John Bruce (pictured), senior partner at Kennedys, attributed the growth to strategic decisions, including new office openings and leadership changes. He outlined the firm’s target to reach US$1 billion (£736.7 million) in global revenue by 2030, highlighting investments in personnel, processes, infrastructure, and innovation as part of this plan.
In 2023, the US P&C insurance sector recorded a net underwriting loss of $21.2 billion, a slight improvement from the previous year’s $24.9 billion loss. This period also saw the worst underwriting loss in a decade, primarily due to severe weather-related losses, persistent inflation, and rising reinsurance costs. Source link
Engle and Associates is a family-owned insurance brokerage that has operated for over 45 years, offering a broad portfolio of insurance products, including commercial, home, auto, life, and health coverage. Following the acquisition, the firm will continue operating under the leadership of owners Scott Engle and Jayne Engle Allen. Source link
