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The broker made several senior energy hires from Marsh last year.
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Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown. -
The merger is set for April 2027, subject to regulatory approval.
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The shares will be purchased via the open market or private third-party transactions.
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From our other titles
From our other titles
From our other titles
From Insurance Insider US
Allianz seeks to double Americas premiums in five years: Williams
The global carrier plans to hire around 300 people in the next several years in the Americas and has already filled 60 roles thus far.
From Insurance Insider ILS
Mercury’s wildfire cat bond among upsizing July deals
Some $400mn of bonds priced in the past week, after a record-setting H1.
From Insurance Insider ILS
Members Capital launches first ILS fund to accept stablecoin
The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
From Insurance Insider ILS
Swiss Re’s nat cat premium volumes flat in renewals year to date
The reinsurer had $2.8bn of natural catastrophe business up for renewal in the year so far.
From Insurance Insider ILS
Conduit Re will ‘invite’ third-party investors as it expands ILS over time
The reinsurer has already dipped into the cat bond market with its Stabilitas Re retro deals.
From Insurance Insider ILS
Florida rates likely to remain stable through 2025: HCI CEO
With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
Insurance Insider US provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.