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"By using a hub and spoke model, we will build an insurance broker focused on middle-market revenue with an intent to provide agencies that we acquire with greater access to capital, accelerate growth

"By using a hub and spoke model, we will build an insurance broker focused on middle-market revenue with an intent to provide agencies that we acquire with greater access to capital, accelerate growth

The holding company for the Crump wholesale insurance brokerage does not merit an "A" financial rating until it proves it can successfully put the parts of its prospective merger together, a rating ag

Since 1986, Mr. Nerlino has held various positions at American Express Company. He served as senior vice president and chief financial officer, American Express International & Global Corporate Servic

The prominence of the investors involved (Goldman Sachs and Morgan Stanley) and the aggressiveness of the multiples of historical EBITDA they paid (earnings before interest, taxes, depreciation and

Bank of America's announcement that it plans to explore "strategic alternatives" for its brokerage business could be another opportunity for private equity funds to step into the insurance business, a

Hub reported net income in the first quarter increased 46 percent, or $7.8 million, to $24.8 million from the same period last year. Earnings per share rose 14 cents to 60 cents a share. Revenues incr

The level of merger and acquisition activity within the insurance distribution system has been active for years. Up until recently, the volume of activity has been driven by financial institutions,