-
The deal is the latest in a wave of European broker consolidation. -
The pair bought the broker together from WTW in 2021.
-
CBC is SRG’s 19th acquisition to date and its sixth this year.
-
The sale of the carrier’s home and pet operations includes an initial cash consideration of £82.5mn, with the potential to earn up to £32.5mn more.
-
Over the last seven years Euclid has insured $3.2tn of deal value and has booked nearly $770bn of total incurred loss through 97 paid claims.
-
Backed by Aviva’s underwriting capacity, Optiom provides vehicle replacement insurance in Canada.
-
The Bill O’Farrell-led legacy business has appointed Evercore as it looks for a fresh PE or strategic backer.
-
WTW also said private equity will continue to dominate the M&A landscape in 2024, with firms sitting on “over $2tn in dry powder” which is ready to deploy.
-
UK and Europe head Pathak said MGAs offer strong cash generation and low volatility.
-
The $10bn broking firm is progressing in its pivot towards specialty and international business, and an asset management model.
-
Current CEO Thomas Bradley, who announced his intention to retire on the closure of the deal, will receive a one-time cash bonus of $1.2mn.
-
To help you keep track of investment activity in the UK's private broking sector, Insurance Insider has mapped out the important relationships between the key players and their capital providers.
