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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal. -
Under the terms of the offer, shareholders would receive A$45 for each AUB share.
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The buy-in can be seen as a “flip” bet on a rebound in appetite for carrier M&A.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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The Australian broker, which owns Tysers, announced a trading pause.
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The EUR100mn+ Ebitda firm is courting both PE and trade suitors.
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The company and its main debt provider Ares agreed to relax its debt terms in April.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Munich Re is among the insurers with a stake in the German carrier.
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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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Carriers are rethinking the traditional renewal-rights model.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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The newly united company has set out ambitions to double in size by 2030.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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West Hill Capital is the main investor in the capital raise.
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The business has been ~70% owned by White Mountains since January 2024.
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Inigo CEO Richard Watson said the team is ready for its “second album”.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Kantara now holds a majority stake in the MGA, with the rest held by employees.
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Current backer JC Flowers will retain its holding and the cash will fund a Bermuda acquisition.
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Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
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The company will continue its capacity partnership with the MGA until 2030.
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The deal will be watched closely by Radian’s handful of similar peers.
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