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It is understood that CyberCube has been considering a sale of the business.
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The insurer has been under review with positive implications since March.
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Skyward’s acquisition of Apollo will provide access to the London Bridge framework.
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The cycle-turn M&A story continues with strategic buyers to the fore.
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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
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The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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The deal is part of Gallagher’s ongoing Asia-Pacific investment strategy.
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The Japanese carrier faces integration challenges to make a success of the deal.
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The deal ends Livingbridge’s two-year attempt to sell the UK broking/MGA platform.