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The MGA platform will become part of Ryan Specialty Underwriting Managers. -
The broker said the casualty segment is approaching an “inflexion point”.
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Republican tariffs and higher Democratic corporate taxes would hurt the sector.
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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 brokers are in the final stages and could seal a deal in the next couple of weeks.
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The global market is stabilising and softening, and casualty and specialty lines are generally stable, the CEO said.
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The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.
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Rate deceleration in property cat increased in September, and property pricing overall was down in Q3.
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The promotion is effective as of January 1.
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Casualty, general liability and excess will also see rate pressure.
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BroadStreet remained the most acquisitive, followed by Hub and Inszone.
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