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The appointment follows B&B’s acquisition of Accession. -
The deal multiple is understood to be around 15x adjusted Ebitda.
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Plus, the latest people moves and all the top news of the week.
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The merger is on track to close in H2 2025, CEO Pat Gallagher said.
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The PE firm’s Aaron Cohen said full integration of broking assets is crucial.
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Corporates buying Lloyd’s syndicates face the culture/integration trade-off.
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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.
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Frustration is growing around a promised independent operating model and staff reward.
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Plus, the latest people moves and all the top news of the week.
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The dropped process is JC Flowers’ second attempt to sell the international broker.
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Kestrel stock will begin trading on Nasdaq tomorrow under the symbol KG.
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