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Saul Fox, chairman and controlling shareholder, said: “Our M&A market information that suggested we pursue a transaction at this time was not realized.” -
Reagan’s quarterly report noted that private brokers booked 10.2% Q3 organic growth in Q3, the fourth quarter in a row of double-digit growth, and the fifth out of the last six.
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The valuation represents around 26.08x of the insurance agency’s LTM earnings and 5.11x of its revenue as of September 30.
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The Insurance Insider US news team runs you through some of the key M&A deals from the past week.
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Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
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Cedeño Camacho will expand his insurance carrier holdings to North America.
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Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
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In addition to Lightyear’s capital injection, current backer BHMS agreed to roll a material portion of its existing equity and made an additional investment alongside Lightyear.
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The Bill O’Farrell-led legacy business has appointed Evercore as it looks for a fresh PE or strategic backer.
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Insurers should reserve as conservatively as possible, maximize their product set, and decide if they are buyers or sellers.
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WTW also said private equity will continue to dominate the M&A landscape in 2024, with firms sitting on “over $2tn in dry powder” which is ready to deploy.
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The Insurance Insider US news team runs you through some of the key M&A deals from the past week.
