Brown & Brown
-
Inside P&C’s news team runs you through the key highlights of the week. -
The transaction marks another step in the broker’s acquisition spree this year, including the $1.85bn GRP deal – closed on July 1 – and the $487mn takeover of MGA Orchid.
-
Inside P&C’s news team runs you through the key highlights of the week.
-
The firm’s contingent commissions were negatively impacted by $15mn while the captives division estimates $11.5mn of Ian-related losses.
-
Q3’s consolidated organic growth number marked the lowest organic expansion for the company since the last quarter of 2020, when it reported a 4.7% figure.
-
As the super-cycle slows and the economic landscape becomes more uncertain, brokers will face pressure, though a cooling labor market may aid margins.
-
The company also shifted former CEO Carlsen to EVP for National Programs; tapped Bowie as president and CUO.
-
While brokers continue to report positive earnings, the possibility of a downturn shouldn’t be discounted.
-
In a Q2 earnings call, J Powell Brown described the impact on the broker if issues in Florida “were to all go to hell in a handbasket”.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The broker’s second-quarter adjusted diluted earnings per share rose by 6.3% to $0.51 per share, above analysts' average expectation of $0.48 per share.
-
Brokers may face pressure as the pricing cycle turns and estimates fail to keep up.
Most Recent
-
Cyber awaits moderating rate increases from flat to 25% in Q4: WTW
December 02, 2022 -
M&A weekly round-up: MMA, Gallagher, Charles Taylor, Alkeme and more
December 02, 2022 -
Allstate says inflation and auto severity led to adverse reserve changes
December 02, 2022 -
October’s Texas surplus lines premiums rise 17.9% to $827mn
December 02, 2022 -
The Week in Brief: Florida, Zaffino at AIG, Q3 earnings sentiment
December 02, 2022
