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The broker’s EPS beat consensus at $3.49 for the quarter. -
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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