DraftKings Inc. (DKNG) with the stream of 1.72% also noticed, India BGC Partners, Inc. (BGCP) encountered a rapid change of 2.20% in the last hour of Fridays trading session. DraftKings The post Hot Mover to Watch: DraftKings Inc. (NASDAQ:DKNG), BGC Partners, Inc. (NASDAQ:BGCP) appeared first on Stocks Equity .
BGC Partners, Inc. (BGCP) with the stream of -3.75% also noticed, India The Bank of New York Mellon Corporation (BK) encountered a rapid change of -3.73% in the last hour The post Captivating Stock: BGC Partners, Inc. (NASDAQ:BGCP), The Bank of New York Mellon Corporation (NYSE:BK) appeared first on Stocks Equity .
BGC Partners, Inc. (BGCP) with the stream of 0.00% also noticed, India Union Pacific Corporation (UNP) encountered a rapid change of 0.52% in the last hour of Fridays trading session. The post Is It Overvalued? Look at the P/S Ratio: BGC Partners, Inc. (NASDAQ:BGCP), Union Pacific Corporation (NYSE:UNP) appeared first on Stocks Equity .
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Former BGC Partners executive joins JP Morgan in the FICC division as vice president for digital markets after a decade with the interdealer broker. The post JP Morgan hires BGC product expert to drive FICC digital sales appeared first on The TRADE .
Law firm Stephenson Harwood LLP has advised the management of BGC Partners insurance broking operations, on its sale to The View post on CompanyNewsHQ : Stephenson Harwood advises the management team of the insurance division of BGC Partners on US$500 million sale to Ardonagh
Webcast Available for Investors NEW YORK, May 27, 2021 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or the "Company"), a leading global brokerage and financial technology company, today announced that its Chairman and CEO, Howard W. Lutnick, is scheduled to present at Piper Sandler''s Global Exchange & FinTech Conference at 3:30 p.m. ET on Wednesday,
The Ardonagh Group, a leading UK insurance broker, announced it has agreed to acquire the insurance operations of BGC Partners Inc. for $500 million in cash. The transaction is expected to close in the second half of 2021, subject to
Companies in the Financial sector have received a lot of coverage today as analysts weigh in on BGC Partners (BGCP) and Horizon Bancorp The post Analysts Opinions Are Mixed on These Financial Stocks: BGC Partners (BGCP) and Horizon Bancorp (HBNC) appeared first on Smarter Analyst .
BGC Partners Inc, a leading global brokerage and financial technology company, has entered into an agreement to sell its insurance brokerage business for $500 million to The Ardonagh Group Limited. The sale will include Ed Broking Group Limited and Besso Insurance Group Limited, which were recently grouped together under the brand of Corant Global. Corant Global has Bermuda operations. About 900 people work across each of the insurance brands being bought, and contributed approximately $191 million in revenue during the twelve-month period that ended on March 31, according to Jersey-registered Ardonagh. The businesses being bought will become part of the Ardonagh Specialty segment, which comprises Price Forbes, Bishopsgate and Compass London Markets. David Ross, chief executive officer of Ardonagh, said: Were delighted to welcome each of BGCs insurance brokerage businesses to our Ardonagh Specialty platform. This is a compelling shake-up of the global wholesale landscape, bringing two of the last remaining independent outfits of scale together to create the largest privately owned specialty broker in London, safeguarding choice for both clients and employees. A backdrop of unprecedented levels of consolidation has created a vacuum in the market, a space from which the BGC and Ardonagh businesses will emerge together as a pre-eminent force, restoring balance and cultivating a preferred destination for top-performing talent. Howard Lutnick, chairman and CEO of BGC, said: "The agreement to sell our insurance brokerage business for $500 million reflects the significant value we have created since entering this market in 2017.
The Ardonagh Group Ltd. said Wednesday it is buying the insurance operations of BGC Partners Inc. for $500 million.
BGC Partners, a US-based brokerage and financial technology company, has agreed to divest its insurance brokerage business to The Ardonagh Group, a UK-based insurance distribution platform, for $500 million in cash. The insurance brokerage business had contributed revenue of nearly $191 million to BGC Partners during the 12-month period ending 31 March 2021. It comprises  The post BGC Partners to sell insurance brokerage business to Ardonagh for $500m appeared first on Business News Today .
Ardonagh Group said it agreed to acquire the insurance operations of BGC Partners Inc. for $500 million in cash in what Ardonagh said is a global shake-up of the wholesale
BGC Partners has entered into an agreement to sell its Insurance Brokerage business for $500 million to The Ardonagh Group. Ed Broking Group and Besso Insurance, recently grouped together under the brand of Corant Global, comprise of global wholesale and specialty re/insurance broker Ed, Lloyds broker Besso, aviation specialist Piiq Risk Partners, German marine broker  The post BGC in $500mn sale of brokerage business to Ardonagh appeared first on ReinsuranceNe.ws .
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