Hub International
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The broker adds a new EVP and new president to its benefits practice. -
Insurance Insider US examines potential tariffs’ impact on the PE-backed brokers amid the jammed conveyor belt.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Sources said that the broking giant will look to add around 10 additional backers at a $30bn EV.
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The executive joined the firm in early 2023 after 10+ years at Aon.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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DeSett will develop Hub’s commercial lines strategy and drive organic growth.
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A quick round-up of today’s need-to-know news, including Ryan Specialty, Marsh, Allstate.
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Challenges include integration, delevering, winning staff over and building a compelling equity story.
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The practice will provide clients with tailored risk management and insurance packages to address challenges in the commercial insurance property market.
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Yesterday, Inside P&C revealed that the secondary deal takes the total equity raised to $4.1bn, with ~30% of the equity set to change hands.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
Related
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Hub seals huge secondary deal to take capital raise to $4.1bn
September 14, 2023 -
Broker M&A: When private equity’s interest cools
August 10, 2023 -
Hub refinances $6.4bn in debt, expands credit facility
June 22, 2023