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Growth in construction projects is increasing the need for coverage. -
Insurance Insider US revealed last year that Intercare had retained MarshBerry to explore strategic options.
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The executive has previously held roles at CRC Group, Allianz and Nationwide.
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“Models aren't going to tell you what the emergent risks today are,” Dolan said.
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Insurance Insider US revealed last week that Hub had secured a ~16.5x Ebitda valuation in its “private IPO”.
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The two deals bring the combined company’s Ebitda to about $25mn-$30mn.
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The company completed its upsized IPO last week and traded up to 1.3x book.
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The Tampa-based insurer says it will use the capital for general corporate purposes.
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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.
