Calvin Trice

Data Insight News (Intelligence) Wealth management, private credit attractive segments Overseas life insurers seeking US targets Financial services deal volume surged 48% in 2024 driven by elevated sponsor activity and the five largest individual transaction values announced since 2022, according to Mergermarket data. The USD 197bn in deal value recorded last year was the third highest since 2015 and caps a steady recovery since the rise in interest rates that tanked M&A in 2022.

Accuserve, a Flexpoint Ford-owned managed repair services platform for property and casualty insurance, expects to buy as many as 10 companies in the next five years, said CEO Hunter Powell. The Denver-headquartered company is looking to acquire additional managed repair providers and third-party administrator capabilities that expand its network and its trade expertise in categories like flooring, HVAC and other relevant trades, Powell said.

Kin Insurance, an online homeowners insurance company, is talking to advisors for its second attempt at a public listing, according to CEO Sean Harper. The Chicago-based firm would like to file an S-1 in mid-2025 and launch an initial public offering in 2026, he said. It is aiming for a valuation of at least USD 2bn, Harper said. Kin doesn’t have a preference between the NYSE or Nasdaq, but the firm will not seek a public listing through a merger with a special purpose acquisition company, he said.