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Brown & Brown, Inc. names Chief Operating Officer Steve Hearn president of Retail segment
Globenewswire· 2025-10-20 10:30
Core Insights - Brown & Brown, Inc. has appointed Steve Hearn as president of the Retail segment while he continues as chief operating officer, a strategic move aimed at ensuring business continuity during a significant growth phase [1][2] Leadership and Strategy - Steve Hearn is recognized for his 35-year industry experience and is expected to drive excellence, scale, and maintain a market-leading position for the retail business, facilitating U.S. and international growth [2][3] - Hearn will work with an enhanced Retail senior leadership team to expand and optimize the global Retail platform, focusing on delivering innovative solutions and enhancing capabilities for customers and stakeholders [3] Operational Focus - Hearn will split his time between the UK and the U.S., with plans for a full relocation to Daytona Beach, Florida, pending work visa approvals, to support global Retail operations [4] - The previous president of the Retail segment, Barrett Brown, is currently on a personal leave of absence [4] Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm with over 700 locations and a workforce of more than 23,000 professionals, dedicated to providing customized insurance solutions since 1939 [5]
Supporting Financial Wellbeing is Critical to Recruitment and Retention
Prnewswire· 2025-10-15 13:00
Financial Wellbeing as a Strategic Imperative Financial wellbeing has become a top priority for employees navigating rising economic pressures. Nearly half of employers (47%) report an increased focus on financial wellbeing this year, second only to emotional wellbeing (56%). This shift has led to a two-point increase in the number of employers offering at least one financial wellbeing initiative. Accessibility StatementSkip Navigation ROLLING MEADOWS, Ill., Oct. 15, 2025 /PRNewswire/ -- Amid inflation, esc ...
Abacus Global Management CEO details AccuQuote acquisition - ICYMI
Proactiveinvestors NA· 2025-10-10 19:22
Core Viewpoint - Abacus Global Management has acquired AccuQuote, a US-based insurance brokerage, to enhance its growth strategy and support clients throughout the full life cycle of their insurance needs [1][3]. Company Overview - AccuQuote has nearly 40 years of experience in the insurance brokerage industry, helping clients understand and purchase life insurance policies [1][3]. - The acquisition allows Abacus to provide solutions for clients who may not qualify to sell their policies, thus capturing a broader market [3][4]. Strategic Alignment - The acquisition aligns with Abacus's strategy to transition into personal wealth management and asset management, creating opportunities for shareholders and new investors [6]. - Abacus aims to integrate AccuQuote's technology-driven instant quote platform to enhance client services on both the protection and asset management fronts [5][6]. Market Potential - There is a significant market opportunity for clients to understand their life insurance policies as assets, which can lead to better financial planning [4]. - The insurance industry is moving towards comprehensive client care, providing various options from the beginning to the end of the insurance lifecycle [4].
SLQT DEADLINE TODAY: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages SelectQuote, Inc. Investors to Secure Counsel Before Important October 10 Deadline in Securities Class Action – SLQT
Globenewswire· 2025-10-10 14:45
NEW YORK, Oct. 10, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of SelectQuote, Inc. (NYSE: SLQT) between September 9, 2020 and May 1, 2025, both dates inclusive (the “Class Period”), of the important October 10, 2025 lead plaintiff deadline. SO WHAT: If you purchased SelectQuote securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...
SELECTQUOTE FINAL DEADLINE REMINDER: Bragar Eagel & Squire, P.C. Urges SelectQuote Investors to Contact the Firm Before the October 10th Deadline Regarding Class Action Lawsuit
Globenewswire· 2025-10-10 14:35
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In SelectQuote (SLQT) To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in SelectQuote between September 9, 2020 and May 1, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Oct. 10, 2025 (GLOBE NEWSWIRE) -- What’s Happen ...
Abacus Global Management acquires online life insurance brokerage AccuQuote
Proactiveinvestors NA· 2025-10-06 13:58
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
SELECTQUOTE (SLQT) DEADLINE REMINDER: Bragar Eagel & Squire, P.C. Reminds SelectQuote of the October 10th Deadline and Urges Investors to Contact the Firm
Globenewswire· 2025-10-03 15:22
Core Viewpoint - A class action lawsuit has been filed against SelectQuote, Inc. for allegedly receiving illegal kickbacks from health insurance companies and misleading investors about its business practices [6]. Allegation Details - The U.S. Department of Justice filed a complaint against SelectQuote, alleging that from 2016 to at least 2021, the company received "tens of millions of dollars" in illegal kickbacks for steering Medicare beneficiaries to specific insurance plans [6]. - The lawsuit claims that SelectQuote made materially false statements and failed to disclose adverse facts about its operations, including directing beneficiaries to plans that compensated the company the most, rather than providing unbiased comparisons [6]. Stock Impact - Following the DOJ's announcement, SelectQuote's stock price dropped by $0.61, or 19.2%, closing at $2.56 per share on May 1, 2025, with unusually high trading volume [6]. Legal Process - Investors who purchased SelectQuote securities between September 9, 2020, and May 1, 2025, have until October 10, 2025, to apply to be appointed as lead plaintiff in the lawsuit [6].
Brown & Brown announces key leadership appointments in Retail segment
Globenewswire· 2025-10-02 11:30
Core Insights - Brown & Brown has announced strategic updates to its Retail segment leadership team, emphasizing its commitment to delivering world-class solutions and enhancing collaboration globally [1][2]. Leadership Appointments - The company is integrating new leaders into its Retail segment as Retail Senior Leaders (RSLs) and Retail Vice Presidents (RVPs) to drive growth and collaboration following the acquisition of Risk Strategies [2][4]. - Mark Manzi has been appointed as the North American Retail Brokerage Leader, responsible for overseeing carrier relationships across various lines including Property & Casualty, Employee Benefits, and Personal Lines [5]. Leadership Statements - John Mina, senior vice president of the Retail segment, highlighted the exceptional talent and proven track record of the new leaders, stating that their collective experience will enhance customer service and unlock growth opportunities [6]. - Barrett Brown, executive vice president and president of the Retail segment, described the appointments as a pivotal moment for the Retail segment, aimed at strengthening the foundation for scalable growth and enhancing collaboration [6]. Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm with a global presence in over 700 locations and a workforce of more than 23,000 professionals, dedicated to delivering innovative strategies for customers [7].
Scaling Heights, Carrying Weight: AON's Growth Has a Heavy Backpack
ZACKS· 2025-10-01 14:16
Core Insights - Aon plc is positioned for sustained growth through new business wins, strategic acquisitions, operational efficiency, organic expansion, and shareholder-friendly initiatives [1] Strategic Acquisitions & Broader Reach - Aon is enhancing its capabilities and global presence through acquisitions like NFP and Griffiths & Armour, and partnerships with Cover Whale and Binary Defense, which improve regional presence and product offerings [3] - The company anticipates mid-single-digit or greater organic revenue growth [3] Operational Efficiency - Aon has achieved consistent earnings growth through disciplined cost control and effective execution, with the Aon United Restructuring program expected to unlock $350 million in annual savings by 2026 [4] - Management projects an adjusted operating margin expansion of 80–90 basis points for 2025 [4] Growing Health Solutions Numbers - The Health Solutions segment is experiencing strong demand, with revenues increasing by 9.4% in 2023, 37.1% in 2024, and 28.3% in the first half of 2025 [5] - Continued demand for executive benefits and pharmacy offerings is expected to drive further growth [5] Shareholder-Friendly Moves - Aon has returned significant value to shareholders through buybacks and dividends, repurchasing $1 billion in 2024 and an additional $500 million in the first half of 2025, with $1.8 billion remaining under its current authorization [6] - The company distributed $161 million in dividends in Q2 2025 and forecasts double-digit free cash flow growth for 2025 [6] AON's Earnings Surprise History - Aon's earnings have exceeded the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 3% [7] Challenges to Monitor - Aon's long-term debt was $15.5 billion at the end of Q2, with cash and equivalents dropping to $1 billion, resulting in a debt-to-capital ratio of 66%, significantly above the industry average of 49.7% [8] - Rising interest expenses increased by 19.2% in 2023 and surged 62.8% to $788 million in 2024, with a further increase of 18.6% year-over-year to $418 million in the first half of 2025 [8][10]
Brown & Brown, Inc. announces 2025 third-quarter earnings release and conference call dates
Globenewswire· 2025-10-01 10:45
Core Points - Brown & Brown, Inc. will release its 2025 third-quarter earnings on October 27, 2025, after market close [1] - An investor update conference call will be held on October 28, 2025, at 8:00 a.m. EDT, hosted by the president and CEO, J. Powell Brown, and the executive vice president and CFO, R. Andrew Watts [1] - The conference call will be available for live listening on the company's website and will be archived for 14 days [1] Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm established in 1939, providing comprehensive and customized insurance solutions [2] - The company operates over 700 locations globally and employs more than 23,000 professionals [2] - Brown & Brown is committed to delivering scalable and innovative strategies for its customers throughout their growth journey [2]