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The announcement confirms this publication’s report that Grim resigned from Brown & Riding. -
The business is targeting an enterprise value in excess of $30bn, sources said.
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Severe convective storms accounted for 41% of last year’s insured loss load.
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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 Grim will be part of the casualty team at the TIH-owned wholesaler.
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The Willis name, which dates back to 1828, will be used with clients and markets.
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Last July, this publication revealed that the agency had retained Piper Sandler to run a process.
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Brokerage co-presidents Jeff McNatt and Sam Baig discussed the E&S market, rates and M&A.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Most insurers outperformed the S&P 500 last year, but the trend is unlikely to continue.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker cautioned unresolved Russia-Ukraine claims remain a ‘Black Swan’
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