WTW has confirmed its re-entry into treaty reinsurance broking through a joint venture with private equity house Bain Capital, confirming The Insurer’s previous reporting in September.
Private Equity
Arden Insurance Services has secured a significant growth capital investment from private equity firm FTV Capital, Program Manager can reveal.
Leavitt Group Enterprises (LGE) has a new minority investor after Capital Z Partners made a $240mn equity investment in the top-25 US broker.
Sedgwick has closed a $1bn private equity investment from Altas Partners, which the claims management provider said brings its total enterprise value to $13.2bn.
World Insurance Associates has hired Boris Strogach as senior vice president and head of private equity.
September 13 (Reuters) by Amy-Jo Crowley and Carolyn Cohn – Private equity firm Bain Capital has lined up advisers for the possible sale of British motor and home insurer esure, three people familiar with the matter told Reuters.
International private equity firm Cinven has acquired a 50 percent stake in UK personal lines MGA Policy Expert in its latest insurance industry investment.
WTW looks set to end its three-year hiatus from reinsurance broking as it partners with private equity firm Bain Capital to launch a new venture, returning to a space it exited with the $3.25bn+ sale of Willis Re to Gallagher,
WTW has been linked with a partnership with private equity firm Bain Capital to launch a new reinsurance venture which would fulfil the global intermediary’s stated ambition to get back into a space it left with its $3.25bn+ sale of Willis Re to Gallagher,
Sands Point Risk’s private equity sponsor Avesi Partners has laid out its ambition to build a full-scale diversified MGU platform, setting its sights on $1bn in premium in the next three years fuelled by team hires and two to three acquisitions a year.
European private equity investor Perwyn has acquired UK intermediary/MGA Atec Group from Kester Capital in an off-market transaction.
Onex Partners has announced the completion of its deal to acquire Accredited, the program management arm of R&Q.
Serial insurance industry investor Aquiline has closed its fifth private equity fund after raising more than $2.3bn in capital from existing and new investors, with a further $1.1bn in capital commitments to its continuation fund led by HarbourVest Partners.
Specialist Risk Group (SRG) is to be acquired by private equity giant Warburg Pincus and Singaporean sovereign wealth fund Temasek.
AM Best has warned that the growing involvement of private equity (PE) investors in the US MGA sector “warrants additional scrutiny” because it could increase pressure for the firms they back to push for short-term growth over long-term sustainability.
