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Average revenue per agency acquired was $3.1mn, down 21.2% from 2023. -
Brown also said California needs a Marshall Plan-like strategy after the wildfires’ devastation.
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Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
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Valuations for platforms last year remained steady, at 14.02x Ebitda.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Sources said the MGA secured support from MS Transverse, Axis, AmTrust and Summit for TL business.
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Sources said Dowling Hales is advising the professional lines quoting platform on the process.
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BroadStreet took the lead as the most acquisitive brokerage last year with 90 takeovers.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Last July, this publication revealed that the agency had retained Piper Sandler to run a process.
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At Zurich, Hirs served as group head of M&A and CFO for North America.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
