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Inside P&C’s news team runs you through the key highlights of the week. -
Details of the bids are being closely guarded, but sources said they expected a valuation of $400mn or above if a deal is consummated.
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The billionaire’s mooted take-private will hinder CEO Egan’s efforts to steady the ship.
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The insurance-focused boutique investment bank said private capital-backed buyers accounted for 73 of the 98 transactions, or 74.5%, consistent with a five-year trend.
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Shares, which have long underperformed, were trading up 13% following the regulatory announcement.
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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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With this investment, the program manager is majority-owned by management and the Connecticut-based PE house.
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The aborted listing is the latest piece of evidence around challenges in the listed InsurTech space.
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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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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The sale represents an aggregate value of $14.75bn and increases Truist's common equity Tier 1 ratio by approximately 30 basis points.
