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The executive previously led the excess casualty practice at Aon. -
The group will be located across Epic’s Georgia and Florida offices.
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The broker could bring in a new backer to take out as little as ~10% of shares in a tidying-up exercise.
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Sources said that Evercore has been retained to run the strategic process for the ~$550mn Ebitda business.
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The $357mn program consists of four transactions, including a $50mn facility brokered by Aon.
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He brings more than 20 years of industry experience to the role.
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She will report to Brian Flasinski, Gallagher Re’s new North America CEO.
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The deal represents 4x of the broker's 2023 revenues and 24x of its after-tax earnings.
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The executive is an HR and employee benefits expert.
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His promotion to chief executive was announced in March.
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