Brown & Brown
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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.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
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Sources said Brown & Brown has an advantage as it entered the process several weeks ago.
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Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.
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This publication revealed the appointment earlier today.
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He will have to step down from his non-executive role on the board to take the job.
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It was the broker’s second-largest deal in Q4 after it completed the takeover of Dutch brokerage Quintes.
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The Nationwide subsidiary is a $750mn-premium wholesale brokerage that serves about 10,000 local agents.
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Company-specific strategies will play a vital role in sustaining growth in the current market.
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Brown also said California needs a Marshall Plan-like strategy after the wildfires’ devastation.
