BMS Agrees to Purchase UK Insurance Broker DR&P From Private Equity Firm Inflexion July 29, 2024 BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P)...
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition July 17, 2024 By L.S. Howard Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300...
Warburg, Temasek Buy Insurance Services Firm, Specialist Risk Group, in £1B Deal May 21, 2024 By Swetha Gopinath Warburg Pincus and Singapore’s Temasek Holdings Pte agreed to acquire Specialist Risk Group Ltd., an independent insurance intermediary based in...
Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute April 19, 2024 By L.S. Howard James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty...
PE Firm Brera Partners Buys 70% of Shares in Italian Broker GBSAPRI Group April 3, 2024 Brera Partners, a Zurich-based private equity firm specializing in investments in the asset-light financial services sector, announced it has acquired...
Brookfield’s $200 Billion Credit Group Seeks to Lure Insurers April 1, 2024 Brookfield Asset Management’s newly formed credit arm will cater to its parent’s insurance business and will also pitch other insurers...
Update: James River Files Suit Against Fleming for Failing to Close Purchase of JRG Re March 11, 2024 By L.S. Howard James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete...
Ares Leads $3.3 Billion Private Loan for UK Insurance Broker Ardonagh at Low Rate February 16, 2024 By Silas Brown and Ellen Schneider Ares Management Corp. is leading a $3.3 billion private credit loan for UK insurance broker Ardonagh Group Ltd., with the...
AM Best Downgrades Ratings of JRG Re; James River Group Gets Negative Outlook January 2, 2024 AM Best has downgraded the financial strength rating of JRG Reinsurance (JRG Re) to B++ (Good) from A- (Excellent) and...
UK Insurance Broker Ardonagh Weighs Refinancing $3.9 Billion Debt Pile December 7, 2023 By Silas Brown The Ardonagh Group is considering refinancing its entire debt stack to help finance more acquisitions, in a deal that would...