Deals of the day-Mergers and acquisitions

Reuters

09/03

The following bids, mergers, acquisitions and disposals were reported by 0945 GMT on Wednesday:

** Australia’s Steadfast Group has strengthened its U.S. footprint after acquiring a majority stake in MGA and wholesaler Novum Underwriting Partners LLC.

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** Global Indemnity subsidiary Penn-America Underwriters has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace for commercial insurance.

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** Skyward Specialty Insurance Group has agreed a $555 million deal to acquire 100% of Apollo Group Holdings Limited from Alchemy, the Lloyd’s insurer’s management, employees and other strategic investors.

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(Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com))

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