Brown & Brown
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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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Defendants can service clients who signed BOR letters as of December 29.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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The broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
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This year, Brown & Brown, WTW and Baldwin emerged as major acquirers in the latest consolidation cycle.
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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Investors recalibrate their expectations for the segment as the soft market approaches.
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The retail heavyweight uses around 1,000 trading partners to access the wholesale channel.
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Success in the soft market will be had when careful preparation meets opportunity.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
