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The MGA and 49% owner SiriusPoint could bring in a new investor.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Earlier this month this publication revealed Howden’s $2bn+ fundraising talks with Mubadala to fund a US deal.
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AJ Gallagher expects to complete the $13.5bn acquisition of AssuredPartners in Q1.
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Average revenue per agency acquired was $3.1mn, down 21.2% from 2023.
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Brown also said California needs a Marshall Plan-like strategy after the wildfires’ devastation.
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Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
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Valuations for platforms last year remained steady, at 14.02x Ebitda.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Sources said the MGA secured support from MS Transverse, Axis, AmTrust and Summit for TL business.
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Sources said Dowling Hales is advising the professional lines quoting platform on the process.
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BroadStreet took the lead as the most acquisitive brokerage last year with 90 takeovers.