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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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WTW still has meaningful capital to deploy next year but will provide details on its next earnings call.
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Newfront’s business units will be combined with Risk & Broking and Health, Wealth & Career.
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The move comes over a year after Aon completed its $13bn purchase of NFP.
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Investors recalibrate their expectations for the segment as the soft market approaches.
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The case is the latest in a series of lawsuits alleging Alliant raided MMA for talent.
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Onex CEO Bobby Le Blanc will retire from Ryan Specialty’s board of directors.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Earlier this week, The Baldwin Group said it will merge with CAC Group in a deal valued at $1.026bn.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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The hire advances Howden’s growth push in the US.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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The deal is slated to close in the first quarter of 2026.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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Marsh has accused its former execs of flouting a preliminary injunction.
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The retail heavyweight uses around 1,000 trading partners to access the wholesale channel.
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Last month, Insurance Insider US revealed that MMA was set to buy Atlas following a sale process.
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The executive was most recently head of US casualty at Aon.
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In September, Insurance Insider US revealed that the firm had instructed a recruiter to search for Kinney’s successor.
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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 subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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The executives are based in Seattle and New York.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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GC continues to pursue Willis Re and individuals in court.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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Softening rates amid worsening loss costs paints an uncertain future for the industry.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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Finance and insurance hiring is 27% below 2022’s peak, compared with 37% nationwide.
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A motion by defendants to dismiss the case was also denied.
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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 mayor-elect has promised to build 200,000 new units in New York City.
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Average revenue per agency acquired YTD in 2025 was $2.35mn, down 13% year-over-year.
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The growth and profitability survey predicts 8.5% median growth for 2025.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The executive most recently served as the company’s chief broking officer.
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The newly installed US vice chair explains why inefficiency drove her from legacy firms.
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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 dismissal comes after the judge in the case had stayed it just a day earlier.
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Industry sources said they expect most larger firms will be able to meet the requirements.
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Sources said that the platform drafted in Ardea Partners to advise on the recap.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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California may not be the only state to see non-economic damage caps in medmal get challenged.
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Earlier this year, this publication revealed that Atlas was considering a potential sale.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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Sources said the executive will report to Julian Pratt in South Florida.
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Marsh is also suing a second tier of former Florida leaders.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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Success in the soft market will be had when careful preparation meets opportunity.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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HNW family offices are now among investors considering the US MGA segment.
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Fears of the oncoming soft market are causing a sector rotation away from P&C.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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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 grew earnings per share by 12.1% during the quarter.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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Gallagher said that the firm is ready to engage in large deals again after the acquisition of AP.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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The broker will join Ron Borys’ financial lines team.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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Rate pressure on wind and quake partially offset overall Q3 programs growth.
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The Insurance Insider US news team runs you through the earnings results for the day.
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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 said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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While limited to only some accounts, it’s a sign of the intense competition in the segment.
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A canvassing of the cyber market suggests the impact will be negligible.
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Property insurance rates declined by 9%, the same as in the prior quarter.
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Sources said that the executive will join the reinsurance brokerage next year, after his garden leave expires.
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Ben Hanback joins from Aon, where he spent almost a decade.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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Howden is facing fallout from its push into the US retail market via mass hires.
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A quiet wind season is also expected to further soften the property market.
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Bonnet has spent more than four years at WTW in increasingly senior roles.
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Sources said the PE-backed platform retained IAP to advise on the process.
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The hire comes a few months after Nick Greggains was promoted to CEO.
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The London-based executive will relocate to Daytona Beach, Florida.
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Early Q3 earnings reports point to worsening market conditions.
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The portfolio encompasses $5bn+ of subject premium across ~75 programs.
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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 will report to Howden US CEO Mike Parrish.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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The selloff may hint at headwinds for equity investors.
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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An average of 81% of property accounts renewed flat or down.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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Private capital–backed buyers accounted for 73% of the 513 transactions this year.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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Dale Krupowicz was also named head of operations for the segment.
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The motion claims the New York court has no jurisdiction in the case.
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Though wildfire losses are up, total losses are the lowest since 2015.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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Neil Ross was also appointed CUO for the broker’s MGA.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.
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Founder Chad King will transition to chairman but continue leading M&A efforts.
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The layoffs will mostly affect workers in Michigan.
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WTW claims at least two $1mn accounts were also unfairly lost to Howden.
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The broker is understood to manage Brown & Brown’s account at Howden.
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Jeremiah Bickham will be a strategic adviser until the end of the year.
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JP Morgan and RBC are advising the brokerage on its options ahead of an eventual IPO.
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The executive was formerly EVP and central regional leader at Aon.
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Insurers are pleased, brokers are looking for trade-offs, and everyone’s talking about Howden.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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The executive has been at the broker for over 20 years.
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The unit’s co-heads, Braithwaite and Apostolides, left the firm in the summer.
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The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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The executive will officially start in mid-November.
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The broker will now have access to an M&A war chest for inorganic growth.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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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 deal will give the broker access to an M&A war chest to fuel inorganic growth.
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The firm posted trailing 12-month organic growth of 23% YoY supported by a three-pillar strategy.
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The executive has worked for Aon for almost two decades.
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Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
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The business is beginning to integrate following a $9.8bn acquisition.
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Industry stocks were firmly behind the S&P 500 in Q3.
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She previously served as Hub’s North American casualty practice leader.
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The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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Superintendent Harris is stepping down this month after four years of service.
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Cyberattack/data breach remains in the top slot.
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Home buyers looking to close on a mortgage could find the private market an attractive alternative.
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Verisk's recent deals and its interest in cyber-analytics firm CyberCube show M&A in the segment has ticked up.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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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 $20bn+ TIV data center is seen as the leading edge of significant new demand.
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The New York City gala paid tribute to the industry’s top talent.
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The executive joins the company after 17 years at Aon.
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Sources said the start-up has two $10mn+ Ebitda platform deals lined up.
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The executive has also held senior positions at Lockton and Marsh.
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The executive will join Howden’s new US retail broking operation.
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Global pricing is now 22% below the mid-2022 peak.
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The executive met with UK colleagues to discuss plans for the US business.
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Markel’s Bryan Sanders is receiving the Lifetime Achievement Award for his service to the industry.
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The succession could take some time, and the current CEO could also move to exec chairman.
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Lockton Re has predicted major growth in the global cyber insurance market.
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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 deal values the Onex-backed P&C broker at over $7bn.
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Other parties that looked at the business include CPPIB, Permira and Carlyle, sources said.
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A federal judge restricted former Marsh employees from soliciting for Howden.
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The deal’s benefits headlined AJG’s investor day presentation.
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This publication revealed earlier this year that the firm was working with Ardea to explore strategic options.
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The acquisition furthers Howden’s expansion into the US retail space.
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Sources said the agency first considered a debt raise but recently pivoted to a sale process.
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As data privacy litigation increases, insurers increasingly lean on exclusions.
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Tangram will become the inaugural portfolio company of Balavant Insurance.
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The measures also seek to encourage greater wildfire mitigation efforts.
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Her predecessor will become head of US excess casualty and operations.
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The practice group will enhance the company’s existing offerings in E&S.
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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 annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
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The platform aims to “bend the loss curve”.
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The team previously operated with Sheerin and Woodruff but will grow to five brokers.
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Former head of construction Bill Creedon will assume the role of chairman.
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The boutique retail broker provides P&C and benefits services in the Mexican Caribbean hospitality sector.
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Both executives will be based in New York City.
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Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Rates will remain elevated in a period of structurally higher risk premia.
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The executive stepped down from Oneglobal in July after five years leading the firm.
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P&C stocks recovered faster than the S&P 500 following a late July dip, but a gap remains.
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The executive has been serving as COO since February.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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The rest of 2025 appears poised to remain favorable for insureds, however.
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The broker has filed a motion to dismiss the lawsuit by Marsh.
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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 company said defendant "distraction" can’t make up for flimsy arguments.
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Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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Rates are finally flattening, but it’s unclear if stabilization is enough for insurers’ bottom line.
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Sources said Atlas’ owner is selling the retail agencies but will retain the Hawaii carrier Island Insurance.
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Kerr will begin a new role as CEO at Market Innovators.
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The lawsuit is the third filed by MMA against Alliant in the past year.
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Parrish, now CEO of Howden US, and his colleagues said they didn’t violate contracts.
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Patton Kline succeeds Glod as US aviation and space practice leader.
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A key hearing in the poaching case is set for September 4 in New York.
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The completion is also good news for Marsh, Aon, WTW and other potential buyers in US retail.
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GL and workers’ comp, however, may benefit from a more competitive environment.
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Ongoing pricing headwinds stand to weigh on carriers’ returns and valuations.
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The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
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Insurance Insider US takes a closer look at tuck-in activity as valuations continue to hold steady.
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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 move is a retaliation to Howden’s US retail launch.
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Sales velocity ticked up to 12.2% in Q2 but has remained steady in the past five years.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The move includes One80 Intermediaries, formerly part of Risk Strategies.
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The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.
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Appointments include leadership in transportation, energy, marine and others.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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The executive has been with the brokerage since 2004.
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Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
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The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Group CEO David Howden says: ‘Our doors are open’.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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The S&P 500 outperforms as P&C tumbles on mixed earnings.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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An industry veteran of 34 years, the executive is known for placing US healthcare business in London.
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The Risk Strategies parent company had also been the subject of bids from Marsh and Howden.
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The suit asserts the raid will cause “incalculable harm” to the broker.
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The wholesaler also paid nearly $29mn for the Irish MGU 360 Underwriting.
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The president expects to see benefits from the deal in H2 2026.
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AJ Gallagher has responded to a request for additional information under the HSR filing.
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The Insurance Insider US news team runs you through the earnings results for the day.
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WTW is “particularly interested” in growing markets like wealth management with bolt-on M&A.
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The novel product appears to have been pitched to multiple clients.
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AmeriLife and OneDigital are in the market while Relation is preparing for a liquidity event.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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The pace of increases ticked down in the second quarter compared to Q1.
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Roughly half a year since the LA fires, brokers said there’s hope things are turning around.
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The broker has noted that double-digit reductions are increasingly available in property.
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The broker posted a 6.5% drop in organic growth YoY.
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Some E&S business is flowing back to the admitted market but so far it is “anecdotal”.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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Matthew Flynn joins from RenaissanceRe.
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This is its second significant wholesale acquisition this year following the $54mn takeover of NBS.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The executive left Lockton Re in June after almost six years.
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As the US recovers from a major flood event, the vast majority of Americans remain uninsured.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A timeline for the process has yet to be determined, but the base case is H1 2026.
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Sources said the Atlanta-based platform retained Evercore to run the auction.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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The broker’s EPS beat consensus at $3.49 for the quarter.
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Sources said that Evercore is running the process, which went through first-round bids earlier this month.
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Softer market conditions are likely to create a wave of consolidation favoring large brokers.
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Jim Franson joins from Validus Re, where he was US president.
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Weatherbys Hamilton provides private client, bloodstock and farm coverage.
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The awards, now in their fifth year, will be held in New York at 583 Park Avenue on September 25.
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It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
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Renewal rates fell, despite elevated catastrophe losses.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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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 executive briefly exited the firm last month for a role at Marsh.
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Succession, heavyweight M&A and expanding beyond its core will all test the broker.
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The technology will help analyze growing and emerging risks, especially climate change.
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The broker has emerged as the emphatic winner of the supercycle, but new tests are coming.
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Total revenues grew 12% due to the contribution from acquisitions.
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The executive had been Stone Point’s representative on Higginbotham’s board.
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This publication revealed the planned stake purchase earlier this week.
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John Neal was due to start at Aon as global reinsurance CEO in September.
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Top companies eliminated or heavily modified language related to DEI this year, analysis shows.
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US events accounted for more than 90% of global insured losses.
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In May, this publication revealed that Warburg was among the PE bidders for KAP.
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Social inflation, reserving, and organic growth are the topics to watch this earnings season.
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The executive has spent 13 years in the broker’s marine division.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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While official return to office mandates have gathered steam, what they look like in practice can vary widely.
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Apax and Carlyle will continue to back the broker consolidator.
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In the US, the index fell 6.7% year on year.
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Renewable energy premium written in London and international markets amounts to $2bn.
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The broker also alleges a coordinated effort undermine client confidence.
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Although overall compensation has gone up, analysis shows divergence versus value creation.
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She joins the brokerage after 18 years at Canada’s Intact.
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Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
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Sixth Street and Cornell also bid for the wholesaler.
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The January wildfires did little to hamper their appetite, apart from California.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Elevated cat losses in H1 weren’t enough to stop a further softening of the market.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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It is the second deliverable of the FIT Transition Plan Project.
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The broker has expanded the number of global industry verticals to seven from four.
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He was most recently Marsh’s US manufacturing and automotive practice head.
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The executive brings more than 25 years of insurance experience.
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The soft market continued through H1 2025, especially on shared programs.
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P&C’s outperformance lead dwindles, while specialty rises above other segments.
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The LA wildfires accounted for 59% of loss activity over Q1.
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Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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Premium rose across the top 15 P&C risks in 2024.
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Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
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The broker noted a “significant variation” in renewal outcomes.
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The executive has experience as both an attorney and a broker.
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The deal, revealed by this publication in December, values the firm at $14bn.
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A second look at the services deals boom powered by this publication’s M&A Tracker.
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The measure could have landed insurers with extra tax on US business.
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The restructuring affected less than 5% of its workforce, according to the company.
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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 built out Lockton Re’s US casualty and professional lines treaty book.
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Sources said BMO was retained earlier this year to advise on the strategic process.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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Additional buybacks are more feasible if P&C stocks slip and pricing moderates.
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The executive will report to US construction practice leader Jim Dunn.
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The move follows a recent string of initiatives for Howden in Latin America.
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The platform will capture and standardise data from all submissions, the broker said.
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He joined RPS in 1999 after a year-long stint as regional manager of Executive Risk.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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PwC reported that deal volume decreased to 209 deals from 297, but values climbed to $30bn from $20bn.
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Howden has been expanding its South American presence through M&A.
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Coverage has broadened while limits have increased, the broker said.
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The pair joined MMA after the $7.75bn purchase of McGriff in November.
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The executive was formerly head of cyber solutions, North America.
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The reinsurance division booked 29% growth for the fiscal year to 30 April 2025.
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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 30-year insurance veteran will be charged with taking on recruitment and M&A.
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The deal triples Hippo’s new homeowner leads and extends Baldwin’s MGA capacity.
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GCP retains a controlling interest in the Californian retail brokerage.
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Hippo will also provide capacity for existing and future MSI programs.
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Above-market organic growth, mid-market M&A and talent infusions were all heralded.
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Brokers across London and Bermuda have handed in their notice to join the start-up reinsurance broker.
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The former Hub executive has over 30 years of experience in transportation.
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Howden recently expanded in South America with the takeover of Contacto and Innova Re.
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The documents figure in a potential criminal case against a CCB employee.
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The Bermuda-based team is led by John Fletcher.
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The broker is targeting run-rate synergies of $150mn by the end of 2028.
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The appointment follows B&B’s acquisition of Accession.
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The deal multiple is understood to be around 15x adjusted Ebitda.
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The executive has been with the firm for close to 15 years.
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Case added that recently acquired broker NFP has “exceeded” expectations.
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The broker is launching a reinsurance arm in partnership with Bain Capital.
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The acquirer will carry out a ~$4bn equity placement to help finance the transaction.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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White Mountains invested $150mn in the retail platform earlier this year.
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The Michigan-based firm will join Ryan Specialty’s binding authority division.
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The offering comes after Acrisure’s $2.1bn convertible pref share raise.
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The merger is on track to close in H2 2025, CEO Pat Gallagher said.
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The executive has 15 years of experience in meteorology and cat analytics.
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The panel aimed to highlight “synergies” between insurance and litigation finance.
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The deal values the company, formerly PCF, at roughly $5.7bn.
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The PE firm’s Aaron Cohen said full integration of broking assets is crucial.
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Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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The broker has been building out its Bermuda reinsurance presence.
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Muñoz was also Aon Re chairman for the Latin American region.
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The executive will remain CEO of reinsurance until September 1.
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Insurance outperformance slows as markets recover from tariff shock.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Up to nine million acres of US land are considered likely to burn.
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The Floridian brokerage expects to bring its leverage levels below 4x later this year.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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Acrisure recently raised $2.1bn from investors in its latest step towards an IPO.
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Burford’s CEO said Chubb is inappropriately using its corporate power.
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Acrisure followed the recaps of Hub International and Broadstreet Partners.
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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 executive will also continue as MD overseeing Caribbean fac.
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SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
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Spicer will transition to a global specialty executive chairman role.
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The broker called on carriers to expand coverage into new specialisms.
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Two large storms hit the Midwest and Ohio Valley regions on May 14-17 and May 18-20.
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The executive will take the global role alongside his existing US responsibilities.
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Additional investors include Fidelity, Apollo Funds and Gallatin Point.
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As with 2024, pricing pressure has been most acute on top layers.
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Lloyd’s traditionally avoided US middle market property, but head of P&C Matt Keeping says times have changed.
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Sources said that negotiations are proceeding well with a path to do a cash deal.
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Third-party litigation financing remains the thorn in the sides of casualty insurers.
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Competition and ample capacity are pushing premiums lower.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Rates have fallen an average of 10%, though changes can be highly specific to each property.
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Litigation funding is a frequent bogeyman for the insurance industry. The feeling isn’t mutual.
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The exec will lead key initiatives including Aon United, and work closely with NFP.
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Sources suggested that the multiple could be as low as the 13x range as valuations reset.
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Large account and E&S property have gotten competitive faster than expected.
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They cover environment, political violence, equipment and cannabis.
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Growth in construction projects is increasing the need for coverage.
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Insurance Insider US revealed last week that Hub had secured a ~16.5x Ebitda valuation in its “private IPO”.
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Q1 was the ninth consecutive quarter of below-average deal volume.
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Median organic growth decelerated to 7.9% in Q1 from 9% in Q4 and 8.4% a year ago.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Broadstreet announced the most deals, followed by Hub and Gallagher.
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He was appointed executive chairman for international in 2021.
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The firm also reported it paid $82.8mn for Brazilian brokerage Case Group.
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The suit names former Marsh execs Hanrahan and Andrews as defendants.
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New broker vehicles are setting up amid accelerated softening in D&F.
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The deal will place the highest ever private valuation on a broking firm.
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The preferred shares will mandatorily convert to common equity on an IPO.
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Alliant is celebrating its 100th anniversary this year, and is the ‘furthest thing from a serial acquirer,’ Greg Zimmer, CEO, Alliant, said at RISKWORLD 2025.
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In casualty, getting significant blocks of capacity remains a major challenge.
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Flexpoint Ford has also positioned itself as a potential minority backer.
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The executive was previously a top US casualty broker.
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In an economic downturn, the kneejerk reaction is to treat insurance and risk management as a cost.
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MGA platforms, however, are seeing higher multiples than those in retail.
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The executive had previously been at Aon for over 15 years.
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P&C held up better than the S&P 500, but there are causes for longer term concern.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Insurers haven’t announced concrete steps – yet.
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The company completed the acquisition yesterday.
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He takes over from Amanda Lyons, who was promoted to global product leader last year.
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AJG still has $2bn of M&A capacity after the AP and Woodruff Sawyer deals.
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The standard market has not ‘meaningfully’ impacted the rate of flow in the aggregate.
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The Insurance Insider US news team runs you through the earnings results for the day.
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It acquired wholesaler ARC Excess & Surplus, confirming an earlier report from this publication.
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It will be tough to pull off prior goals despite management assurances.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Last summer Insurance Insider US flagged 3 advantages that minority deals provide.
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Inflection sets in for insurance stocks as macro albatross gets heavier.
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The executive will oversee Howden Re’s treaty and fac business in Miami as well as the firm’s specialty insurance unit.
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The pair add to the roster of aviation-focused hires at WTW.
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The executive was most recently at Oliver Wyman after joining from AIG last year.
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The firm acquired total assets of $65mn and assumed liabilities of $11mn.
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Q1 rates in most lines were consistent with prior quarters but slightly down on 2024.
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The broker said the burgeoning class of business was still finding its stride.
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Secondary perils are no longer so secondary, but the losses are already priced in for commercial property.
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Growing economic and population exposures are driving potentially larger insured losses.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Sources said JP Morgan and RBC are advising the brokerage.
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The deal is expected to close in the second quarter.
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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's share price dipped 11% in morning trading after its Q1 earnings missed expectations.
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Macroeconomic volatility could also create top-line headwinds.
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The commercial risk and reinsurance units delivered mid-single-digit growth.
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Sources said the firm retained Ardea to run the process.
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The program will offer liability coverage up to $5mn per occurrence.
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Lucy Clarke said the broking business was resilient in the face of macro challenges.
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In an interview, Blue spoke about integration, organic growth, M&A and current market uncertainty.
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Organic growth was flat on the prior year and in line with Q4 2024 figures.
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