Newfront
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The deal valued the tech-driven broker at over ~21x 2025 adjusted Ebitda, suggesting a hefty premium. -
WTW still has meaningful capital to deploy next year but will provide details on its next earnings call.
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Newfront’s business units will be combined with Risk & Broking and Health, Wealth & Career.
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The restructuring affected less than 5% of its workforce, according to the company.
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Harney has also worked at Alliant, WTW and Marsh, among other firms.
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Schawe joins the San Francisco-based brokerage after over four years at Marsh, where he was managing director and head of office.
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The executive joined the San Francisco-based brokerage in 2020 after almost six years at MCM, where she was marine account manager.
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Based in Boston, Wilson will report to Newfront’s head of executive risk, Deirdre Finn.
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Prior to joining Newfront, Wagner worked as Marsh’s central zone growth leader, overseeing 18 offices throughout central US.
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The executive specializes in the real estate and manufacturing markets.
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The executive will lead Newfront’s insurance, benefits and retirement services.
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The executive joins the San Francisco-based brokerage after stints at Aon, Lockton and Chubb.
