January 22, 2025
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The deal follows Alacrity’s sale last year to a group of its private lenders. -
The CEO said Beazley would retain its brand and management and gain $9bn of premium.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The reinsurance broker will be known as Marsh Re starting in 2027 as part of a broader company shift.
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Private capital-backed buyers accounted for 605 of 854 deals last year.
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Upon closing, the unit will be renamed First Product Protection.
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The sale will see a transfer of renewal rights and the product recall team.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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This publication exclusively revealed the $1bn deal last November.
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The US CEO said the acquisition will be “truly transformative” for its TL clients.
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An impending soft market further complicates the outlook for carriers with long-tail casualty exposure.
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Atlantic’s founders are to become Howden shareholders.
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