JD Supra: Mergers

OCTOBER 17, 2023

Join us for a lively 30-minute discussion where our head of transactional insurance and the head of our private equity practice discuss top trends in M&A and PE.

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Private Equity M&A Equities Insurance 132

PE Hub

JUNE 27, 2023

Brookfield Reinsurance offered to acquire all outstanding shares in American Equity that Brookfield Reinsurance does not already own for $55.00 The post Brookfield’s reinsurance arm offers to buy insurer American Equity appeared first on PE Hub.

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Insurance Equities Shares 66

JD Supra: Mergers

JUNE 16, 2023

Hosts Lynda Bennett and Eric Jesse build on their recent discussion with Lowenstein M&A Chair and Transactions & Advisory Group co-Chair Marita Makinen about the current state of play in the M&A and private equity space.

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Private Equity M&A Equities Insurance 130

PE Hub

AUGUST 22, 2023

In addition to its equity investment alongside World's existing backer Charlesbank, Goldman Sachs is also leading debt financing in World. The post Goldman Sachs to invest in insurance brokerage World Insurance Associates appeared first on PE Hub.

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Insurance Investment Debt Finance 72

Sica Fletcher

APRIL 18, 2024

is the most common question that we get from owners considering selling an insurance agency. Price, however, is not the only consideration - contemporary deals also include additional considerations, like equity and overall deal structure, to determine what a business owner will actually get from a completed M&A transaction.

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Insurance Equities M&A Finance 52

PE Hub

OCTOBER 18, 2023

KPA is a provider of environmental health and safety and sales finance and insurance solutions. The post Providence Equity-backed KPA snaps up dealer compliance software firm ComplyNet appeared first on PE Hub.

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Equities Insurance Finance Finance 89

OfficeHours

AUGUST 25, 2023

In recent years, private credit has emerged as an important financing source for corporations of all kinds, especially for private equity-owned businesses with high financial leverage. Under this structure, banks typically provide committed financing to buyers (in this case, often private equity firms).

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Private Equity Equities Debt Finance 130

PE Hub

AUGUST 11, 2023

A look at six private equity-backed insurance deals; the completion of Vista’s $4.6 The post Vista closes $4.6bn sale of Apptio to IBM; Brookfield and Braemont invest in insurance appeared first on PE Hub. billion sale of Apptio to IBM; and Northleaf’s $200 million investment in Tillman FiberCo.

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Insurance Sale Investment Private Equity 81

The New York Times: Mergers, Acquisitions and Dive

JULY 10, 2023

A new study finds that private equity firms own more than half of all specialists in certain U.S. markets.

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Private Equity Equities Mergers and Acquisitions Insurance 102

Global Newswire by Notified: M&A

DECEMBER 26, 2023

announces the successful completion of the previously announced acquisition of all of the shares of Gulf Insurance Group K.S.C.P. (“GIG”) and certain of its affiliates, which represents approximately 46.32% of the equity of GIG. TORONTO, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U)

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Insurance Acquisitions Capital Market Equities 75

The New York Times: Banking

OCTOBER 4, 2023

Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.

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Insurance Funds Finance Finance 124

Sica Fletcher

JULY 11, 2024

The following report details insurance brokerage M&A multiple averages for H1 2024. Our research team averaged the information using data from our Sica | Fletcher index, which monitors approximately 70% of insurance sector transactions. Because several kinds of insurance are legally required (e.g.,

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M&A Insurance Debt Equities 52

PE Hub

OCTOBER 10, 2023

A data deep dive with LSEG’s Matt Toole about the dealmaking numbers for the first three quarters; a portfolio company of Parabellum Investments acquiring a digital banking software business; BharCap Partners buys a company in the insurance sector; and Bonaccord Capital making a minority investment in a healthcare-focused private equity firm.

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Private Equity M&A Equities Insurance 72

Sica Fletcher

MAY 29, 2024

M&A transactions for insurance companies are part of a robust but complicated market that requires ingesting a great deal of data in order to fully understand. While insurance M&A did see slight dips in deal volume and average value (Fig.2) While insurance M&A did see slight dips in deal volume and average value (Fig.2)

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M&A Insurance Equities S&P 52

The New York Times: Mergers, Acquisitions and Dive

SEPTEMBER 21, 2023

The federal agency claims the company’s practices amount to antitrust activity, a new salvo in the government’s scrutiny of health care consolidation that has led to higher prices.

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Private Equity Equities Mergers and Acquisitions Insurance 127

Sica Fletcher

JULY 2, 2024

For agency owners looking to sell their business in 2024, it’s helpful to know something about the insurance M&A buyer landscape before going in. The late 2010s, however, saw an explosion of private equity activity that has dramatically increased that pool from 5 to more than 50.

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Insurance M&A Private Equity Advisory 52

Sica Fletcher

JULY 31, 2024

The 2024 insurance M&A market has changed substantially from just a few years ago, with potentially staggering implications for the future of insurance M&A transactions. Insurance M&A Transactions in 2024 The insurance M&A transactions we have observed thus far in 2024 indicate larger trends in the sector.

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M&A Insurance Debt Equities 52

Sica Fletcher

JUNE 20, 2024

The insurance M&A market in 2024 is significantly more complex now than it was 20 years ago. However, this report seeks to make sense of these qualities as a whole to provide an overview of the 2024 insurance M&A market. for insurance agencies.

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M&A Insurance Valuation Equities 52

Sica Fletcher

JUNE 11, 2024

The following report contains our projections for Q3 2024 insurance broker valuation multiples. In addition, we categorize this data according to insurance industry specialization and by brokerage size, as measured by their annual revenue. Since H1 2023, the average insurance brokerage valuation multiple has hovered around 11.6x

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Broker Insurance Valuation S&P 52

Deal Lawyers

AUGUST 30, 2024

Topics covered include potential liability risks, costs required to upgrade the target’s systems, the target’s cyber insurance coverages, and the differences in cyber risk profiles between strategics and private equity buyers. […]

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M&A Private Equity Insurance Equities 100

Sica Fletcher

MARCH 8, 2024

Having advised on a record number of insurance agency M&A transactions, we have used our unusually large dataset in tandem with access to third-party M&A databases to provide up-to-date averages of EBITDA multiples for insurance brokerages in 2024. What Is Affecting Insurance Agency EBITDA Multiples?

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Insurance M&A S&P Valuation 52

Sica Fletcher

SEPTEMBER 12, 2024

Although insurance agencies are not always family affairs, the 2024 insurance landscape reveals that between 50% and 70% of agencies are family-owned. The valuation process has a few additional considerations when selling a family insurance agency. In particular, sellers should be aware of: Family Reputation as an Asset.

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Insurance Valuation M&A S&P 52

Sica Fletcher

APRIL 30, 2024

This article presents a step-by-step guide on how to value an insurance agency - both in the sense of how a valuation agency/M&A advisor goes about valuation, and also in terms of what insurance agency owners can do to maximize their valuation prior to running an M&A deal.

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Insurance Valuation M&A S&P 52

Sica Fletcher

FEBRUARY 18, 2020

In 2019, we closed the largest number of transactions ever for our firm, reflecting the increasingly robust M&A market for insurance brokers driven mainly by private equity sponsored brokerages. that specializes in the insurance brokerage space and related industries that compliment it.

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Insurance M&A Private Equity Advisory 52

Sica Fletcher

AUGUST 6, 2024

Our research team’s latest report compares the top insurance agency investment banks of 2024. Insurance Agency Investment Banks: Investment banks that specialize in the insurance industry. Insurance Agency Investment Banks: Investment banks that specialize in the insurance industry.

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Investment Banking Insurance Bank Banking 52

Sica Fletcher

MARCH 28, 2024

The following report contains our observations of insurance M&A trends in 2024. However, volume and value in the insurance sector remained remarkably stable. As insurance M&A enters into the 2020s, however, buyers are looking at several additional factors that speak to an agency’s more intangible qualities.

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M&A Insurance Mergers and Acquisitions Equities 52

Sica Fletcher

MAY 15, 2024

This article breaks down the question, “how much is my insurance agency worth” in further detail, but the table below provides a surface-level overview based on varying degrees of revenue and operating expense: How Much Is My Insurance Agency Worth: A Breakdown Answering the question, “how much is my insurance agency worth?”

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Insurance M&A S&P Valuation 52

Sica Fletcher

MAY 8, 2024

Quite a few articles already detail the process of “how” to sell an insurance agency (you can read our article on that subject here ), but very few get to the bare bones of “why.” If you’re asking, “ should I sell my insurance agency,” the three big questions you must answer first are: Why Do I Want To Sell?

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Insurance M&A Valuation Advisory 52

Sica Fletcher

JULY 23, 2024

In it, we provide readers with a quick and simple overview of the current insurance brokerage M&A market , after which we discuss several macroeconomic and industry-specific factors that could drastically affect transactions in the next six months. The market is already highly competitive, but it’s also limited to what buyers can afford.

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M&A Insurance S&P Valuation 52

Sica Fletcher

SEPTEMBER 25, 2019

In recent posts, we outlined the background of and reasons for the dramatic upsurge of private equity investment in the insurance brokerage industry , how the combination of private equity and low interest rates have dramatically raised valuations , and how private equity sponsored agencies increasingly dominate the insurance agency business.

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Private Equity Equities Insurance Capital 52

Sica Fletcher

APRIL 11, 2024

This article examines the most common types of insurance agency sellers, which we break down into two distinct categories: the owners - agency CEOs and founders - and the partners - professionals in charge of overseeing a sale to ensure the best outcome.

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Insurance Advisory M&A Investment Banking 52

Deal Lawyers

JULY 26, 2023

The key takeaways from […]

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M&A Private Equity Investment Banking Advisory 100

Sica Fletcher

SEPTEMBER 3, 2024

The following article details the process of selling an insurance agency book of business in 2024, including deviations from the process of selling an agency, the valuation process, and common payout structures. Selling an insurance agency book of business has a few advantages over selling the agency in total. Why Sell Just the Book?

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Insurance Business Valuation M&A 52

The TRADE

OCTOBER 18, 2023

Merve Altundag Fidelity Management & Research Equity Trader Petyo Balchev Millennium Equity Trader James Barnett Manulife Investment Management Multi-Asset Trader Edgar Castel Candriam Trader Khursheda Fazylova State Street Global Advisors Fixed Income Trader Marie-France Gavillon Generali Insurance Asset Management Equity, Derivatives & FX (..)

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Trading Asset Management Equities Investment Manager 119

The TRADE

APRIL 26, 2024

In your opinion, what skills should be the main priority for traders looking to succeed in the equities space? This is even more important when working in equities because it’s a market that reacts strongly to news flow. What advice would you give to others looking to also enter the world of equity trading?

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Insurance Risk Management Equities Trading 59

Sica Fletcher

MARCH 12, 2024

As one of the most active M&A firms in the insurance sector, we are frequently asked how insurance agency valuations work. This article discusses the fundamentals of insurance agency valuations, plus a few lesser-known factors that play into these processes before we give an overview of the insurance M&A market in 2024.

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Valuation Insurance M&A Profitability 52

Sica Fletcher

MAY 13, 2024

Q1 2024 Agency and Broker Buyer Index Reveals a Dynamic Landscape for Insurance M&A NEW YORK, NY - May 13, 2024 - Sica | Fletcher releases the Q1 2024 Agency & Broker Buyer Index. The Sica | Fletcher Index is the leading report on mergers and acquisitions within the insurance brokerage sector. Learn more at SicaFletcher.com.

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Insurance M&A Broker Mergers and Acquisitions 52