Stone Point Capital, a private equity firm aimed at financial services, and co-investors have acquired a 20% stake in Truist Insurance in a deal worth $1.95bn. The post Stone Point Capital buys stake in Truist
Vista Equity Partners has agreed a $2.6bn buyout of property and casualty insurance tech platform Duck Creek Technologies. The post Vista agrees $2.6bn buyout of insurance tech platform Duck Creek Technologies first appeared on AltAssets
Private equity major Genstar Capital has agreed to buy tech insurance, repair and replacement specialist Likewize. The post Genstar buys into Brightstar-backed tech insurance, repair, replace specialist Likewize first appeared on AltAssets Private Equity News.
Longshore Capital Partners, a mid-market private equity firm, has completed the acquisition of independent insurance adjustment agency Southwest Adjusters. The post Longshore Capital Partners acquires Southwest Adjusters first appeared on AltAssets Private Equity News.
Massachusetts Mutual Life Insurance Company will dedicate an extra $100m to backing first-time fund managers, double its previous commitment from its First Fund initiative. The post MassMutual triples funding for first-time fund managers in expanded
European buyout major Cinven has agreed a buyout of Swedish insurance brokerage Säkra, one of the country's largest insurance intermediaries. The post Cinven taps new financial services fund for Swedish insurance brokerage Säkra first appeared
Global buyout major KKR has agreed to acquire a 9.99% stake in India's Shriram General Insurance saying it would position Shriram for continued growth in India's fast-growing general insurance industry. The post KKR to buy
Private equity giant CVC has agreed to acquire European insurance software provider RGI from fellow buyout house Corsair. The post CVC agrees buyout of insurance software business RGO from Corsair first appeared on AltAssets Private Equity
TA Associates has made a double deal for health and property & casualty insurance software provider Adcubum and tech11, a fast-growing insurance software provider serving the P&C market in Germany and across Europe. The post
Private equity house JC Flowers has struck a deal to invest in Tricor Insurance, a US business insurance, employee benefits, personal insurance and individual life and health insurance agency. The post JC Flowers buys into
Lower mid-market investor The Riverside Company has agreed to exit ACTINEO to data analytics provider Verisk at a “high IRR”, the firm said. The post Riverside to exit ACTINEO to Verisk at ‘high IRR’ first
Chinese insurance company Ping An Insurance Group has closed Ping An Global Equity Selection Fund II and Ping An GP Opportunities Fund with a total capital commitment of $750m. The post Ping An Insurance Group
EQT has joined fellow private equity investor Vitruvian Partners as a backer of CFC, a techh-driven global insurance business. The post EQT buys into Vitruvian Partners-backed ’emerging risk’ insurer CFC first appeared on AltAssets Private
Munich Re Ventures, the venture capital arm of German insurance major Munich Re Group, has hit a $500m final close for its second early-stage and growth investment fund. The post Munich RE venture arm doubles
Apollo Global has agreed the sale of Italian insurer Amissima Vita to €79bn-managing life insurance group Athora Holding. The post Apollo sells Italian insurer Amissima Vita to €79bn-managing life insurer Athora first appeared on AltAssets
ECI Partners has tapped ECI 11 to reinvest in virtual insurer Avantia, leading to a full realisation for ECI 9. The deal is the tenth exit from the fund to generate a gross multiple of
Charterhouse Capital has entered exclusive talks for what AltAssets understands is a €1.7bn sale of B2B insurance brokerage Siaci Saint Honoré. The post Charterhouse agrees Siaci Saint Honoré at better than €1.7bn valuation – source
HIG Capital has entered a binding agreement to invest in health insurance marketplace eHealth in a $225m deal.
Apax Partners has bought into Carlyle-backed insurance intermediary PIB through an MBO deal.
Global investment house Sixth Street has made its second investment in a week by picking up Talcott Resolution Life Insurance.
