Lightyear Capital poised to buy into Cooper Gay
US private equity firm Lightyear Capital is set to widen its participation in the insurance sector by investing in global broker Cooper Gay Swett & Crawford, The Insurance Insider can reveal.
Lightyear, which controls Lloyd's insurer Antares and holds a top-five stake in Bermudian carrier Flagstone Re, is in line to make a significant investment in Cooper Gay to help increase the capital base of the business and fuel acquisitions ahead of a delayed IPO in a few years' time...
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