Ardonagh Group Ltd. is nearing a deal to raise as much as $2.5 billion from investors to help fuel the private equity-backed insurance broker’s rapid growth. The London-based firm is expected to close the capital-raise this summer in an oversubscribed …
Zolve raised $251 million in its latest equity and debt financing round, the neo bank said on Tuesday, led by Indian private equity firm Creaegis, an existing investor, with participation from names like HSBC and SBI Investment. The latest funding, …
Brazilian insurance group Porto Seguro is in talks with private equity funds to possibly sell a minority stake in its health business, with discussions focusing on the strategic advantages of potential partners and valuation, two people familiar with the talks …
The Massachusetts Legislature approved a bill Monday aimed at closing loopholes in the state’s health care market regulatory process exposed by the collapse of Steward Health Care. The bill is also designed to increase financial transparency by gathering more information …
The brokerage industry is adapting to a changing landscape as macroeconomic conditions temper the tailwinds that have driven growth in recent years. High interest rates, historical valuations, and tighter access to capital have slowed M&A activity, with deal flow declining …
Ardonagh Group has secured new investment from Stone Point Capital, almost doubling the valuation of the UK insurance broker to $14 billion in three years, according to people familiar with the matter. The deal will see Greenwich, Connecticut-based Stone Point …
Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets, the Bank of England warned. A growing number of PE firms in the US have acquired life insurers, while British …
Private equity firms have changed the business models of life insurers they invest in, posing risks that are more likely to materialize with higher interest rates, according to researchers at the Bank for International Settlements. Buyout firms channel the insurance …
A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3 billion ($3.9 billion), according to …
BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P) from private equity firm Inflexion. Financial details of the deal were not disclosed. Founded in 1977, DR&P is one of …
