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Alliant has hired Brittany Thune Lindberg as vice president, mergers and acquisitions.
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The firm has retained Morgan Stanley and Piper Sandler to advise on the sale of the $70mn Ebitda firm.
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Inside P&C Research’s SOTP valuation range tops out 17% above the price, but the stock was range-bound and there were no other bidders.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The deal serves as a reminder that the conglomerate, with its ~$140bn cash pile, could be a major consolidator in P&C.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The MGA was launched in 2017 and wrote $350mn of premium in 2021, the same year it announced the approval for a Lloyd’s syndicate.
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The transaction will create a reinsurance entity roughly on a par with Scor in terms of net reinsurance premium.
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Berkshire Hathaway has agreed to buy the TransRe owner in an all-cash deal worth $11.6bn.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The deal values the TransRe owner at 1.26 times book value as of December 31, 2021, and represents a 29% premium on its stock price.
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Let’s get you up to speed on some of this week’s key M&A deals.