-
The appointment follows B&B’s acquisition of Accession. -
The deal multiple is understood to be around 15x adjusted Ebitda.
-
The executive has been with the firm for close to 15 years.
-
Case added that recently acquired broker NFP has “exceeded” expectations.
-
The broker is launching a reinsurance arm in partnership with Bain Capital.
-
The acquirer will carry out a ~$4bn equity placement to help finance the transaction.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
White Mountains invested $150mn in the retail platform earlier this year.
-
The Michigan-based firm will join Ryan Specialty’s binding authority division.
-
The offering comes after Acrisure’s $2.1bn convertible pref share raise.
-
The merger is on track to close in H2 2025, CEO Pat Gallagher said.
-
The executive has 15 years of experience in meteorology and cat analytics.
-
Looking to stay up to date with the latest insurance broker news? As a trusted source in the industry, Insurance Insider US delivers in-depth coverage of the latest broker news, market movements, and key insights that matter most to your business. Our team brings you the exclusive, data-driven reporting and analysis you need to fuel your business. Subscribe today to get the latest broker news delivered directly to your inbox.