M&A

Inside P&C’s morning summary of the key stories to get you up to speed fast.

In the prior six months, the insurance sector saw more transactions, 263, but with a lower deal value of $2bn, the consulting firm said.

There has been no official response from Root, but Inside P&C took a look at the company reportedly making the takeover bid, Embedded Insurance.

The increased facility will be used for “additional acquisitions while fueling investments in strategic initiatives that drive organic growth”, the company said.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

This would be a premium to Root’s closing price on Tuesday of $6.02 per share, which gives the company a market value just north of $80mn, significantly below its peak of roughly $7.5bn.

Let’s get you up to speed on some of this week’s key M&A deals.

Inside P&C’s news team runs you through the key highlights of the week.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The Corsair-backed broker has retained Morgan Stanley and Piper Sandler to advise.

The sale includes Liberty Seguros operations in Ireland, Northern Ireland, Portugal and Spain.

The group’s returns have been driven by Two Sigma, but the total return model is perceived as toxic.