Brown & Brown
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The broker is targeting run-rate synergies of $150mn by the end of 2028. -
The $10bn acquisition of Risk Strategies is the biggest broker deal relative to size we have seen.
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The acquirer will carry out a ~$4bn equity placement to help finance the transaction.
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Sources said that negotiations are proceeding well with a path to do a cash deal.
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Q1 was the ninth consecutive quarter of below-average deal volume.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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It will be tough to pull off prior goals despite management assurances.
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The firm acquired total assets of $65mn and assumed liabilities of $11mn.
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Q1 rates in most lines were consistent with prior quarters but slightly down on 2024.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
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Sources said Brown & Brown has an advantage as it entered the process several weeks ago.
Related
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Brown & Brown confirms Hearn’s COO appointment
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Hearn takes group COO position at Brown & Brown
February 24, 2025 -
Brown & Brown paid $62mn for Minnesota retail agency The Canopy
February 14, 2025