Brown & Brown
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The move includes One80 Intermediaries, formerly part of Risk Strategies. -
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.
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The broker posted a 6.5% drop in organic growth YoY.
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Some E&S business is flowing back to the admitted market but so far it is “anecdotal”.
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This is its second significant wholesale acquisition this year following the $54mn takeover of NBS.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Weatherbys Hamilton provides private client, bloodstock and farm coverage.
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The broker is targeting run-rate synergies of $150mn by the end of 2028.
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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.
Related
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Brokers Q1: Growth will be hard-fought from here
May 01, 2025 -
Brown & Brown’s Bridge paid $54mn for wholesaler NBS
April 29, 2025