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The broker will use the new base to access Latvia and Lithuania.
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The inability to strike a deal sends both buyer and seller back to square one. -
The Bermudian carrier acquired the Middle Eastern agency in 2019 as part of its purchase of Ironshore.
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More than half of deals completed this year exceeded $1bn in value.
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The broking giant has spent the past eight weeks executing on the strategy it developed for the combined firm.
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The French mutual’s attempt to enter reinsurance via an acquisition has been thwarted again, according to French publication L’Argus de l’assurance.
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The transaction marks the 11th international acquisition by Kaufman in the past nine years.
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The deal is expected to be concluded within the first quarter of 2022.
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Concerns that the pandemic would lead to heightened levels of buyer’s remorse have not materialised, according to a Liberty GTS survey.
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This publication revealed in April that Evercore had been retained to run a process for the cyber-focused MGA.
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MGA revenue growth is outpacing the insurance broking space thanks to emerging lines of business.
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Ark raised $70mn in a debt offering last week, after raising €39.1mn and $47mn in July and August, respectively.
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