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The PE firm is exercising an option to maintain a significant holding.
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The insurer launched in Q4 2023 with $250mn of backing from Altamont.
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It is understood that the bank has been tapped to handle inbound attention.
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Rates have fallen on the back of reduced deal flow in 2023.
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The decision may point to a wide bid-ask spread between buyers and sellers.
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Putting together two “show me” stories risks investor skepticism.
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Chubb withdrew from writing transactional risk in London and all territories outside the US in 2020.
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A deal would mark Amwins’ second LatAm sale, after this publication revealed that Lockton acquired THB Brazil last May.
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Ron Gardenier, the current chief MGA at Aon, will be appointed CEO of the newly formed entity.
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In its first year under new ownership and after setting up its own managing agency in 2022, the Lloyd’s syndicate is looking at ways to leverage its infrastructure.
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Mosaic has also added CNA Hardy’s Emily Humphreys to its PV team as part of the deal.
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