The US asset manager held discussions to acquire two subsidiaries of T&D Holdings as well as a life insurance unit belonging to Japanese investment firm Orix, with the latter talks described as being at an early stage.
Sommelier Insurance has experience in more complex commercial cover, particularly in trucking, home healthcare and contractor policies.
The FCA authorisation comes after Pinpoint UK obtained Lloyd’s coverholder approval in December 2025.
Dragoneer is set to take Steadfast’s retail brokerage operations and Amwins its underwriting agency arm.
