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Sources said the auction launched after Thanksgiving with Relation marketed off adjusted Ebitda of around $130mn.
HSB CEO Greg Barats and American Modern CEO Andreas Kleiner will retire at the end of Q1 2026.
The Floridian also anticipates $115mn to $125mn in net income for the quarter.
This publication revealed earlier Everest could sell its LatAm and Canadian units.
Several lines had price decreases, while growth in most sectors slowed from previous quarters.
A memo to staff said the executive will be “pursuing new opportunities outside of our company”.
Fleming Re bought the James River Re legacy book in 2024.
The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
Sources said the Floridian insurer has been working with Deutsche Bank on the listing preparations.
The legal setback came as publication of a Fema reform report was postponed.
The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
The policy includes a $200mn limit with an additional $100mn for side A coverage.
WTW still has meaningful capital to deploy next year but will provide details on its next earnings call.
The highest portion of losses was experienced in Alberta.
Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
The CEO said that new funding will be used to expand its underwriting capabilities.
The Republican said his office has launched an investigation into the denials.
Ford had purchased a builder’s risk policy from the insurer.
The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
The insurer says defendants billed “exorbitant” fees for non-existent services.
Several Lloyd’s syndicates are also now providing cover for the federal insurer.
He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
The transaction is expected to close early in the first quarter of 2026.
The company had argued the judge missed key info when dismissing the case.
Sources said the deal will value the US M&A insurance broker at over $500mn.
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Competitor news
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The deal valued the tech-driven broker at over ~21x 2025 adjusted Ebitda, suggesting a hefty premium. -
Insurance deals leader Mark Friedman said there is a backlog of companies looking to go public.
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Carriers underweight in E&S could lead the charge in the next round of M&A.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The move from Chubb comes at a moment of perceived weakness for AIG.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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Canopius will continue to be one of several capacity providers to the MGA.
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Newfront’s business units will be combined with Risk & Broking and Health, Wealth & Career.
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The executive co-led the US financial institutions business at BHSI.
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Onex CEO Bobby Le Blanc will retire from Ryan Specialty’s board of directors.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general.
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Earlier this week, The Baldwin Group said it will merge with CAC Group in a deal valued at $1.026bn.
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The acquisition brought four collector vehicle MGAs to the carrier’s existing collector vehicle portfolio.
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The hire advances Howden’s growth push in the US.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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Next year will mark five consecutive years of insolvency increases.
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The deal is slated to close in the first quarter of 2026.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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Last month, Insurance Insider US revealed that MMA was set to buy Atlas following a sale process.
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Insurance Insider US reviews Euclid’s process and recent events in US MGA and retail broking.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The executive will report to Katalyx president and CEO Praveen Reddy.
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A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.
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The PE firm held 3.1% of the company’s shares, but will now hold none.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The valuation for the Jay Rittberg-led program manager is understood to be $1bn+.
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The MGA is exploring new product lines including condos and renters, CEO John Chu said.
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The move comes after the company posted 52% YoY top-line growth in Q3.
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The company announced four key leadership appointments on Wednesday.
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The carrier is currently focused on ~$1bn bolt-on acquisitions.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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Finance and insurance hiring is 27% below 2022’s peak, compared with 37% nationwide.
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MassMutual will retain an 82% stake in the $470bn asset manager.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker said R&W rates rose to 2.8% in Q2 vs 2.5% in Q1.
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Average revenue per agency acquired YTD in 2025 was $2.35mn, down 13% year-over-year.
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Sources said that the New York-based InsurTech retained Evercore to advise on the process.
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The transaction is Davies’ largest strategic M&A addition to date.
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Veradace claims the deal benefits Tiptree management at shareholder expense.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Sources said that the platform drafted in Ardea Partners to advise on the recap.
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The executive noted that an influx of new entrants in the E&S market is increasing competition.
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Earlier this year, this publication revealed that Atlas was considering a potential sale.
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The $21/share pricing falls in the middle of the expected range.
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Insight into the state of the insurance M&A market, powered by Insurance Insider US’s comprehensive deal database.
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The chief executive said he doesn’t expect to see a price drop anytime soon.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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HNW family offices are now among investors considering the US MGA segment.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
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The acquisition will expand PHLY’s presence in the niche market.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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Sources said that the transaction valued the Californian auto F&I business at over $1bn.
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The broker will join Ron Borys’ financial lines team.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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This publication revealed that Starr was zeroing in on the deal earlier today.
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The parties could announce the transaction soon, according to sources.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The global insurer will need to convince investors on the quality of the book.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Property insurance rates declined by 9%, the same as in the prior quarter.
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Old Republic said the acquisition is expected to close in 2026.
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The company and its main debt provider Ares agreed to relax its debt terms in April.
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Dealmaking took centerstage, but other discussed topics were growth, talent and capacity.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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Sources said that Piper Sandler is advising the Dallas-based program manager on the process.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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How do you harmonise distribution strategies in a rapidly evolving marketplace?
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In Partnership with AXISMichael McKenna, Head of North America Specialty Insurance, AXIS, outlines the key trends shaping the industry as 2025 comes to a close and underscores that talent acquisition and rapid technology integration will be critical for specialty insurance in 2026.
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In Partnership with AXISLooking ahead to 2026, Michael Silas, Head of Global Credit, AXIS, sees mildly positive global growth driven by tech and infrastructure, but says credit sentiment remains cautious and reinsurers must still price to long‑term tail risk.
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Brown & Brown appoints Hearn to lead global operations
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Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
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