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The company completed its upsized IPO last week and traded up to 1.3x book. -
The Tampa-based insurer says it will use the capital for general corporate purposes.
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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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He was appointed executive chairman for international in 2021.
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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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Growth and returns on equity fall, but most of the industry is still profitable.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
