The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most of the busiest buyers are private equity …
Insurance intermediary Global Risk Partners announced a major investment into the firm from Searchlight Capital Partners, a global private investment firm. Founders Peter Cullum and David Margrett and founding investor Penta Capital will all retain minority stakes, alongside the broader …
Los Angeles, Calif.-based national wholesale insurance broker Worldwide Facilities has signed an agreement with Genstar Capital, a San Francisco-based private equity firm, for an investment in Worldwide Facilities. The financial terms of the transaction were not disclosed. Private equity firm …
Chubb is providing expanded insurance coverage, called “Private Equity+”, to address “the unique risks of Canadian private equity firms.” These extended offerings help transfer and mitigate many of the private equity firms’ most significant liabilities by combining in one policy …
French insurer April SA has drawn takeover interest from private equity firms including CVC Capital Partners, KKR & Co. and BC Partners as it weighs a sale amid a wave of industry consolidation, according to people familiar with the matter. …
Chicago-based Ryan Specialty Group said Onex Corp. has invested $150 million of preferred equity and $25 million of common equity as capital for RSG to continue its mergers and acquisitions activity. No other terms of the agreement were released. Founded …
Texas-based ITC, a provider of websites, agency marketing, comparative rating and management software and services, announced today that it has received a majority equity investment from Accel-KKR, a technology-focused private equity firm. The new partnership will provide resources and capital …
Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals in the United States and Canada in 2017, a 31 percent jump from 461 in …
Carlyle Group LP, CVC Capital Partners and KKR & Co. are among suitors that have made first-round bids for Onex Corp.’s USI Insurance Services, according to people familiar with the matter. The initial offers value the Valhalla, New York-based insurance …
ACE Group has launched Private Equity and Venture Capital Liability Insurance in Hong Kong and Singapore. The product aims to address the evolving regulatory and volatile economic environments as well as increasingly complex deal structures. The product offers insureds protection …
