EQT to acquire McGill and Partners, a leading specialty (re)insurance broker for USD 2.0 billion, from Warburg Pincus
EQT X has entered into a definitive agreement to acquire a majority stake in McGill and Partners, a specialty (re)insurance broker, from Warburg Pincus for USD 2.0 billion. Founder and CEO Steve McGill will continue to lead the firm, with Chairman John Lloyd remaining actively involved, and both will retain significant shareholdings.
Why it matters — This marks a significant expansion for EQT into the specialty (re)insurance brokerage sector with a USD 2.0 billion majority acquisition.