January 22, 2025
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The decision follows a string of recent moves – including M&A and new entrants – that have changed the TL vertical. -
This publication exclusively revealed the $1bn deal last November.
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The US CEO said the acquisition will be “truly transformative” for its TL clients.
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Atlantic’s founders are to become Howden shareholders.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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Insurance Insider US reviews Euclid’s process and recent events in US MGA and retail broking.
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The broker said R&W rates rose to 2.8% in Q2 vs 2.5% in Q1.
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Longbrook Insurance will write multiple lines of business.
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It is understood that the MGA wants to start with renewable energy and transactional liability.
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Bonnet has spent more than four years at WTW in increasingly senior roles.
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The company is looking to grow through its new MGA incubator program.
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Other MGAs in the transactional-liability class are also expanding into the US.
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