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Specialist Risk Group sold in deal valued at $1.3 billion


Private equity firm Warburg Pincus LLC and Singaporean state-owned company Temasek Holdings Ltd. have agreed to acquire U.K.-based insurance intermediary Specialist Risk Group Ltd., in a deal that valued at £1 billion ($1.3 billion), including debt, Verdict reported citing Bloomberg. The transaction is likely to facilitate the insurance broker’s expansion into new international markets, mainly in Europe and Asia.


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