Cinven News

Institutional Investor GIC Finalizes Acquisition of Insurance Broker Miller

Miller, the London-based independent specialist re/insurance broker, announced that GIC, Singapore’s sovereign wealth fund, has completed the acquisition of Cinven’s shares in Miller. GIC and private equity firm Cinven acquired Miller in 2021 from Willis Towers Watson. Since then, Miller …

GIC Reaches Agreement to Buy Cinven’s Shares in UK Broker Miller

Miller, the London-based independent specialist re/insurance broker, announced that GIC, a global institutional investor, and Cinven, the international private equity firm, have reached an agreement for GIC to acquire Cinven’s shares in Miller. GIC and Cinven acquired Miller in 2021. …

PE Firm Cinven Eyes Sale of German Life Insurer Viridium: Sources

Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was hit by heavy customer outflows earlier in the year, three people familiar with the matter told Reuters. The private equity …

Cinven Buys Back Eurovita Bonds to Help Avoid Messy Liquidation of Its Insurer: Source

Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with …

Italy Prosecutors Probe False Accounting Allegations Related to Insurer Eurovita: Source

Prosecutors in Milan are probing allegations of false accounting in relation to the crisis of Italian life insurer Eurovita, a person with knowledge of the matter said on Friday. Owned by Cinven, Eurovita this year became the first Italian insurer …

Cinven Raises $1.5 Billion for Dedicated Insurance, Financial Services Fund

Cinven has completed fundraising for its first dedicated financial-services fund, collecting 1.5 billion euros ($1.5 billion) in a rare move by a private equity firm to start an industry-focused pool. The UK buyout firm has reached the final close for …

Zurich Insurance in Talks to Sell $21 Billion Portfolio to Cinven’s Viridium: Sources

Zurich Insurance Group AG is in advanced talks to sell a portfolio of German life insurance policies to Cinven’s Viridium Group, the latest transaction in a busy corner of financial dealmaking, people familiar with the matter said. The portfolio includes …

Cinven and GIC Complete Purchase of UK Broker Miller from Willis Towers Watson

Cinven, the international private equity firm, and GIC, Singapore’s sovereign wealth fund, have completed the acquisition of leading specialist insurance and re/insurance broker, Miller, from Willis Towers Watson. The acquisition was first announced in November 2020. Although financial details of …

Private Equity Firm Cinven and Canada’s BCI to Buy Legacy Specialist Compre

Cinven, an international private equity firm, and British Columbia Investment Management Corp. (BCI), one of Canada’s largest institutional investors, announced they have reached an agreement to acquire Compre, a specialist global consolidator of closed books of non-life insurance policies, from …

Equity Firm Cinven and Singapore’s GIC to Buy Insurance Broker Miller from Willis

Private equity firm Cinven and GIC, Singapore’s sovereign wealth fund, have agreed to acquire London-based specialist insurance and (re)insurance broker Miller from its partners and corporate member, Willis Towers Watson. The firms did not disclose financial details of the transaction. …