FTI Consulting assists United Risk in acquiring Pinnacle Underwriting

FTI Consulting, Inc., a leading financial advisory firm belonging to the NYSE under the ticker symbol FCN, recently played a pivotal role in United Risk’s acquisition of Pinnacle Underwriting. United Risk, a prominent player in the property and casualty insurance industry globally, enlisted the services of FTI Consulting as their M&A advisor while also leveraging their due diligence services during the acquisition process.

Based in Sydney, Pinnacle Underwriting is a specialty facultative reinsurance Managing General Agent (MGA) with a strong presence not only in Australia but also in key markets like Singapore and Dubai. Their portfolio primarily consists of reinsurance business, with a dominant 70% of it originating from the Asia-Pacific region, and the rest primarily from Middle Eastern and North African territories. United Risk’s acquisition of Pinnacle Underwriting strategically positions them as one of the top five largest MGAs worldwide, significantly bolstering their global footprint and market positioning.

This deal highlights FTI Consulting’s expertise and prowess in the insurance M&A sector, showcasing yet another successful transaction under their belt. Their history of advising on notable deals includes guiding Guardian Group on the sale of Thoma Group to PIB Group, facilitating TPG’s investment into Yellow Hive, overseeing IceLake Capital’s acquisition of Certe Group, assisting Ara Partners with their investment into Paratus Holdings, and managing Yellow Hive’s acquisition of FVB. The FTI Consulting team, under the leadership of Jeremy Riley within the Global Insurance Services division, played a pivotal role in ensuring the success of this acquisition.

The Annual European Insurance M&A Barometer report by FTI Consulting offers valuable insights into the prevailing trends and transactions within the insurance sector across the region. This report serves as a comprehensive resource for industry professionals looking to stay abreast of the latest market movements and strategic developments shaping the insurance landscape.

FTI Consulting, headquartered at 200 Aldersgate Street, London, EC1A 4HD, remains a trusted name in financial advisory services, catering to a diverse clientele of investors and industry stakeholders. For further information, investors can reach out to Mollie Hawkes at +1.617.747.1791 or [email protected]. Media inquiries can be directed to Helen Obi at +44 20 7632 5071 or [email protected].

In conclusion, FTI Consulting’s comprehensive support and guidance for United Risk in acquiring Pinnacle Underwriting underscore their commitment to facilitating successful M&A transactions in the insurance sector. This strategic move not only strengthens United Risk’s global presence but also solidifies their position as a key player in the highly competitive MGA landscape.