-
The experienced market practitioner has worked on over 30 closed legacy transactions.
-
Allianz/Athora, Generali and Macif have also reportedly submitted offers for the company.
-
Former controlling shareholder Carlyle will re-invest for a minority stake in the Brendan McManus-led broking group. -
Plus TransRe contingency losses, Lloyd's chief of staff and a round-up of the rest of the week’s most popular news.
-
As well as a rebrand, the move will see BGC’s insurance assets brought together under one holding company.
-
The pair are believed to be in latter-stage negotiations with plans for a broader sales process potentially shelved.
-
Conditions ahead of the deal’s closing include the completion of a Tryg rights issue, regulatory clearances and High Court approval.
-
The purchase is the Florida-based broker’s fourth UK acquisition and gives it a presence in Scotland.
-
The Allianz-owned non-life carrier closed to new business in 2015.
-
Economic headwinds combine with high valuations to create greater impetus for intermediary sales.
-
This publication previously reported the retail broker would change hands for more than £250mn.
-
The intermediary’s acquisition of the equestrian broker comes after a new investment from the middle-market private equity firm.
