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Insurance brokerage Trucordia valued at $5.7 billion after Carlyle's strategic investment
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Insurance brokerage Trucordia valued at $5.7 billion after Carlyle's strategic investment
Jun 4, 2025 4:52 AM

June 4 (Reuters) - Insurance brokerage firm Trucordia

received a $1.3 billion strategic investment from global

investment firm Carlyle, valuing the company at more than

$5.7 billion, it said on Wednesday.

The investment is expected to reduce Trucordia's leverage

and simplify its governance structure by repurchasing units from

existing minority investors.

The U.S.-based brokerage offers commercial and personal

insurance, life insurance, and employee benefits solutions.

The transaction, which is expected to close this month,

provides the company with long-term financial flexibility,

Trucordia said.

J.P. Morgan acted as financial advisor to Trucordia.

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