Tysers
-
The broker’s revenue rebound was offset by reductions of business in Colombia and Ecuador. -
Despite the carrier’s profit declining, turnover increased by 15% to £19.2mn.
-
Plus this week’s top carrier results and need-to-know people moves.
-
The deferred structure – and the uncertainty around the size of the pay-outs – will create risk around talent flight for the London wholesaler.
-
The Australian buyer’s deal disclosures reveal details around regulatory probes into the London market wholesaler.
-
An additional deferred consideration of up to A$176mn may be payable two years after the completion, subject to Tysers reaching agreed revenue targets.
-
The move comes as the expected deal with AUB failed to materialise, and after Ardonagh stepped up its engagement.
-
The London market wholesaler stands to gain a variety of benefits from a possible Australian owner.
-
Odyssey began preparing Tysers for sale in May 2021 and launched a formal auction for it in June 2021.
-
The independent broker has an end to its long search for a new owner in sight.
-
The broker’s departure from the countries followed the sale of the broker’s interest in its Argentinian and Chilean subsidiaries.
-
Plus our take on London market financials a all of this week’s full-year results.
Most Recent
-
IIL appoints Marsh’s Lay as 2022-23 president
27 September 2022 -
Ian forecast to hit west-central Florida on Wednesday
27 September 2022 -
Postcard from Iumi: Mariners hail market progress but warn of headwinds
27 September 2022 -
THB recruits WTW’s Avio as South LatAm regional CEO
26 September 2022
