The executive joins Alliant after 13 years at rival broker Woodruff Sawyer, where until recently he was VC and private equity leader.

Reagan’s quarterly report noted that private brokers booked 10.2% Q3 organic growth in Q3, the fourth quarter in a row of double-digit growth, and the fifth out of the last six.

Truist appointed Neil Kessler to lead the wholesale division as CEO, while Bill Goldstein will become CEO of the underwriting unit.

Convergence Point Solutions, the new JV, includes identifying the collateral as credit risk on a portfolio basis and recognizing the regulatory protections for the true risk of default as part of its approach.

The valuation represents around 26.08x of the insurance agency’s LTM earnings and 5.11x of its revenue as of September 30.

The Insurance Insider US news team runs you through some of the key M&A deals from the past week.

With this approval, Aon brokers and clients can begin placing insurance through wholesaler and MGU Embrace.

The appointment comes two weeks after this publication revealed that the executive had resigned from Lockton to join the rival broker.

Hansen’s role will be effective after a transition period with departing COO Chris Brook.

In addition to Lightyear’s capital injection, current backer BHMS agreed to roll a material portion of its existing equity and made an additional investment alongside Lightyear.

During his almost 10-year stint at The Liberty, the executive has also served as chief strategy officer, business development EVP and managing partner.

The Insurance Insider US news team runs you through some of the key M&A deals from the past week.