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The acquirer will carry out a ~$4bn equity placement to help finance the transaction. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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White Mountains invested $150mn in the retail platform earlier this year.
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The Michigan-based firm will join Ryan Specialty’s binding authority division.
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The offering comes after Acrisure’s $2.1bn convertible pref share raise.
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The merger is on track to close in H2 2025, CEO Pat Gallagher said.
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The executive has 15 years of experience in meteorology and cat analytics.
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The panel aimed to highlight “synergies” between insurance and litigation finance.
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The deal values the company, formerly PCF, at roughly $5.7bn.
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The PE firm’s Aaron Cohen said full integration of broking assets is crucial.
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Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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The broker has been building out its Bermuda reinsurance presence.
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