Brown & Brown
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Short interest fell in InsurTechs, but not enough to ease the pressure on the sector.
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Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.
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Following the acquisition, Heacock’s staff members will continue to operate from their Lakeland and Sebring offices, under the leadership of Stacey Heacock Weeks.
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Root and Lemonade remain the highest-shorted stocks covered, as short interest in most firms remains flat in anticipation of earnings.
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Quarterly results show the first signs of slower organic growth, suggesting its middle-market focus may leave it more sensitive to rate moderation.
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James River stock tumbles, Brown & Brown slips, RenRe sees modest gains on Q3 results.
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Despite headlines of major turnover across intermediaries, Brown & Brown’s CEO suggested retention had been as good as ever.
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Retail organic growth picked up to 8.3%, while consolidated Ebitdac margins expanded by almost 300bps, to 35.6%.
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The Daytona Beach-based broker expands its retail segment with the purchase of the pharmacy consulting service.
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The Daytona Beach-based broker is to bring its retail segment under one brand name.
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Howden is on the cusp of sealing its third major acquisition in 12 months, and its biggest to date.
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The UK consolidator had been expected to be auctioned, but that process now looks set to be pre-empted.
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