Ryan Specialty has agreed to acquire managing general underwriter (MGU) Velocity Risk Underwriters, LLC from its current owner, funds managed by Oaktree Capital Management, L.P. for $525 million, while insurer FM is set to acquire the MGU’s excess and surplus (E&S) lines carrier.The pending acquisition marks the next stage in Velocity Risk’s ownership story, as … Read more
Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval. The acquisition of Circles, Optio’s largest in Europe to date, represents a strategically critical development in Optio’s ongoing international expansion, with the Circles Group set to become Optio’s European headquarters. … Read more
By Steven Ralston, CFA NASDAQ:FMST | CSE:FAT READ THE FULL FMST RESEARCH REPORT FOREMOST ENTERS THE URANIUM INDUSTRY Foremost Enters the Uranium Exploration Industry Through an Option Agreement with Denison On September 24, 2024, Foremost Lithium (NASDAQ:FMST) (CSE:FAT) announced the signing of an Option Agreement with Denison Mines Corp. (NYSE:DNN (TSX:DML) concerning 10 Uranium Exploration … Read more
