Brokers

The Big Four warned of an uncertain, complex outlook for 2025 and the 1 January renewals.

The two parties are targeting a launch by the end of the year, with scope for WTW to buy the start-up at maturity.

Renewals will depend on clients’ ability to differentiate themselves from broad-brush trends.

This publication reported Melvin’s hire on Wednesday.

The reported RoE stabilised at 19.6%.

Sources said that the business will be marketed off adjusted Ebitda of ~$500mn, including a title broking asset.

In its first six weeks, Taurus has brokered more than £100mn of UK real estate.

The festival will host more than 130 events across 48 countries to promote D&I.

The July downtime will increase relevance, demand and innovation for the market.

Quintes' revenues for 2025 are projected in the $110mn-$120mn range.

Plus the latest people moves and all the top news of the week.

Current head of marine hull Helen Costin is set to retire from the business.

Q2 was the ninth consecutive quarter of year-over-year price decreases.

The judge relied heavily on a previous UK court decision.

Quintes will continue to be led by Gijsbert van de Nieuwegiessen, CEO and founder.

Sources pegged the cost of the deal at £450mn+.

US-listed brokers and carriers have generally continued to produce strong growth even in a transitioning market.

The broker previously indicated it has ambitions to hit £750mn in revenues by 2028.

Earnings per share were up 10%, while the margin expanded by 1.3 points.

The US property catastrophe broker is esteemed among peers.

Accounts with poor performance records are expected to see flat to 20% rate increases for cat coverage, according to Floridian broker Brown & Brown’s Q3 Market Trends report.

Steadfast, AUB and BMS have joined the top 20.

Paul Davies has been with the broker for more than 36 years.

The broker said another strong year would drive pressure for “reasonably significant rate reductions” next year.