Latest news with #BrownBrown
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Brown & Brown Enters $9.83 Billion Deal for Accession Risk Management
Brown & Brown has agreed to acquire Accession Risk Management Group in a cash-and-stock deal worth $9.83 billion, expanding its footprint in insurance distribution and risk specialty. The Daytona Beach, Fla., insurance brokerage said Tuesday that it will pay $8.1 billion in cash and about $1.3 billion in stock priced at $110.57 a share, Brown & Brown's closing price on June 6, for Accession holding company RSC Topco.
CTV News
3 days ago
- Business
- CTV News
Brown & Brown signs US$9.8 billion deal for rival broker Accession Risk
Insurance broker Brown & Brown will buy Risk Strategies parent and rival Accession Risk Management in a US$9.83 billion deal, the companies announced on Tuesday, bolstering its capabilities in property and casualty and employee benefits. The deal adds to a handful of mega transactions in the highly fragmented insurance broker industry in recent years, as top firms look to increase scale and boost their competitive position. Last year, Aon acquired NFP for $13 billion, while Marsh McLennan bought McGriff Insurance Services for $7.75 billion. Arthur J. Gallagher's $13.45 billion deal for AssuredPartners is expected to close later this year. Shares of Brown & Brown were down 4.5% in premarket trading. Risk Strategies was founded in 1997 by insurance industry veteran Mike Christian. Boston, Massachusetts-based Accession was formed in 2023 to house Risk Strategies and insurance wholesaler One80 Intermediaries. In 2024, Accession posted pro forma revenue of $1.7 billion and placed $15.7 billion in premiums. The group has more than 5,000 insurance professionals throughout the U.S. and Canada. The deal, anticipated to close in the third quarter of 2025, is estimated to boost Brown & Brown's 2024 adjusted profit per share by mid-teens. The Florida-based company will combine its programs and wholesale brokerage segments into a new specialty distribution segment. BofA Securities, J.P. Morgan Securities and Skadden, Arps, Slate, Meagher & Flom advised Brown & Brown on the transaction. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)
Reuters
3 days ago
- Business
- Reuters
Brown & Brown signs $9.8 billion deal for rival broker Accession Risk
June 10 (Reuters) - Insurance broker Brown & Brown (BRO.N), opens new tab will buy Risk Strategies parent Accession Risk Management in a $9.83 billion deal, the companies announced on Tuesday. The deal adds to a handful of mega transactions in the highly fragmented insurance broker industry in recent years, as top firms look to increase scale and boost their competitive position. It is expected to close in the third quarter of 2025.
Economic Times
23-04-2025
- Entertainment
- Economic Times
Numerology Horoscope Today, 24th April 2025: Daily Predictions – A Day for Deep Insights, Renewal, and Empowered Choices
ET Online Daily Numerology Horoscope, 24th April 2025:April 24, 2025, is a day that seeks to act prudently and with inward awareness. It's not about rushing forward or trying to impose things on others; it's about planting seeds intelligently and allowing things to develop spontaneously. Led by sacred numerological knowledge and polished by find out what the day holds for your birth number and how you can navigate through it with elegance, mindfulness, and balanced strength. Number 1 (Born on 1st, 10th, 19th, 28th) You will see the fruit of your persistence but do not jump on new projects without serious your workplace, your hard work will garner new customers or supporters, but scrutinize each one thoroughly. Mentally, maintaining a well-balanced mind keeps excessive tension in the home at bay. Lucky Number: 5 5 Lucky Colour: Gold Gold Power Tip: Pause for a moment to reflect on your progress rather than leaping into the next big thing. Reflection will sharpen your intuition today. Number 2 (Born on 2nd, 11th, 20th, 29th) For Number 2 natives, emotional clarity is paramount today. You may feel particularly sensitive, but do not allow outside problems to destabilize you. Focus on building your interpersonal relationships and providing listening ears to individuals who come to you. In the workplace today, planning is better than doing. Lucky Number: 2 2 Luc ky Colour: Light Blue Light Blue Power Tip: Practice gratitude for a few minutes. Appreciating little things will lift your energy and mood immediately. Number 3 (Born on 3rd, 12th, 21st, 30th)Creativity is going haywire these days! But don't forget, everything you come up with don't have to be acted upon simultaneously. Focus your energy on activities that are really important. Socializing can be very enriching if you are yourself. Be cautious, however, with dispensing advice without being asked—might lead to minor misunderstandings. Lucky Number: 7 7 Lu cky Colour: Orange Orange Power Tip: Keep a pocket notebook handy. Write down ideas, impressions, and inklings that someday can become something great. Number 4 (4th, 13th, 22nd, 31st)It is a practical sort of day today that is more conducive to action than to dreaming. You are your own discipliner, and today that works to your benefit. Small economic gains are in sight, and near-home family issues even require your attention—be useful, though, don't be so obstinate. Flexibility is your own superpower hidden today. Lucky Number: 8 8 Lucky Colour: Brown Brown Power Tip: Today, take a risk and veer off slightly from the safe path, as it will astonish you with the prize. Number 5 (Born on 5th, 14th, 23rd)The Universe is reminding you of equilibrium. Restless, pulled between duty and wanting to fly, you wonder if you have enough freedom to express yourself fully. Travel bookings or impromptu invitations might surface—act cautiously, as per long-term agenda. Relations grow stronger when you communicate with frankness. Lucky Number: 1 1 Lucky Colour: Red Red Power Tip: Ground yourself with present-moment awareness. Even the briefest space of five minutes of intentional breathing can stabilize your scattered energy. Number 6 (Born on 6th, 15th, 24th)The day is ruled by a combination of love, work and spirituality. You can be commanding others or giving advice that is profoundly affecting the life of an individual. Investment today after sound research can yield good returns. Relations go smooth when you remain open. Lucky Number: 6 6 Lucky Colour: Pink Pink Power Tip: Smile more often today. Number 7 (Born on 7th, 16th, 25th)A day of inner work lies ahead. You will perhaps be struggling with unresolved questions or spiritual discomfort. Rather than turn to the world for answers, search inward. Meditation, a walk in nature, or even solitary stillness will disclose to you that which you need to know. In money matters, spend not foolishly today. Lucky Number: 11 11 Lucky Colour: Grey Grey Power Tip: Sit quietly, even for 15 minutes. It will release profound clarity and inner peace. Number 8 (Born on 8th, 17th, 26th)Your confidence will rise and incite you to tackle huge responsibilities today. Your leadership skills are being examined, and you're ready for it. Individuals will seek your advice. Remain just, strong, and sympathetic. Decisions regarding finances made knowingly will yield results in the long run. Lucky Number: 4 4 Lucky Colour: Black Black Power Tip: Offload when necessary. Empowering others today will ease your burden and increase your influence. Number 9 (Born on 9th, 18th, 27th)Today urges you to direct your limitless energy into good. Good deeds not only bless others but form a karmic circle of blessings upon you. At work, refrain from arguments. Concentrate on outcomes instead of winning points. Creative and humanitarian pursuits flourish with today's energy. Lucky Number: 9 9 Fortune Color: Sky Blue Sky Blue Power Tip: Give without return. Your act of kindness today sows seeds for miracles in the future. ____________________________________________________________________________ This numerology horoscope has been curated by expert numerologists at For feedback, please write to hello@ Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
