Article ID: fc0460fabab6977cdbdc37186243adbf670ec06941dc88209b5d068fa85cb524
Source ID: primary:reinsurancene.ws
Published At: -
Extraction Method: trafilatura
Body Text
Concert Group Holdings, Inc. has revealed that the Stock Purchase Agreement (SPA) under which founding shareholder Freedom Underwriters, LLC would acquire the outstanding shares of Concert capital stock held by current shareholders WT Holdings, Inc. (WT) and Century Focused Fund IV, LLC (Century) is not expected to be completed. The transaction was initially announced in December 2025 and was expected to close during the first half of 2026, resulting in a change in ownership and governance. In accordance with the terms and conditions of the SPA, Century and WT delivered notice of termination of the SPA, effective 21 August 2026. Freedom has advised Concert, Century and WT that it has reserved its rights with respect to the termination. Concert’s Board and management will remain focused on the continued growth of its insurance operations and the disciplined execution of its business plan, leveraging the strength of the company’s strategic direction and financial position.
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