FG Nexus Sells Reinsurance Division to Devondale for Equity and Cash Consideration
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FG Nexus Inc. has sold its FG Reinsurance Division to Devondale Holdings, LLC, receiving $3.3 million in collateral and 40% of Devondale’s Class A voting units. A second closing is anticipated in January 2026, with an additional cash payment of $1 million to FG Nexus Inc.
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