Brown & Brown
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Broker and commercial carrier trends separate as inflation slows but rates stay elevated. -
At least one carrier struck a note of caution during Q3 earnings about the ongoing rapid growth story in surplus lines.
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The Brown & Brown CEO noted that property cat remains "the most challenging" line, while workers' comp decreases have continued to slow.
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The Inside P&C news team runs you through the earnings results for the day.
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Mike Bruce was previously CEO for Global Risk Partners, acquired by Brown & Brown last year.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Brown & Brown CEO will cycle 470 miles in seven days through the Alps, climbing 66,000 feet, with his brothers.
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Differences in business mix and definitions yield differing trajectories for brokers, but in the absence of a recession, we may see continued margin improvement.
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Still, the slowdown doesn't mean that a good business won't trade at high multiples, and the marketplace remains competitive for high-quality acquisitions, executives noted.
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The Inside P&C news team runs you through the earnings results for the day.
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Krump retired from Chubb in January of this year, while Masojada retired from Hiscox in 2021.
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The US retailer’s acquisition of the UK MGA and broking group will be mutually beneficial, according to executives.
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