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Somers Re is valued at ~$1.3bn, according to disclosures made in Arch’s Q3 2024 SEC filings. -
Some 700 colleagues will join the group as the German broker joins SRG’s shareholder roster.
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The move comes ahead of a planned sale of Wefox’s insurance business.
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The path to Howden’s new era is steep – but the opportunity is vast.
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LAU will become the new Core Specialty Aviation & Aerospace Division.
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The broker consolidator’s owners hired Evercore for a process in the autumn.
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The $2bn+ raise would likely rest on the base case of an IPO in the medium term.
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Aviva is targeting £125mn of annual savings within three years of the deal.
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This follows a preliminary agreement reached earlier this month.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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The strong deal multiple underscores the view of London as a “gateway to the world” for brokers.
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Insurance Insider revealed yesterday Stone Point will join Madison Dearborn and HPS as shareholders.
