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David Howden’s distribution group is poised to buy the UK retail broker from PE house HG. -
CEO Amanda Blanc has promised to take “decisive action” over businesses that fail to meet strategic objectives.
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The two CEOs say the combined entity will focus on emerging risks, new forms of capital access and “under-served” pockets of the market.
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Lockton Re and McGill and Partners argue clients will look for more choice after the Aon-Willis merger.
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The partial sale to BGC's affiliate follows a market testing of the broking operation's value.
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Insurance Insider wraps up some of the key themes from Day 1 of the (Re)Connect conference.
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The private equity house holds a majority stake in the business and invested five years ago.
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The disposal is the first major action under new CEO Amanda Blanc.
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The purchase gives the buyer new regional offices in Manchester, Bristol and Perth.
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Ron Bobman says a deal valuing the carrier at $26/sh, or $500mn, will not win shareholder approval.
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Arch Capital reportedly offered to buy the business for a per-share value over 45% above yesterday’s close.
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The move by the founding shareholder follows activist investor pressure on the reinsurer.
