Risk Strategies
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The UK broker is still in talks with Mubadala about a standalone investment in the business. -
Insurance Insider US examines potential tariffs’ impact on the PE-backed brokers amid the jammed conveyor belt.
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Sources said Brown & Brown has an advantage as it entered the process several weeks ago.
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Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.
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The announcement comes amid discussions regarding a potential merger with Howden.
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Challenges will include boosting the target’s organic growth, Building the Machine, and prepping for an IPO.
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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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In June, Insurance Insider US revealed that the ~$550mn Ebitda business is working with Evercore to bring in a new ~30% backer.
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Sources said that Evercore has been retained to run the strategic process for the ~$550mn Ebitda business.
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Heron has over 25 years of brokerage experience, mostly in real estate roles.
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Peter Fallon is retiring at year’s end after two decades with the firm.
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Drew Carnase joined Risk Strategies two years ago and will be based in Boston, focusing on scaling and optimizing the commercial lines operations.
Related
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