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Argo shelved the sale of its Bermudian insurance business in mid-2024. -
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 $10bn acquisition of Risk Strategies is the biggest broker deal relative to size we have seen.
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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 Floridian is the third insurance company to go public in 2025.
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The reinsurer has also appointed Mehdi Benleulmi as global head of credit.
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The NYC taxi insurance market is on the brink of collapse. Regulatory relief has been nowhere to be found.
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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.
