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The Insurance Insider US news team runs you through this week’s key agency M&A. -
In late August, Insurance Insider US revealed that Leavitt was looking for a minority investor.
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The distribution channel has sustained growth and resilience globally.
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Sources said that the underwriter has been working with Houlihan Lokey to find a potential backer.
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Earlier this month this publication revealed that the brokerages were in advanced talks to secure a deal.
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The estimate includes $102mn from Milton and $114mn Helene development.
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The industry posted a good quarter, but reserving and loss cost concerns hardly abated.
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The agency’s outlook for global reinsurance remains at Positive.
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The broker will be using Verisk US agricultural risk models.
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Woodruff Sawyer is understood to have revenue in the $240mn ballpark and Ebitda in excess of $50mn.
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This follows yesterday’s appointment of Sean Smith as company president.
