Investments
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A deal would give the broker the funds needed to finance its growth strategy, extending its IPO timeline at least into next year. -
This publication revealed this morning that Bain-backed retail broker raised ~$100mn of preference shares in a deal with the private equity.
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Increased interest rates and unfavorable market conditions led to reduction in capital issuance activity in the P&C insurance industry in 2022.
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Executive chairman Bill Berkley expects the company’s returns to reach or exceed its targeted 15% rate, driven by its investment income results.
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If the company does not cure the event within 10 days of the missed payment or September 25, an event of default will occur.
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The funds are expected to drive additional growth through market expansion and accelerate the deployment of Patra's technologies.
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The new funding brings the total Ategrity has received from Zimmer since 2018 to $300mn.
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A differentiated investment strategy has led to increased value creation and price-to-book multiples for a small group of specialty carriers.
Most Recent
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Jefferies’ Gendron succeeds Noble as Markel CFO
February 07, 2023 -
Surplus lines premiums soared 24.1% in 2022 to $63.3bn: WSIA
February 07, 2023 -
RenRe elevates Shea to SVP and global head of credit
February 07, 2023
