Hub International

The Insurance Insider US news team runs you through this week’s key agency M&A.

The Insurance Insider US news team runs you through this week’s key agency M&A.

Acrisure followed the recaps of Hub International and Broadstreet Partners.

The Insurance Insider US news team runs you through this week’s key agency M&A.

Q1 was the ninth consecutive quarter of below-average deal volume.

The Insurance Insider US news team runs you through this week’s key agency M&A.

The deal will place the highest ever private valuation on a broking firm.

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.

The Insurance Insider US news team runs you through this week’s key agency M&A.

Sources said that the broking giant will look to add around 10 additional backers at a $30bn EV.

The executive joined the firm in early 2023 after 10+ years at Aon.

Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.

DeSett will develop Hub’s commercial lines strategy and drive organic growth.

A quick round-up of today’s need-to-know news, including Ryan Specialty, Marsh, Allstate.

Challenges include integration, delevering, winning staff over and building a compelling equity story.

The practice will provide clients with tailored risk management and insurance packages to address challenges in the commercial insurance property market.

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.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

After dropping out of the strategic process in the spring, Blackstone has now come in as an investor.

The question of how to finance the private brokers no longer begins and ends with a PE flip.

Hub International has tapped former Aon national property broking officer Blake Giannisis as its North American property practice leader.

The increased facility will be used for “additional acquisitions while fueling investments in strategic initiatives that drive organic growth”, the company said.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

When a Grade A franchise like Hub refis at this kind of valuation, the read across to other assets is highly negative.

Inside P&C revealed in late March that Leonard Green was one of the two remaining parties in the process, with an enterprise value of under $25bn, based on bids of ~16x just under $1.5bn of Ebitda.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Both of them bring decades of experience in the private client industry.

Other names believed to have looked at the asset include CD&R, CVC and Hg, as the process reaches its latter stages.

Need to Know

American insurance broker Hub International is working with investment bank Morgan Stanley to sell a minority stake in itself in a $25 billion deal.

Need to Know

Need to Know

Sources said the Chicago-based retail broker is in the preliminary stages of work with the intention of securing an investment later in the year.

Mule will work alongside Mary-Beth Hahn, who joined Hub in 2021 as complex risk practice leader.

Increased cost of capital is cooling tuck-in M&A, encouraging a pivot to organic growth and forcing greater creativity around financing.

The proposed change could disrupt M&A at brokers, shift the calculus in favor of team lifts and dial up C-suite focus on becoming an employer of choice.

The spun-off units include general wholesale, environmental, construction, cyber and professional liability divisions.

A tougher environment for debt financing and a potential recession will reverse some of the remarkable tailwinds of recent years.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The non-profit practice is Hub’s 10th specialty division launched in the past five years.

Chandani, who also serves as VP for hospitality and real estate, has been with Chubb since 2014.

Sources said that the Los Angeles, California-based team joining Hub includes Juliana Selfridge, Michael Glees, Belen Olloqui and Katelyn Kiblinger.

The acquisition marks the broker’s eighth since the start of March 2022.

Katherine Frattarola most recently served as chief marketing officer at Pure and before then had stints at Morgan Stanley and Citi.

The new practice will bring together specialists with experience in placements, claims, analytics, risk financing and risk control.

The acquisitive company has struck eight deals this month.

Acquisitive Hub International buys Hiles-McLeod of Pensacola in second deal announced in a week.