Brown & Brown
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It was the broker’s second-largest deal in Q4 after it completed the takeover of Dutch brokerage Quintes. -
The Nationwide subsidiary is a $750mn-premium wholesale brokerage that serves about 10,000 local agents.
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Company-specific strategies will play a vital role in sustaining growth in the current market.
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Brown also said California needs a Marshall Plan-like strategy after the wildfires’ devastation.
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The Insurance Insider US news team runs you through the earnings results for the day.
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But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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The firm’s trajectory could, however, make it harder to meet guidance going forward.
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Casualty, general liability and excess will also see rate pressure.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Mike Neal and Mark Abate have been elevated to senior leadership roles.
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Hearn has held CEO positions with several other units of the Ardonagh Group.
Related
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Brown & Brown to pay over $700mn for Dutch broker Quintes
August 07, 2024 -
Brown & Brown acquires Quintes from Aquiline
July 29, 2024