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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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In casualty, the executive is seeing an acceleration of flight to quality both from cedants and reinsurers.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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Ackman will need leaders like Ajit Jain behind him and make the right bets at the right price at the right time.
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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The company named two execs to head global wholesale and commercial.
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Valor Equity led the raise, which included Lightspeed and General Catalyst.
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Inflation was down from the 3% recorded for the 12 months ending in September.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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The federal judge said South has direct knowledge about a previous raid involving Aon.
