-
The CEO also disclosed that the break fee on the takeover is $250mn.
-
The deal is expected to close in mid-2024 and will be funded by $7bn of cash and $6.4bn of Aon stock.
-
The acquisition was “amongst the most significant” the broker has made in Continental Europe, according to Howden.
-
CVC funds will invest into Dale to support business growth, which will result in CVC acquiring a majority stake in the business, the companies said.
-
It is understood that AUB’s investment in Mexbrit includes the broker’s marine-focused MGA subsidiary Forte Underwriters.
-
Potential suitors have been asked to bid off adjusted Ebitda of ~£40mn.
-
The deal is the latest in a wave of European broker consolidation.
-
The pair bought the broker together from WTW in 2021.
-
CBC is SRG’s 19th acquisition to date and its sixth this year.
-
The sale of the carrier’s home and pet operations includes an initial cash consideration of £82.5mn, with the potential to earn up to £32.5mn more.
-
Over the last seven years Euclid has insured $3.2tn of deal value and has booked nearly $770bn of total incurred loss through 97 paid claims.
-
Backed by Aviva’s underwriting capacity, Optiom provides vehicle replacement insurance in Canada.
Most Recent
-
Barents Re-backed insurer Nacional rejects European approach
17 October 2024 -
Moody’s RMS posts Milton insured loss estimate of $22bn-$36bn
17 October 2024 -
O’Brien resigns from Guy Carpenter
17 October 2024 -
Axis marine re head Gray resigns to join Westfield Specialty
17 October 2024