Saudi Re reaps multi-million-$ investment gain on completion of Probitas sale

Published on July 1, 2024
Saudi Reinsurance Company has completed all procedures for the sale of its entire 49.9% stake in Probitas Holdings (Bermuda) to Aviva Insurance for GBP123m ($160m).
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iA Financial Group finalises $170m acquisition of Vericity

July 1, 2024
J.C. Flowers & Co. LLC recently announced the successful sale of Vericity to iA American Holdings, a subsidiary of iA Financial Corporation.In October 2023, Vericity entered into a definitive merger agreement with iA American Holdings for an all-cash acquisition valued at approximately $170 million.Under this agreement, iA acquired all issued and outstanding common stock of Vericity at $11.43 per

Ryan Specialty announces Tim Turner as new CEO as part of leadership succession plan

July 1, 2024
Ryan Specialty Holdings, Inc., an international specialty insurer, has announced that its Board of Directors has unanimously approved a leadership succession plan to be implemented on October 1st, 2024.Under this plan, Patrick G. Ryan, the Founder, Chairman, and Chief Executive Officer (CEO), will transition to the role of Executive Chairman, and Timothy W. Turner, President of Ryan Specialty and