Brown & Brown
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Success in the soft market will be had when careful preparation meets opportunity. -
The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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Rate pressure on wind and quake partially offset overall Q3 programs growth.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The London-based executive will relocate to Daytona Beach, Florida.
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The broker is understood to manage Brown & Brown’s account at Howden.
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The business is beginning to integrate following a $9.8bn acquisition.
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The executive has been serving as COO since February.
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The move includes One80 Intermediaries, formerly part of Risk Strategies.
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Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
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The Risk Strategies parent company had also been the subject of bids from Marsh and Howden.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
