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BroadStreet took the lead as the most acquisitive brokerage last year with 90 takeovers. -
The announcement confirms this publication’s report that Grim resigned from Brown & Riding.
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The business is targeting an enterprise value in excess of $30bn, sources said.
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Loss-cost indicators are high for liability, low for property.
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Severe convective storms accounted for 41% of last year’s insured loss load.
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The carrier can claim separately for the Palisades and Eaton fires if necessary.
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The carrier has received more than 3,600 claims from LA wildfires.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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It is understood that Grim will be part of the casualty team at the TIH-owned wholesaler.
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The homeowners’ MGA CEO said the wildfires could spur a re-evaluation of models.
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The estimate has reduced slightly since the modeler’s last update in October.
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Year-end reserving, Milton and wildfires will dominate Q4 earnings discussions.
