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Flexpoint secured a higher sum-of-the-parts valuation by facilitating the break-up.
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The agreement from Fleming to honour original terms still leaves it open to long-term damage.
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Challenges include integration, delevering, winning staff over and building a compelling equity story.
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The oversubscription may signal additional capacity waiting on the sidelines.
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Attendees noted the increased presence of service providers and carriers.
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A more business-friendly approach will be offset by increased uncertainty.
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Long-term confidence in the market depends on the details of the new tax rule.
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Reinsurers are reporting stellar 2023 results – what they do with the earnings will be crucial.
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It’s unsurprising, following the Corvus-Travelers transaction.
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The firm took a major reserve charge and has gone into remediation mode.
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Sources said Stone Point and CD&R will each have stakes of around 35%.
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A minority view gaining currency is that 2016-19 will not be the only problem.