-
A deal was announced last July, with Cathay agreeing to take a 16.75% GIH stake. -
There were 166 deals over $100mn and 34 deals over $1bn in the first quarter of the year.
-
Sources said the Bermuda carrier has been working with Jefferies on the sale.
-
The Singapore sovereign wealth fund has taken over GIC’s holdings in the broker.
-
BP Marsh took a 30% cumulative preferred ordinary shareholding in Devonshire.
-
The deal will create a personal lines firm controlling £3bn in premiums.
-
AI was the hot topic throughout the InsurTech Insights event.
-
This follows the broker’s report last year, which also found a “notable uptick” in claims.
-
The UK and Ireland led in the EU market, with 232 deals announced.
-
Direct Line had rejected two prior attempts by the Belgian carrier.
-
The unit will target Northern European M&A within the next six months.
-
Retentions and coverage could be affected by future adverse claims trends.
