'I am convinced that given the circumstances we took the right decision not to make an offer,' says chief...
DLG making significant cost cuts after recording operating loss of nearly £200m
'We need to do more to drive performance,' says chief executive Direct Line Group (DLG) has revealed that it saw an operating loss from its ongoing operations...
'We need to do more to drive performance,' says chief executive Direct Line Group (DLG) has revealed that it saw an operating loss from its ongoing operations...
Article / 7 days ago
BRP Q4 revenue up 16%; selling wholesale brokerage platform
BRP Group Inc., the parent company of brokerage Baldwin Risk Partners LLC, on Wednesday reported fourth-quarter 2023 revenue of $284.6 million, up...
BRP Group Inc., the parent company of brokerage Baldwin Risk Partners LLC, on Wednesday reported fourth-quarter 2023 revenue of $284.6 million, up...
Article / 29 days ago
Ryan Specialty targets more M&A in 2024 - Business Insurance
Ryan Specialty Holdings Inc. sees significant acquisition opportunities in the year ahead, including some large deals, the specialty brokerage's top executive said on a call with analysts...
Ryan Specialty Holdings Inc. sees significant acquisition opportunities in the year ahead, including some large deals, the specialty brokerage's top executive said on a call with analysts...
Article / 30 days ago
Merger failed, top talent bailed – how this broker thrived through adversity - Insurance Business America
And why specialization (and slashing costs) has helped...
And why specialization (and slashing costs) has helped...
Article / 2 months ago
CAC revenues up 40% in 2023, with further growth and possible M&A forecast
CAC Group's revenues increased almost 40 percent to $263mn in 2023 as the fast-growing broking business recorded significant expansion across its...
CAC Group's revenues increased almost 40 percent to $263mn in 2023 as the fast-growing broking business recorded significant expansion across its...
Article / 2 months ago
Insider US in full: Too big to sell: AssuredPartners and the challenges for levered brokers
AssuredPartners exemplifies the challenges that levered brokers are facing.
AssuredPartners exemplifies the challenges that levered brokers are facing.
Article / 2 months ago
Argo Group readies for merger, reports Q3 net loss of $49.5m - Royal Gazette
Bermudian-based Argo Group International Holdings Ltd has reported a third-quarter net loss attributable to common shareholders of $49.5 million....
Bermudian-based Argo Group International Holdings Ltd has reported a third-quarter net loss attributable to common shareholders of $49.5 million....
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Article / 5 months ago
Insurer in Full: The penny finally drops for R&Q shareholders – and with it millions in lost equity
The debt-riddled, loss-making R&Q Group finally sold its program arm Accredited late on Friday to Canadian private equity firm Onex Partners...
The debt-riddled, loss-making R&Q Group finally sold its program arm Accredited late on Friday to Canadian private equity firm Onex Partners...
Article / 5 months ago
R&Q shares down 31% as Accredited sale details show further legacy losses expected
R&Q's share price tumbled 31% by lunchtime on Monday, after the firm announced its planned sale of Accredited late on Friday night....
R&Q's share price tumbled 31% by lunchtime on Monday, after the firm announced its planned sale of Accredited late on Friday night....
Article / 5 months ago
Truist CEO Rogers silent on insurance sale but says bank now has ‘strategic' flexibility
Following the minority-stake sale of Truist Insurance to Stone Point earlier this year, Truist now has “financial and strategic flexibility” to...
Following the minority-stake sale of Truist Insurance to Stone Point earlier this year, Truist now has “financial and strategic flexibility” to...
Article / 5 months ago