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Casualty, general liability and excess will also see rate pressure. -
BroadStreet remained the most acquisitive, followed by Hub and Inszone.
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The global broker has beaten off competition from AJ Gallagher, and a number of other strategics.
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It is understood that the business-to-consumer programs are not included in the potential transaction.
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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 the company has retained the services of Dowling Hales as adviser.
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More broadly, the firm is looking at over 100 potential mergers in its pipeline, with ~$1.5bn acquired revenue.
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Backers and CEOs may be wary of falling into the same trap as larger PE-backed retail brokers.
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The Teachers’-backed broker consolidator is being marketed off ~$700mn of Ebitda.
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In our new database, you can find all of the key data points on P&C commercial lines deals in our coverage universe in one place.
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Fleming alleges fraud and misrepresentations on the part of James River.
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The broker’s acquisition amid shifting tides is likely the beginning of a larger M&A uptick in the space.
