-
The business consists of the workers’ compensation book and auto casualty bill review solutions. -
The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.
-
AJ Gallagher had also shown an interest in acquiring the Australian retailer.
-
President Tim Turner noted two pricing trends: property “stabilization” and casualty “acceleration”.
-
This was Gallagher’s largest Q1 deal, followed by $66.6mn for Ericson Insurance.
-
The discussions come as the region has seen increased M&A activity in recent years.
-
The 100% equity award will vest in full after five years.
-
Avoiding an antitrust fight aids execution, but creates uncomfortable optics around the multiple paid.
-
The Insurance Insider US news team runs you through the past week’s key M&A deals.
-
Gallagher expects "little impact" from the FTC’s non-compete ban on the firm’s M&A strategy.
-
Aon will provide further updates on NFP and deal financials, on its earnings call tomorrow.
-
The carrier will reassess the market in the fourth quarter, or early in 2025.
