Conduit Capital-backed Constantia Risk and Insurance to acquire Herboths from Trustco Group for $69m.

Conduit Capital-backed Constantia Risk and Insurance, an insurance company, agreed to acquire Herboths, a property development company, from Trustco Group, a financial services group, for $69m. Through the transaction, Constantia’s net equity value and solvency capital increases substantially, thereby enabling Constantia to consolidate its existing business, grow premium volume significantly, and pursue new organic and inorganic growth opportunities. The transaction will further create opportunities for the businesses of LSH and Constantia to leverage each other’s respective skills, asset bases and mutually beneficial growth opportunities.