Ardonagh
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Pro-forma income hit $1.9bn for the year, alongside pro-forma Ebitda of $695mn.
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The talks are advanced, and the process is likely to move rapidly.
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The broker aimed to secure better terms and borrow more from public lenders.
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The pair hail from Miller and Aon respectively.
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The challenger broker is continuing to build out its presence on the island.
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The broker has used Whitespace since 2019.
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Rance’s remit will include credit, marine, cyber, parametrics and motor.
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The former Accredited CEO spent most of his career at Aon Reinsurance.
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Investors are still keen on UK broking – but they may expect more for their money.
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Price Forbes will become the dominant brand, while international CEO Ferguson will exit the business.
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The transaction will reduce the firm’s reliance on private debt deals.
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The regulator is calling for comments on the deal by 13 February.
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