-
The investment will be used to scale operations and extend its presence in key international markets. -
-
The syndicate will focus on writing non-cat delegated authority business.
-
Both parties expect to close the transaction on 1 August 2024.
-
The transaction will make Allianz the fourth-largest composite insurer in Asia.
-
It is understood that the brokerage is working with external consultants and is open to a sale, JV or other options.
-
Steadfast, AUB and BMS have joined the top 20.
-
Conditions are coalescing for an uptick in carrier M&A after many subdued years.
-
The Lloyd’s broker specialises in US E&S business.
-
The carrier made several attempts to acquire the Ash Bathia-led syndicate.
-
Regulators are mulling reforms that could open the door to international independent brokers.
-
This publication reported that parties including Sompo and Generali were circling the carrier.
