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M&A activity rose 11.8% YoY to 303 transactions in H1 from 271 deals in the prior year period. -
Earnings per share were up 10%, while the margin expanded by 1.3 points.
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The PE-backed brokerage announced the appointments on LinkedIn.
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Jorgen Andersson and Peter Galla will serve as deputy heads of the division.
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Reserving trends, pricing declines and hurricane forecasts are causes for concern.
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It is understood that the brokerage is working with external consultants and is open to a sale, JV or other options.
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Steadfast, AUB and BMS have joined the top 20.
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Stable first half insufficient to counterbalance concerns on reserving trends.
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Horton provides insurance services across Indiana, Illinois, Wisconsin, Minnesota and Florida.
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Underwriters will have the option to purchase an additional 1.6 million shares.
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The industry is mostly reluctant to raise capital with high interest rates, except for brokers.
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The executive will assume the position today, working with Troy Cook on a transition plan.
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