-money ADCs.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Business hates uncertainty and geopolitical tensions are off the charts.
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The deal had HSR approval and was waiting on approval from the UK.
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This publication revealed last October that BroadStreet was seeking investors.
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Insurance Insider US examines potential tariffs’ impact on the PE-backed brokers amid the jammed conveyor belt.
