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May 28, 2020

Pie Insurance Raises $127 Million in Latest Financing

Washington, May 28, 2020 — Pie Insurance, one of the fastest-growing insurtechs in the country, today announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined Pie’s current investors in the capital raise, including…

May 23, 2019

Centerbridge, Gallatin buy control of Phoenix from Delek

By Ron Stein Centerbridge Partners and Gallatin Point Capital have signed a binding agreement to buy the controlling stake in The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) from Delek Group Ltd. (TASE: DLEKG), controlled by Yitzhak Tshuva, at a company valuation…

May 23, 2019

Israel’s Delek to sell insurer Phoenix to private equity firms

Reporting by Tova Cohen; Editing by Steven Scheer TEL AVIV (Reuters) - Delek Group signed a binding agreement for the sale of 32.5% of insurer Phoenix Holdings for 1.72 billion shekels ($476 million) to private equity firms Centerbridge Partners and…

August 30, 2018

Sirius names PE backers as it tweaks Easterly deal

By Laura Sanicola    Sirius International Insurance Group and Easterly Acquisition Group have detailed an expected private placement that will raise at least $213mn. The deal partners announced the arrival of Gallatin Point Capital, Carlyle, Centerbridge and Bain Capital Credit…

March 9, 2018

Centerbridge Consortium Completes Canopius Deal

A private equity consortium led by Centerbridge Partners has completed its acquisition of Canopius, meaning the Lloyd’s insurer has returned to being a standalone business following a period under Sompo Japan’s ownership. Canopius, which wrote premium income of more than…

March 9, 2018

Canopius completes $952mn Sompo buyout

By Bernard Goyder   Canopius has completed its private equity-backed $952mn buyout from Japan's Sompo Holdings. The London carrier said the deal, which was struck in September, has now passed all regulatory hurdles. The buyout puts Canopius in the hands…

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