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Founder and CEO of Nascent Andre Perez will join Sephira’s board of directors. -
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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The business has been ~70% owned by White Mountains since January 2024.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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The leadership’s commentary spotlighted to value of ILS to the group.
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It is understood that CyberCube has been considering a sale of the business.
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The Japanese carrier faces integration challenges to make a success of the deal.
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Aspen Capital Markets earned $169mn in fee income in 2024 alone.
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The purchase brings Sompo an established ILS platform as part of the deal.
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The Bermudian firm has an active ILS division, unlike the Japanese conglomerate’s insurance divisions.
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The transaction is expected to close later this year.
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Nationwide will delegate management of the policies to Ryan Specialty.
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M&A and shifts in distribution arrangements bring risks and opportunities.
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The deal leaves premier surety as Travelers' sole Canadian portfolio.
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The reinsurer said the probe concerns the alleged involvement of its former chairman.
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The acquisition expands its global employee benefits business to ~4,000 global employees.
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Guernsey’s TISE listed the world’s first private cat bond issued by Solidum Re in 2011.
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The firm will match segregated accounts of portfolios to investor mandates.
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The combined entity ranks third in the Insurance Insider ILS leaderboard.
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Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
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The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
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Casualty ILS made inroads, while hurricane hedging strategies came into focus.
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The Swiss-based team of Siglo has transferred to Cambridge Associates.
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Redington provides services to UK pension funds, wealth managers and institutional investors.
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The Risk International team will remain in its current location, under Jennifer Gallagher.
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The denial followed this publication’s report that Covéa had renewed its intentions to buy the reinsurer.
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The mutual’s approach comes as Scor continues efforts to fight back from performance issues including a flare-up in L&H.
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The transaction complements its previous acquisition of RMS in 2021.
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The deal will boost the investment consultancy’s ILS capabilities.
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Winning higher-fee private ILS mandates will strengthen firms’ negotiating positions.
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The deal will include Axa IM’s alternatives funds including ILS.
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The combined Twelve-Securis entity would be a top-five ILS firm currently.
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Urs Ramseier will be CEO and Herbie Lloyd CIO.
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The sale is expected to be completed by the end of the year.
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Sources said that Japanese big-three carrier Sompo and Italian insurance giant Generali are circling.
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Former Teneo M&A head Alexander Schnieders will lead the unit.
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The management’s buyback acquisition brings an end to the two-year relationship.
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GeoVera’s MGAs will sell to SageSure and insurance companies will merge with SafePort.
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The Lloyd’s legacy business has been placed up for sale, along with other units.
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The outlook for M&A activity is brighter after 2023 returns.
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Arm is based in Guernsey and has a Bermudan management licence.
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The newly launched Marco Re will be led by Mark Elliott as CEO.
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A non-binding term sheet was signed on October 6, whereby the buyer will acquire 100% of Interboro’s issued and outstanding securities in exchange for cash.
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BCCL will be rebranded to Nascent Advisory Services Ltd as part of the transaction.
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The private equity firm is targeting $1trn in assets under management for the combined segment.
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Frontier’s employees, including director and co-founder Peter Brodsky and CEO Derek Winch, will remain in their current roles.
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