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The Bermudian's MGA will be based out of Miami, New York and Pennsylvania. -
Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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The Montreal broker will use the funds to expand its Canadian operations.
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The fire started Monday night, with high winds predicted for Tuesday morning.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
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Sources said the ~C$55mn Ebitda business retained RBC to run the strategic review.
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The deal is financially attractive, but risks diluting the jewel that is Gallagher’s US mid-market business.
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James Drinkwater is to serve as vice chair and executive chairman at Amwins Global Risks.
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AIG launched an IPO of Corebridge Financial in September 2022.
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The executive said the combined entity could execute 100-110 tuck-in M&A deals a year.
