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The Tampa-based insurer says it will use the capital for general corporate purposes. -
Q1 was the ninth consecutive quarter of below-average deal volume.
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Median organic growth decelerated to 7.9% in Q1 from 9% in Q4 and 8.4% a year ago.
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The industry is seen as “resilient” amid a volatile risk environment.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Broadstreet announced the most deals, followed by Hub and Gallagher.
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The firm also reported it paid $82.8mn for Brazilian brokerage Case Group.
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The suit names former Marsh execs Hanrahan and Andrews as defendants.
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New broker vehicles are setting up amid accelerated softening in D&F.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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The total cost for the program increased 1.8% from last year’s.
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The company’s upsized public offering priced at $30 per ordinary share.
