Onex Partners Acquires ISC from KKR, Boosting Insurance Sector
Financial MarketsOnex PartnersUpdated 12 hours ago

Onex Partners Acquires ISC from KKR, Boosting Insurance Sector

Onex Partners is acquiring ISC, a tech-enabled insurance platform, from KKR in a significant deal that underscores the integration of technology in insurance. This acquisition not only enhances Onex's portfolio but also ensures substantial returns for nearly 400 employees, reflecting a positive outlook for the insurance sector and improved offerings for clients.

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Onex Partners to acquire insurance platform ISC from KKR
PositiveFinancial Markets
Onex Partners is set to acquire the insurance platform ISC from KKR, marking a significant move in the insurance sector. This acquisition is important as it highlights Onex's commitment to expanding its portfolio in the financial services industry, potentially leading to enhanced offerings for clients and increased market competitiveness.
Onex Partners to acquire tech-enabled insurer ISC from KKR
PositiveFinancial Markets
Onex Partners is set to acquire ISC, a tech-enabled insurer, from KKR, marking a significant move in the insurance sector. This acquisition highlights the growing trend of integrating technology into traditional insurance models, which can enhance efficiency and customer experience. It matters because it reflects the increasing importance of innovation in financial services and could lead to better offerings for consumers.
KKR Sells ISC to Onex in Deal That Gives Employees Big Return
PositiveFinancial Markets
KKR's sale of Integrated Specialty Coverages to Onex Partners is a significant move that not only marks a profitable exit for KKR but also ensures a substantial cash payout for nearly 400 employees. This deal highlights the growing interest in the insurance sector and reflects positively on the financial health of the company, benefiting both investors and employees alike.

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