Legacy specialist continues expansion with first Montana captive.
The union will create the seventh-largest player in the non-life Spanish market.
The review of the operations comes as Axa seeks buyer for Central and Eastern European operations.
The consultancy said in a new report that insurance deal activity is expected to be “robust” this year.
Demotech’s actions expected to have only a minimal net impact on reinsurance demand.
The broker’s senior team, led by chairman Peter Cullum and CEO David Margrett, are expected to stay on.
The closing ends an M&A process disrupted by the emergence of a secret bidder, which caused Lovell Minnick to raise its purchase price.
Lloyd Koty will join NFP as senior vice president, reporting to West region managing director Ed Kurowski.
The professional services firm said it was seeking to provide a broad range of solutions for clients.
Buyer PSC pays to pay out first performance-based sum as Ebitda soars.
Deal multiples rose as high as 15.8x Ebitda in a hot market for broking assets.
The underwriter was one of the staff to leave Barbican following the Arch acquisition.