Apax VIII, a fund advised by Apax Partners, has agreed to sell its entire stake in AssuredPartners, a growing U.S. insurance brokerage, to an investor group led by GTCR, a Chicago-based private equity firm. GTCR previously owned AssuredPartners from its …
Genex Services (Genex), a Wayne, Penn.-based provider of cost containment services to the workers’ compensation, disability and auto industries, announced that funds managed by private equity firm Stone Point Capital LLC (Stone Point) have acquired a majority interest in Genex …
Apax Partners and Carlyle Group LP are among suitors weighing bids for a stake in Indian insurer Royal Sundaram General Insurance Co., people with knowledge of the matter said. The unit of Mumbai-listed Sundaram Finance Ltd. has started a process …
While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech research reveals that the overall increase in global insurance investment levels …
Ownership of the insurance broker Hub International is being passed from one private equity firm to another. Funds advised by Hellman & Friedman will buy a majority stake of the Chicago company in a deal that values Hub at $4.4 …
Global insurance broker Hub International Limited (Hub), said it has agreed to be acquired by funds advised by Hellman & Friedman LLC. The transaction values Hub at approximately $4.4 billion. Under the terms of the agreement, investment funds managed by …
