KKR to buy majority stake in Integrated Specialty Coverages

Multi-line insurance distributor Integrated Specialty Coverages (ISC) is set to be acquired by global investment firm KKR, following Sightway Capital’s decision to sell its majority position in the company.

Sightway Capital, a Two Sigma private equity business, will continue holding a stake in the company as a minority shareholder. Financial terms of the transaction were not disclosed.