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Plus, the latest people moves and all the top news of the week. -
Apax and Carlyle will continue to back the broker consolidator.
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The business is one of the first to sell in this round of Lloyd’s M&A.
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It was announced earlier today that the US wholesaler had agreed to acquire Atrium.
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The deal comes amidst an expected spell of M&A on Lime Street.
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The cyber business will continue to operate as a standalone entity.
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The carriers remain in takeover negotiations but have not reached a decision around valuation.
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The take-private deal was announced in July 2024.
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The expansive broker now employs over 450 people in Japan, after launching there in 2024.
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The $2.6bn deal provides Ergo with an entry point to the US SME market.
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The deal puts an equity value of £275mn on the broking firm.
