Howden to purchase reinsurance broker.
M2 EQUITYBITES-June 10, 2022--Howden to purchase reinsurance broker
(C)2022 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 10 June 2022
London-based insurer, Howden Group Holdings Ltd, is to purchase TigerRisk Partners, a US-based reinsurance broker.
The deal is to be closed for USD1.6bn. Once the deal is completed, the combined reinsurance business is to have close to USD400m in reinsurance brokerage revenue. It will employ about 450 people.
Connecticut-based TigerRisk...
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