M&A

The deal gives Dallas-based Scion underwriters primary and excess casualty risks, with a focus on trucking and transportation.

The private equity house has taken a stake in the management liability and P&C broker.

The former AIG CFO spoke to Inside P&C as part of its Unreserved podcast series.

Aon’s legal team said it was concerned that the proposed timetable could kill off the deal before the trial begins.

The deal was approved by regulators on the proviso of the disposal, as well as other divestitures already agreed.

Sellers look set to harvest all-time-high multiples, but buyers should not mistake these businesses for retail brokers.

“We are not about to let [the] delay…compromise the deal”, says Latham & Watkins lawyer Dan Wall.

The Michigan-headquartered MGA writes on insurance capacity provided by Markel, Nationwide, RLI, Hiscox and Lloyd’s.

The reinsurer is looking to anchor its UK motor co-insurance and reinsurance capacity with a fully integrated platform for distribution and claims handling.

The deal is the latest for Accelerant, which acquired farm insurance provider Agribusiness Risk Underwriters earlier this month, and an admitted lines subsidiary from Brit in March.

With the DoJ’s suit creating question marks around closing, the junior merger partner’s standalone prospects must be weighed.

Citi analyst Suneet Kamath wrote that P&C underwriters have more exposure to inflation pressures, due to higher claim costs compared with brokers and life insurers.