Publications

On May 1, 2023, Midwest Holding announced that it is to be acquired by Antarctica Capital for $27.00 per share. Insurance Advisory Partners rendered a fairness opinion to the Board of Directors of Midwest in connection with the transaction.

On April 5, 2023, Assured Guaranty Ltd. announced that it will contribute Assured Investment Management, LLC to Sound Point Capital Management, L.P. in return for a 30% equity stake in the combined entity, subject to potential post-closing adjustments. The transaction is expected to be completed in Q3 2023, subject to customary regulatory approval.

On February 27, 2023, Integrum Holdings LP (“Integrum”) announced its partnership with and investment in Strategic Risk Solutions (“SRS”). The newly formed partnership will further enhance SRS’s services within captive insurance and alternative risk markets.

February, 2023: Brookfield Underwriting AB (“Brookfield”), a specialty MGA based in Stockholm focused on fine art and high net worth, has been acquired by Säkra AB (“Säkra”), one of Sweden’s largest insurance intermediaries.

On February 1, 2023, United Insurance Holdings Corp. has completed a two-part transaction with Slide Insurance Company. The transaction involved the sale of certain assets to Slide and the execution of a renewal rights agreement.

On January 30, 2023, reThought announced the completion of its Series B financing. The financing round was led by IA Capital Group. Existing investors, Hudson Structured Capital Management, Telstra Ventures, and ArcTern also participated in the round.

Fidelis Insurance Holdings Limited (“Fidelis”) announced that it is bifurcating its business into a new Managing General Underwriter (“Fidelis MGU”) and the existing balance sheet insurance companies (“Fidelis Balance Sheet Companies”). Fidelis MGU secured equity investments from an investor group led by Capital Z Partners. Other investors include The Travelers Companies, Inc., Blackstone, Further Global Capital Management, and Alfa Insurance.