Broking Break - Your Top Five

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Deals, management exits and FCA guidance were among the top five most clicked on stories by brokers this week.

  5) PIB backers in $6.7bn Sedgwick deal

This week private equity firm and PIB backer The Carlyle Group bought a majority stake in Sedgwick for $6.7bn (£5.15bn).

The deal sees previous majority shareholder KKR, an investor in Ardonagh Group, exit the business.

Funds managed by Stone Point Capital and Caisse de dépôt et placement du Québec – which recently took a “significant minority stake” in Hyperion for £298m – and Sedgwick management remain minority

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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