Brown & Brown
-
Mary Raveling becomes the second woman to join the now 14-member senior leadership team. -
With the acquisition, struck through its subsidiary Brown & Brown Lone Star Insurance, the broker will expand its operations in Texas.
-
Lemonade, Root, and Metromile remain the focus of short sellers, as most firms see little short interest change.
-
Following the transaction, Corporate Insurance founder Mark Schwartz and his team will join Brown & Brown’s operations in Ft Lauderdale, Florida.
-
Lemonade and Root remain the focal points of short sellers, while Metromile’s stock loan fee rate increases (pending acquisition).
-
Short interest fell in InsurTechs, but not enough to ease the pressure on the sector.
-
Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.
-
Following the acquisition, Heacock’s staff members will continue to operate from their Lakeland and Sebring offices, under the leadership of Stacey Heacock Weeks.
-
Root and Lemonade remain the highest-shorted stocks covered, as short interest in most firms remains flat in anticipation of earnings.
-
Quarterly results show the first signs of slower organic growth, suggesting its middle-market focus may leave it more sensitive to rate moderation.
-
James River stock tumbles, Brown & Brown slips, RenRe sees modest gains on Q3 results.
-
Despite headlines of major turnover across intermediaries, Brown & Brown’s CEO suggested retention had been as good as ever.
