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Sources said Brown & Brown has an advantage as it entered the process several weeks ago. -
In February, the company announced it received regulatory approval for the deal.
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The company is on a five-year growth plan, aiming to hit $100mn in premiums by 2029.
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Capital funding new litigation dropped 16% YoY, however.
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Joe Cala will leave the carrier after nearly 13 years on the product recall team.
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The bill being considered would effectively eliminate personal injury protection.
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A US buy would have to be easily integrated, the CEO stated.
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The carrier laid out its business mix for the newly launched reinsurance syndicate.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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Sills’ background, a strong backing, and laser-sharp E&S focus make Bowhead stand out.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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AIG veteran Kevin Bidney will focus on North American marine.
