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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. -
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.
