-
The newly launched Marco Re will be led by Mark Elliott as CEO.
-
The Livingbridge-backed broker may return to market in 2025.
-
The transition is expected to be completed shortly after Q1 2024.
-
Rising legal costs show the risk of Howden’s growth-hungry approach.
-
-
The PE firm is exercising an option to maintain a significant holding.
-
The insurer launched in Q4 2023 with $250mn of backing from Altamont.
-
It is understood that the bank has been tapped to handle inbound attention.
-
Rates have fallen on the back of reduced deal flow in 2023.
-
The decision may point to a wide bid-ask spread between buyers and sellers.
-
Putting together two “show me” stories risks investor skepticism.
-
Chubb withdrew from writing transactional risk in London and all territories outside the US in 2020.