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Umbrella recorded the highest premium increase, at 8.6%. -
Woodruff Sawyer is understood to have revenue in the $240mn ballpark and Ebitda in excess of $50mn.
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This follows yesterday’s appointment of Sean Smith as company president.
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The executive will focus on securing reinsurance capacity for new programs.
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Batch coverage is also coming into focus as insurers look for ways to reduce exposure to large losses.
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The executive joins RPS after almost 12 years at Markel.
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The deal follows Davies' recent acquisitions of the TPA arms of HW Kaufman and Brown & Brown.
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The recently filed suit names several personal injury law firms.
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This publication previously revealed that private equity firm GTCR was seeking to place the broker into a continuation vehicle.
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Mr Cooper Group said it was the target of a 2023 hacking attack.
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The floods add to an already historic loss tally for Canada in 2024.
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The average size of acquired agencies was $2.74mn, down from $4.23mn a year earlier.
