Former Aspen CEO O’Kane to get $10mn transaction bonus
Former Aspen CEO Chris O’Kane has been granted a $10mn bonus and former CFO Scott Kirk has been granted a $1mn bonus for assisting in the Bermudian (re)insurer’s $2.6bn takeover by Apollo Global Management.
Ascent backer Preservation Capital builds MGA platform with Cove investment
Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.
Altamont in exclusive talks to buy Topa
Topa Insurance Group has entered into exclusive talks with potential buyer Altamont Capital as the Californian carrier moves closer to a sale, The Insurer can reveal.
AmTrust to become “significant minority” Canopius shareholder
AmTrust will become a “significant minority” shareholder in the PE-backed Lloyd’s insurer Canopius if it completes the sale of its Lloyd’s arm.
Apollo’s $2.6bn take-over of Aspen completes
Alternative investment heavyweight Apollo Global Management has cleared the final hurdle in its $2.6bn takeover of Bermudian carrier Aspen.
RSG swoops on Texan broker Myron Steves
Ryan Specialty Group has snapped up Myron F. Steves & Company (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas.
Ascent backer Preservation Capital builds MGA platform with Cove investment
Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.
Hamilton in pole position for £400mn+ Lloyd’s Pembroke deal
Bermudian (re)insurer Hamilton is the frontrunner to acquire the up-for-sale Lloyd’s insurer Pembroke after lodging a bid thought to be in the region of £400mn+.
Hyperion founder: “We will never sell”
Major new strategic initiative agreed with PE backers at industry’s soon-to-be largest non-US intermediary
Altamont in exclusive talks to buy Topa
Topa Insurance Group has entered into exclusive talks with potential buyer Altamont Capital as the Californian carrier moves closer to a sale, The Insurer can reveal.
Apollo’s $2.6bn take-over of Aspen completes
Alternative investment heavyweight Apollo Global Management has cleared the final hurdle in its $2.6bn takeover of Bermudian carrier Aspen.
RSG swoops on Texan broker Myron Steves
Ryan Specialty Group has snapped up Myron F. Steves & Company (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas.
Lloyd’s M&A: ERS and Neon will be the litmus test for PE appetite
Despite the proposed £400mn+ sale of Liberty Group’s Pembroke Managing Agency entering into exclusivity, a number of other Lime Street sale processes have recently faltered amidst buyer caution, a brutal 2019 business plan exercise and mismatches on valuation.
“Motivated buyer” Hamilton keen to bolster struggling Lloyd’s platform
Bermudian (re)insurer Hamilton’s Syndicate 3334 is one of the worst performing Lloyd’s syndicates and this may part-explain the news earlier today that it is the front runner in the process to acquire Liberty Group’s up-for-sale Pembroke Managing Agency.