-
A (Re)Connect panel of 2020 start-up leaders said the Covid lockdowns made for challenges in the build-out.
-
Asta’s Julian Tighe and Simon Norton will remain in post after the transaction. -
Initial £800mn price tag seems well out of reach as suitors struggle with heavy pro forma adjustments to earnings.
-
The CEO said large US retailers and wholesalers may look to enter reinsurance.
-
The carrier has finished the sale of its 50% shareholding in Axa Gulf and 34% shareholding in Axa Cooperative Insurance Company.
-
The business is being marketed by investment bank Morgan Stanley following last year's sale of Ariel Re.
-
Aon, Guy Carpenter and Lockton chiefs discussed competition between the Big Three brokers and start-ups, climate change and the war on talent.
-
The reinsurer was launched as a joint venture with Enstar, Allianz and Hillhouse in 2018.
-
S&P noted that the deal volume was the highest on record for a decade, and came despite uncertainty over pandemic claims.
-
Davies Group is among a number of potential buyers after talks with Artificial Labs fell through.
-
The brokers have signed a heads of terms and will move towards a full acquisition.
-
The acquisition is the fourth since Coverys’ European network was founded in January 2020.
