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LAU will become the new Core Specialty Aviation & Aerospace Division. -
III also denies its CEO made anti-gay remarks or harassed a gay employee.
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Federal court securities class actions hit a four-year high last year.
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Terms of the deal, which is expected to close in Q1, were not disclosed.
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Old Republic Cyber will focus on providing specialized cyber and technology-related coverage.
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Sources said the platform has retained Barclays and Goldman Sachs to run a process.
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Former COO Jack Falvey’s appointment as CEO was reported last August.
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The transaction comes after Kestrel explored a deal last quarter to raise ~$150mn of capital.
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In June 2023, Hale Partnership got its license from the Cayman Islands Monetary Authority for HP Re.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Brian Young is now Fairfax president, while Carl Overy is Odyssey CEO.
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The $2bn+ raise would likely rest on the base case of an IPO in the medium term.
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