Brown & Brown
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Brokers fired on all cylinders as the group outpaced historical averages on all key performance metrics, largely driven by P&C operations, but the sailing has not been equally smooth for everyone.
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Brown & Brown's Q4 earnings release included improved organic growth of 5.2% that exceeded analyst expectations and the company’s own guidance of 2.9% telegraphed in Q3.
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The MGA will become part of Brown & Brown subsidiary Hull & Company.
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After two quarters of pouring cold water on price firming, brokers have changed their framing of the market in Q3.
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The executive will be Arrowhead General Insurance executive vice president and lead its national programs division.
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MMC and Brown & Brown stock has risen today after the firms released their results.
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Brown told analysts on an earnings call Tuesday that an anticipated influx of fresh capital would have a moderating effect on rate rises.
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Brown & Brown released new investor materials that include bullish pricing data points all over the place.
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Private brokers continue acquisition driven growth and deliver high margins, but deferred integration costs and elevated leverage remain issues to watch.
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CKP will operate as a new stand-alone office within Brown & Brown’s retail segment.
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Intermediaries appear caught between the competing pressures of results that speak to an improving market (good for their stocks) and a concern to manage market expectations to the benefit of clients.
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J Powell Brown said E&S in the London market was the most pronounced pocket of price expansion.