M&A

GRP global CEO Mike Bruce will continue to lead the firm and will report to Brown & Brown president of retail segment Barrett Brown.

The group’s MGA platform Millennial Specialty has also entered a programme administrator agreement with a QBE affiliate.

The deal marks the latest step in Gilinski’s hostile takeover of one of the largest carriers in Latin America.

The US retailer looks set to secure the UK consolidator after fending off private equity house TA Associates.

The UK insurance Number 1 could take over Covea’s ~£725mn GI operation.

The deal follows Acrisure’s recent purchase of Brazil's It’sSeg and adds another European market to its operations.

The HGGC-backed consolidator has made its first company acquisition of 2022.

Succession Wealth has completed 60 acquisitions of its own to date and manages £9.5bn of assets.

Assiteca is the second Italy-based broker purchased by Howden since the turn of the year following the acquisition of specialist insurance broker and risk consultancy Tower.

The deal forms the latest step in the family-owned brokers build-out in Latin America that elsewhere has been driven by hiring.

The transaction will see Catlin redomiciled in Oklahoma, moving it from Delaware, to make use of the Oklahoma Insurance Business Transfer Act.

The deal allows MS Amlin to carve out the P&C portfolio for 2019 and prior years in an industry first.