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Kestrel stock will begin trading on Nasdaq tomorrow under the symbol KG. -
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Sources said MarshBerry was retained earlier this year to run the sale.
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Are intermediaries facing tougher times as the broking supercycle winds down?
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Sources suggested that the multiple could be as low as the 13x range as valuations reset.
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Aviva and Direct Line struck the landmark deal in December.
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The exec said if he were a carrier CEO, now is the time he would start looking for deals.
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The group has hired Hines Associates to advise on the process.
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Backer Livingbridge’s second attempt to sell the broker has reached an impasse.
