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OPTIS: Insurance Agency M&A Down 18% in Q1 2024

1 day 15 hours ago
The first quarter of 2024 was the slowest for insurance agency mergers and acquisitions since the middle of the pandemic, according to investment banking and financial firm OPTIS Partners. OPTIS Partners’ M&A database counted 155 announced insurance agency mergers and …

W.R. Berkley Reports 50.4% Increase in Q1 Net Income

1 day 15 hours ago
First quarter net income at W.R. Berkley Corp. increased about 50% compared to the same period the prior year to about $442.5 million on pretax underwriting income growth of 31.8% to $309 million. The Greenwich, Connecticut-based commercial insurer started 2024 …

Republicans Weigh Rolling Back Anti-ESG Law They Passed

1 day 20 hours ago
Lawmakers in Oklahoma are having second thoughts about anti-ESG legislation that limits which Wall Street banks local governments can do business with. A Republican-introduced bill that would narrow the scope of a state law that blacklisted financial firms for their …

Chubb to Acquire MGA Healthy Paws From Aon

1 day 23 hours ago
Chubb said it is acquiring managing general agent Healthy Paws from Aon plc. Whitehouse Station, New Jersey-based Chubb has been the exclusive underwriter of Healthy Paws’ pet insurance program for Aon since 2013. Terms of the deal, expected to close …