Brown & Brown’s consolidated organic growth accelerated to 13.8 percent in Q4 from 9.5 percent in the third quarter, driven by a 38.6 percent surge in national programs and a 4.4 percent pickup in retail, as its overall adjusted Ebitdac margin expanded by 190 basis points.
Juniper Re has hired BMS Re’s global head of legacy solutions Mory Katz to lead the challenger broker’s move into the legacy segment, marking the Baldwin Group-owned reinsurance intermediary’s latest business line expansion, The Insurer can reveal.
Philadelphia-based (re)insurance broker Protecdiv has appointed former QBE North America executive Denise Hunter as executive vice president of strategic partner development.
Goldman Sachs-backed UK broker consolidator Clear Group has named industry veteran and former Miller executive Oscar Holloway to lead its ongoing acquisition spree as managing director, M&A.
London insurance broker Evolin Broking Ltd has announced the creation of a new construction division led by a senior executive from Miller Insurance Services.
MarshBerry expects “very active” 2025 broker M&A, and “aggressive valuations” for high sale velocity
Following a 5.2 percent increase in US broker M&A in 2024 – with BroadStreet, Inszone and Hub the top buyers – MarshBerry expects activity this year to be “very active” including the exception that there will be a “few more” large deals.
With WTW group CEO Carl Hess having confirmed the group’s plans to re-enter treaty reinsurance broking in December, one of the key questions now is who will lead the new entity. The Insurer examines both the opportunity and the likely leadership candidates below…
A judge in the Southern District of New York has extended a temporary restraining order barring three new hires of Alliant Insurance Services from soliciting or accepting certain Marsh & McLennan Agency clients, or from using two spreadsheets containing client data that Alliant alleges were taken by the former employees.
Unity Partners-backed P&C insurance brokerage Tropolis has acquired BDMH Enterprises, Follmer Insurance Services, Madigan Pingatore Insurance Agency and R&A Insurance.
WTW has extended its Investment Management Insurance Plus product, which addresses the specific needs of asset managers, to clients in the US after its initial launch in Canada and the UK.