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The combination creates the fifth largest global CLO manager by assets under management

The deal is subject to closing conditions being fulfilled, including regulatory approval by the US Federal Energy Regulatory Commission

Forte has launched Builders Depot, a specialty supply store for the commercial construction industry

The ratings will remain under review with developing implications pending regulatory approvals from the Bermuda Monetary Authority and purchase of shares by Argus

Insurance firm says it is disappointed that a $100m sale of almost 40 per cent of its shares to a direct competitor has been agreed

Several concerns raised about the potential impact on policyholders, the local market and employees, all of which have been ignored

CSA is a producing, high-grade, underground copper mine located in western New South Wales, Australia

If all shares on offer are purchased, the offering will raise a shade over $1.39 billion

The total estimated transaction value is expected to exceed $4.5 billion

The company said its ownership will provide additional growth capital, resources and global reach

The transaction will position RenaissanceRe as a top-five global property and casualty reinsurer

The transaction has been underwritten by Compre’s class 3B Bermudian reinsurer, Pallas Reinsurance Company