M&A

The business is a binding authority and wholesale broking specialist, with annual revenues of $23mn.

Inside P&C’s news team runs you through the key M&A deals from the past week.

The private equity-backed broker hired Yem Mai as R&W managing director and senior brokers Ashley Parsa and Michelle Jensen.

In the prior six-month stint (mid-November 2021 through mid-May 2022), PwC reported 343 announced transactions, with $15.4bn in deal value.

The Cayman Islands-headquartered reinsurer held a 49% stake in the Mexican firm, according to its 2021 annual report.

Permira, Nordic Capital and Eurazeo are in the frame to back the broker.

The carrier has called this month’s vote ‘a critical moment in Argo’s history’.

Inside P&C’s news team runs you through the key M&A deals from the past week.

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

The sell-off was one of the carrier’s “strategic initiatives” to focus on core capabilities as the company navigates a challenging environment for personal line businesses.

The business is predicted to write $1.4bn this year.

Consistent underwriting performance, the completion of the exit from life, acquisitions, organic growth and succession planning will all be focuses.