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Gallagher completes $1.2 billion deal with Woodruff Sawyer
Gallagher stated that Woodruff Sawyer recorded estimated pro forma revenue of $268 million for the 12 months ending December 31, 2024. Its earnings before interest, taxes, depreciation, amortization, and coronavirus (EBITDAC), including anticipated synergies, were approximately $88 million. The transaction values the firm at around 4.5 times revenue and 13.6 times EBITDAC, aligning with recent…
Insurance hires at Starwind Specialty, NFP, BHSI, Falvey Insurance and Amwins
Starwind Specialty names executive senior underwriter Starwind Specialty Insurance Services, a CRC Group company, appointed Joe Jones as executive senior underwriter within Starwind Transportation. Jones, with over 20 years of experience in trucking and high-hazard insurance lines, previously managed a fleet underwriting team at a top trucking Insurtech firm. He will report to regional director…
Sierra Financial completes acquisition of PSLIC
Charles Ferdin, managing partner, emphasized the opportunity to deepen engagement with Latino families, a key customer base for the firm. “As a Latino, the ability to offer financial protection and security to the Latino family is critical – PSLIC’s life insurance platform combined with our unique distribution strategy perfectly complements the wide array of mortgage…
Mutual Capital Group completes acquisition of ICC Holdings
Established in 2009, MCG’s subsidiaries include Mutual Capital Analytics, Inc., Mutual Capital Investment Fund, LP, Mutual Capital Services, Inc., Tuscarora Wayne Insurance Company, Keystone National Insurance Company, Lebanon Valley Insurance Company, Glacier Auto Insurance Company, and Glacier Insurance Agency. Source link
Nevada bill seeks to create FAIR Plan for high-risk properties
There is also the Nevada Public Employees’ Benefits Program (PEBP), which manages and administers health and life insurance programs for qualified Nevada government employees. Established in 1963, it offers comprehensive medical, prescription drug, dental, vision, life, and long-term disability insurance. Source link
Nexus Underwriting introduces A&E liability coverage
The A&E liability space in the U.S. is served by a mix of major national carriers, managing general agents, and specialty insurers. Many providers offer tailored programs for firms of various sizes, often incorporating risk management resources and loss prevention services. Market demand for this coverage remains steady, driven by ongoing activity in commercial construction,…