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Brown & Brown News
Latest news from Brown & Brown
The broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
This year, Brown & Brown, WTW and Baldwin emerged as major acquirers in the latest consolidation cycle.
Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
The Insurance Insider US news team runs you through this week’s key agency M&A.
Investors recalibrate their expectations for the segment as the soft market approaches.
The retail heavyweight uses around 1,000 trading partners to access the wholesale channel.
Success in the soft market will be had when careful preparation meets opportunity.
The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
Rate pressure on wind and quake partially offset overall Q3 programs growth.
The Insurance Insider US news team runs you through the earnings results for the day.
The London-based executive will relocate to Daytona Beach, Florida.
The broker is understood to manage Brown & Brown’s account at Howden.
The business is beginning to integrate following a $9.8bn acquisition.
The executive has been serving as COO since February.
The move includes One80 Intermediaries, formerly part of Risk Strategies.
Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
The Risk Strategies parent company had also been the subject of bids from Marsh and Howden.
Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
The broker posted a 6.5% drop in organic growth YoY.
Some E&S business is flowing back to the admitted market but so far it is “anecdotal”.
This is its second significant wholesale acquisition this year following the $54mn takeover of NBS.
The Insurance Insider US news team runs you through the earnings results for the day.
Weatherbys Hamilton provides private client, bloodstock and farm coverage.
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.
Competitor news
Competitor news
Competitor news
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The federal judge said South has direct knowledge about a previous raid involving Aon. -
The parties now have 60 days to file a stipulation to dismiss the action.
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The company also promoted Zulma Suarez to CEO of Colombia and Venezuela.
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The deal valued the tech-driven broker at over ~21x 2025 adjusted Ebitda, suggesting a hefty premium.
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A motion to dismiss argues the case should not have been filed in federal court.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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The policy includes a $200mn limit with an additional $100mn for side A coverage.
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WTW still has meaningful capital to deploy next year but will provide details on its next earnings call.
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Newfront’s business units will be combined with Risk & Broking and Health, Wealth & Career.
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The move comes over a year after Aon completed its $13bn purchase of NFP.
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The case is the latest in a series of lawsuits alleging Alliant raided MMA for talent.
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Onex CEO Bobby Le Blanc will retire from Ryan Specialty’s board of directors.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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Fears relating to an economic downturn continue to dominate concerns.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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Marsh has accused its former execs of flouting a preliminary injunction.
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Last month, Insurance Insider US revealed that MMA was set to buy Atlas following a sale process.
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The executive was most recently head of US casualty at Aon.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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The executives are based in Seattle and New York.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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GC continues to pursue Willis Re and individuals in court.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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A motion by defendants to dismiss the case was also denied.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
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The executive most recently served as the company’s chief broking officer.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The dismissal comes after the judge in the case had stayed it just a day earlier.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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California may not be the only state to see non-economic damage caps in medmal get challenged.
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Earlier this year, this publication revealed that Atlas was considering a potential sale.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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Sources said the executive will report to Julian Pratt in South Florida.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Marsh is also suing a second tier of former Florida leaders.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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What were the defining moments that shaped the insurance market in 2025?
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How do you harmonise distribution strategies in a rapidly evolving marketplace?
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In Partnership with AXISMichael McKenna, Head of North America Specialty Insurance, AXIS, outlines the key trends shaping the industry as 2025 comes to a close and underscores that talent acquisition and rapid technology integration will be critical for specialty insurance in 2026.
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From Insurance Insider
Insider Outlook: Year in Review
From cat losses from wildfires and hurricanes to litigation battles to the shifting commercial insurance landscape — these are the stories that defined our industry in the last 12 months.
In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
From Insurance Insider US
Commercial lines rate increases slow to 3.8%: WTW
The figure is down from 5.9% in Q2 2024.
From Insurance Insider
LIVE from Monte: Mereo CEO Croom-Johnson
While investors recently have favored the “instant gratification” of supporting brokers and MGAs, start-up reinsurer Mereo CEO David Croom-Johnson said he thinks capital will “fall back in love” with balance-sheet companies who deliver consistent profitable results.
From Insurance Insider ILS
Hannover Re outlines ILS plans as Ludolphs to retire at end of 2026
Hannover Re Capital Partners is in talks with two investors for 1 January launch.
From Insurance Insider
LIVE from Monte: Paul Campbell, Global Growth Officer for Aon’s strategy & technology group
Paul Campbell details how the most profitable insurers act during a soft versus hard market.
From Insurance Insider ILS
Ascot aims to establish Wayfare Re as an 'evergreen' source of capital
The global specialty player is also exploring ILS offerings across specialty and cat bonds.
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.