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The two deals bring the combined company’s Ebitda to about $25mn-$30mn. -
The take-up rate will depend on the price discount and market segment.
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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 industry is seen as “resilient” amid a volatile risk environment.
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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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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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Growth and returns on equity fall, but most of the industry is still profitable.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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