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The wholesaler is shifting its business mix towards delegated underwriting, which should help sustain growth. -
Quintes' revenues for 2025 are projected in the $110mn-$120mn range.
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Brady Gallagher becomes M&A director for the brokerage’s retail operations.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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Index members took over 242 agencies in the first half of 2024, down from 260 a year ago.
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The acquisition includes up to $400mn of performance-based contingent considerations measured through 2026.
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The announcement confirms news this publication revealed in July.
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Mark Lange, chief middle-market executive, will oversee the new businesses.
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Markel acquired 98% of Valor last month and has the option to buy the remaining equity stakes.
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The ratings agency said Sixth Street provides flexibility through long-dated capital.
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The judge relied heavily on a previous UK court decision.
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The deal values the business just under its closing price on Friday, at 0.97x book value.
