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MarshBerry deemed this as a “major” inflection point as specialty firms used to be valued at a (sometimes substantial) discount.
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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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Talks are in their relatively early stages, and there is market skepticism around prospects for a deal.
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The deal would add upwards of 200 staff to the specialty insurer’s staff, and take its E&S business close to $1bn of premiums.
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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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Based in Chicago, Van Osdol will report to Relation’s EVP and head of M&A Tim Hall.
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Themes from this year’s ITC conference in Las Vegas also included the exit of less educated investors, increased appetite for venture debt and the allure of cyber.
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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.
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Increased multiples of 16x-17x in the independent agencies sector and uncontemplated perpetuation plans are some of the factors driving the survey’s results.
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The insurer said the overall break-up and sale strategy that represented a $175mn gain was equivalent to 180% of American Reliable’s book value.
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Following the deal, Corvus executives Zandra Brown and Kevin Kempf will join RB Jones as head of specialty cargo and product leader of specialty cargo, respectively.