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Brown & Brown News
Latest news from Brown & Brown
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.
The acquirer will carry out a ~$4bn equity placement to help finance the transaction.
Sources said that negotiations are proceeding well with a path to do a cash deal.
Q1 was the ninth consecutive quarter of below-average deal volume.
The Insurance Insider US news team runs you through this week’s key agency M&A.
It will be tough to pull off prior goals despite management assurances.
The firm acquired total assets of $65mn and assumed liabilities of $11mn.
Q1 rates in most lines were consistent with prior quarters but slightly down on 2024.
The Insurance Insider US news team runs you through the earnings results for the day.
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.
Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.
This publication revealed the appointment earlier today.
He will have to step down from his non-executive role on the board to take the job.
It was the broker’s second-largest deal in Q4 after it completed the takeover of Dutch brokerage Quintes.
The Nationwide subsidiary is a $750mn-premium wholesale brokerage that serves about 10,000 local agents.
Company-specific strategies will play a vital role in sustaining growth in the current market.
Brown also said California needs a Marshall Plan-like strategy after the wildfires’ devastation.
The Insurance Insider US news team runs you through the earnings results for the day.
But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
The firm’s trajectory could, however, make it harder to meet guidance going forward.
Casualty, general liability and excess will also see rate pressure.
The Insurance Insider US news team runs you through the earnings results for the day.
Competitor news
Competitor news
Competitor news
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Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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Behind the Headlines Podcast
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Stephen Catlin, Executive Chairman for Convex, shares insights on leadership, climate initiatives and how insurance must evolve at the PwC Insurance Summit in Bermuda.
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In Partnership With Swiss Re Corporate SolutionsAndrea Baer, Head of Alternative Risk Transfer Latin America for Swiss Re Corporate Solutions, discusses how Latin American companies use alternative risk transfer solutions like parametric cover and captives to overcome insurance capacity challenges.
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In Partnership With MS AmlinWilliam Ho, CEO of MS Amlin Asia Pacific discusses the Phoenix Re catastrophe bonds and plans to grow ILS in Asia.
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From Insurance Insider US
HSCM among stock sellers in Slide’s $408mn IPO
Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
From Insurance Insider US
Compre appoints HSCM’s Bardon to newly created CUO role
Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
In Partnership With
Swiss Re Corporate Solutions
From Insurance Insider
Climate change remains a ‘pervasive threat’ to economy: Swiss Re CorSo North America CEO McGrath
Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.
From Insurance Insider ILS
State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
From Insurance Insider ILS
Casualty ILS market can double annually in next two years: MultiStrat CEO
Industry sources estimate the market to be around $3bn.
From Insurance Insider
Arcas promotes Deane to MD, head of US
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.