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This is its second significant wholesale acquisition this year following the $54mn takeover of NBS. -
The Insurance Insider US news team runs you through the earnings results for the day.
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As the US recovers from a major flood event, the vast majority of Americans remain uninsured.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A timeline for the process has yet to be determined, but the base case is H1 2026.
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Sources said the Atlanta-based platform retained Evercore to run the auction.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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Sources said that Evercore is running the process, which went through first-round bids earlier this month.
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Softer market conditions are likely to create a wave of consolidation favoring large brokers.
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Jim Franson joins from Validus Re, where he was US president.
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