Brown & Brown
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The broker’s second-quarter adjusted diluted earnings per share rose by 6.3% to $0.51 per share, above analysts' average expectation of $0.48 per share.
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Brokers may face pressure as the pricing cycle turns and estimates fail to keep up.
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Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
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Brown & Brown CFO R Andy Watts has emphasized to Wall Street analysts that the mid-market broker is “not out of the M&A market”.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Brown & Brown’s first-quarter earnings rose by 10% to $0.77 per share, roughly in line with analyst expectations.
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Owad joins the Florida-based intermediary following almost three years at Amsure, where she served as assistant vice president based in Albany.
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The US intermediary said it would pay roughly $2.5bn for the trio of acquisitions.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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GRP global CEO Mike Bruce will continue to lead the firm and will report to Brown & Brown president of retail segment Barrett Brown.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
