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It comes as the MGA expects to write more than $1bn of premium in 2026. -
The carrier has renewed and extended its capacity arrangement with the MGA.
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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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What’s driving the wave of shifting ownership structures in the Lloyd’s market?
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Current backer JC Flowers will retain its holding and the cash will fund a Bermuda acquisition.
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Aon’s Enrico Vanin will lead the platform as CEO.
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Insurance Insider reported earlier today of the asset manager’s foray into the MGA space.
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The tech firm is building a joint stock company with insurers and investors.
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The broker’s joint venture with Bain Capital still lacks a CEO.
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The deal ends Livingbridge’s two-year attempt to sell the UK broking/MGA platform.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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The deal comes amid heightened interest in German distribution assets.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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It is targeting low-risk specialty lines where it has a competitive edge.
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The firm has quadrupled its Ebitda since 2022.
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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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Goldman Sachs and Cinven have also participated in the German broker’s sale process.
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PE owner Livingbridge brought the broker to market two years ago.
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Continued Apax and Carlyle support will give PIB time to differentiate its business.
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The business is one of the first to sell in this round of Lloyd’s M&A.
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Arturo Pelaez will continue in his managing director role at Brookfield Asset Management.
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