Insurance brokerage Trucordia valued at $5.7 billion after Carlyle's strategic investment

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.

Raccontata dafinance.yahoo.com