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Flexpoint Ford has also positioned itself as a potential minority backer. -
The executive was previously a top US casualty broker.
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In an economic downturn, the kneejerk reaction is to treat insurance and risk management as a cost.
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MGA platforms, however, are seeing higher multiples than those in retail.
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The executive had previously been at Aon for over 15 years.
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P&C held up better than the S&P 500, but there are causes for longer term concern.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Insurers haven’t announced concrete steps – yet.
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The company completed the acquisition yesterday.
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He takes over from Amanda Lyons, who was promoted to global product leader last year.
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AJG still has $2bn of M&A capacity after the AP and Woodruff Sawyer deals.
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The standard market has not ‘meaningfully’ impacted the rate of flow in the aggregate.
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