“While other market participants continued business as usual, we took a different path,” said Jim Belardi, co-founder and CEO, during a recent investor call. “With the presence of market volatility, we made the strategic decision to accelerate new business volumes, which resulted in $26 billion of gross inflows.”
Active acquisition drivers Among the most active buyers over the past four quarters, BroadStreet Partners led with 81 transactions, exceeding its five-year average of 58. Hub International followed with 61 deals, slightly below its five-year average of 65, while Inszone Insurance Services recorded 44 deals, above its average of 32. Source link
At the end of the quarter, Brighthouse reported common stockholders’ equity, or book value of $3.5 billion, or $61.17 per common share. Excluding accumulated other comprehensive income (AOCI), the company’s book value stood at $8.2 billion, or $141.87 per share. Source link
Headquartered in Richmond, Virginia, the Hilb Group is a national insurance brokerage and advisory firm offering property and casualty, as well as employee benefits services. It is a portfolio company of The Carlyle Group, a global investment firm. Hilb Group’s strategy combines organic growth with acquisition activity, supported by centralized resources across its expanding national…
Pre-tax catastrophe and weather-related losses, net of reinsurance, totalled US$49 million, or 3.7 points on the combined ratio. Of that, US$32 million, or 2.4 points, was attributed to the California wildfires. The remaining losses were related to other weather-related events. After-tax, catastrophe and weather-related losses totalled US$38 million. Source link
“The megatrends of trade, technology, weather, and workforce are creating unprecedented challenges for business leaders, who risk decision paralysis when urgent action is needed,” said Greg Case, CEO of Aon. “The interconnectedness of these trends means that leaders need access to integrated data and analytics, capabilities, and expertise to effectively respond to increasingly linked risk…
