Company: PSC Insurance Group Page 1 / 1
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- March 22 2024
Buyers closing in on PSC, but sluggish UK arm makes for a tricky deal: sources
A deal could be announced in a matter of days with Marsh, Ardonagh and Gallagher rumoured to be leading the race.
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- March 13 2024
PSC Insurance confirms buyout talks with strategic partners
The company has mandated Goldman Sachs for the sale and has held informal discussions with Gallagher and Ardonagh Group, according to an Australian Financial Review report.
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- February 21 2024
PSC Insurance upgrades full-year guidance after 39% rise in H1 bottom line
The Melbourne-based global broking group saw strong performance in its distribution business in Australia, offsetting the small decline recorded by its existing UK business.
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- August 24 2023
PSC Insurance founder Paul Dwyer to become chairman as Brian Austin takes on Asia role
Austin will remain on the board as deputy chairman and become chair of the broker’s Asian businesses as profits start to flow in Hong Kong.
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- August 23 2023
PSC Insurance’s 2023 net profits up 23% to US$50m
The ASX-listed broker's Australia and New Zealand distribution business placed US$740m in GWP.
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- August 9 2023
PSC snaps up specialty MGA Ensurance for US$16.5m
The ASX-listed firm specialises in professional and financial lines with offices in Sydney, Melbourne, Adelaide and Perth.
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- May 18 2023
AUB in US$100m equity raise as Tysers UK retail JV with PSC called off
The fundraise is more than the US$66.5m it was due from PSC under the 50/50 JV agreement, as the broker targets more M&A.
