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NY-based PE firm BBH Capital has exited its minority investment following the recap. -
Meco's 2024 gross written premiums totaled $63mn.
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After seven years of premium rate growth, rates are down 5% to 40% across the US.
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The release followed the filing of an updated Plan of Operation.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
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Fortegra launched a sale process months ago with Barclays and BofA advising.
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The move will enable Hadron to deliver more admitted insurance solutions to clients and policyholders.
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The Floridian company applied to be traded on the NYSE.
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ISA is part of Ryan Specialty National Programs, which launched last month.
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Rouse was promoted to co-global placement leader last October.
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Sources said the Ethos-led group will take roughly a 40% stake.
