Brown & Brown
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The UK broker is still in talks with Mubadala about a standalone investment in the business. -
Sources said Brown & Brown has an advantage as it entered the process several weeks ago.
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Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.
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This publication revealed the appointment earlier today.
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He will have to step down from his non-executive role on the board to take the job.
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It was the broker’s second-largest deal in Q4 after it completed the takeover of Dutch brokerage Quintes.
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The Nationwide subsidiary is a $750mn-premium wholesale brokerage that serves about 10,000 local agents.
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Company-specific strategies will play a vital role in sustaining growth in the current market.
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Brown also said California needs a Marshall Plan-like strategy after the wildfires’ devastation.
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The Insurance Insider US news team runs you through the earnings results for the day.
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But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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