-
The legacy carrier is to buy the captive from a “very large” multinational firm.
-
The vehicle has made at least 19 acquisitions since its 2020 purchase by HGGC.
-
The deal gives follow form binding authority on behalf of syndicates 1609 and 5399.
-
The agreement from Fleming to honour original terms still leaves it open to long-term damage.
-
The parties completed the acquisition of JRG Re “at the previously agreed upon terms.”
-
Ageas made headlines this year following an attempt to acquire Direct Line.
-
The MGA was founded by Natasha Attray, James Dodd, James Fletcher and Charles Turnham.
-
Increasingly, deals are being brought to market but not transacted on.
-
R&Q Legacy will book adverse development of ~23% of net reserves for the year.
-
Blue Signing Re CEO Velasquez will be XS Global's head of casualty motor, L&H and benefits.
-
The MGA platform has been under auction since last year.
-
Fleming had attempted to land ~$78mn in ‘economic concessions’ on the deal.
Most Recent
-
RSA, CNA settle ExCel Covid BI lawsuit
19 April 2024 -
RSA refocuses cyber capacity to InsurTech MGA Resilience
19 April 2024 -
Hadron aims for UK and Europe to make up half business
19 April 2024 -
HDI elevates Hensel to CUO
18 April 2024 -
Chief insurance officer Spencer exits Parsyl
18 April 2024