Morgan Stanley and Barclays acting as joint lead bookrunning managers
Terry Gangcuangco Oct 18, 2023
Chief executive points to "pivotal milestone"
Subsidiaries will also enter a two-decade bancassurance deal
Deal comes following strategic review
Transaction a "major milestone" for both camps
Companies being acquired include Validus Reinsurance and Talbot Underwriting
Brokerage to bring "highly complementary capabilities"
Move comes following conclusion of exploratory talks
Report identifies factor impacting activity
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