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CFO Doug Howell said the company has invested around $700mn in M&A this year.
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Lockton EVP Matthew Simmons was ordered to pay $1.9mn of the total award.
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The Texas-based broker will use proceeds to pay debt, consider acquisitions.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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M&A activity rose 11.8% YoY to 303 transactions in H1 from 271 deals in the prior year period.
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Earnings per share were up 10%, while the margin expanded by 1.3 points.
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The PE-backed brokerage announced the appointments on LinkedIn.
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Jorgen Andersson and Peter Galla will serve as deputy heads of the division.
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Reserving trends, pricing declines and hurricane forecasts are causes for concern.
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It is understood that the brokerage is working with external consultants and is open to a sale, JV or other options.
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Steadfast, AUB and BMS have joined the top 20.
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Stable first half insufficient to counterbalance concerns on reserving trends.