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The week also saw further reshaping in contingency and marine markets, and Insurance Insider’s InsurTech conference. -
The amount of special purpose acquisition company (SPAC) capital currently available points to a continued elevated period of InsurTechs using SPACs as a means to go public, according to a panel of investors in the sector.
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An exit would carry a multi-hundred-million price tag.
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The acquisitive broker has recently expanded across Continental Europe with a string of deals.
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The combination still needs sign-off from US, EC and other international authorities.
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The intermediary has made its second Continental European acquisition as it looks to expand.
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The pending disposals come after a major deal to sell a range of P&C assets to Gallagher for $3.6bn.
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The second deal within a week to placate European regulators involves 350 staff and five offices.
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The executive joins after a string of acquisitions since SRG’s investment from HGGC.
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The CEO says the transaction accelerates AJG's strategy in Europe by five years.
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Resolution facilities will allow the businesses to continue to trade in a post-Brexit environment.
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The $3.57bn side deal is contingent on the closing of the bigger merger, which itself needs approval from regulators including the European Commission and Department of Justice.
