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Gallagher Re posted 11% organic growth in Q2, down from 12% in Q1, while RPS recorded 10%, up from 8% the previous quarter.
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Sources suggest that, based on a multiple of 15x-17x Ebitda, the business could be valued at £300mn-£375mn.
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Areas of focus should include hiring external talent, securing capital for M&A, speeding up US growth, and answering the reinsurance question.
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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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Clear Blue has put its sales process on hold as the fronting company assesses the implications of Vesttoo’s collateral inconsistencies, this publication has learned.
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Inside P&C’s news team runs you through the key M&A deals from the past week.
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PE-backed buyers represented 71% of all 271 deals in H1, in line with the 70% in 2022 and 73% in 2021, but higher than 65% and 59% from 2020 and 2019, respectively.
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The vehicle will focus on middle-market transactions in the US and Europe across the insurance value chain.
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Hub International overtook BroadStreet Partners as leader of Optis’s deal count in H1 with 29 transactions compared to BroadStreet’s 26.
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The acquisition is led by former Capsicum and Guy Carpenter fac broker Márcio Ribeiro.
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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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Inside P&C’s news team runs you through the key M&A deals from the past week.