Insurance Brokers
Case studies in insurance brokers.
Abacus Global Management: Funding the Next Phase of Growth
On September 25, Abacus Global Management announced a dual-tranche, investment-grade-rated securitization of life insurance policies valued at more than $400 million. The announced value includes Class A and B notes and a residual interest. The release did not state cash proceeds, note principal by class, coupons, advance rate, or the value and risk of the retained interest. Read case
Aon and Willis Towers Watson — The Value of Scale
On 9 March 2020, Aon plc and Willis Towers Watson (WTW) announced a definitive agreement to combine in an all-stock transaction. WTW shareholders would receive 1.08 shares of the new Aon for each WTW share, a stated 16.2% premium to WTW's closing price on 6 March. Read case
Arthur J. Gallagher & Co.: Integrating AssuredPartners
By September 2026, Arthur J. Gallagher & Co. (Gallagher) was still integrating AssuredPartners (AP), the large brokerage business it acquired in 2025. The company had also announced smaller acquisitions with different public descriptions of team location and leadership. Read case
Brown & Brown — Choosing the First AI Workflows to Scale
On 23 July 2026, Brown & Brown announced that it was moving toward an AI-first enterprise. Its plan included deploying Anthropic’s Claude across approximately 23,000 teammates, working with Anthropic, McKinsey and Accenture, and establishing a value management office (VMO) to monitor adoption, impact, return on investment and controls. Read case
Erie Indemnity: Setting the Next Management Fee
Erie Indemnity Company occupies an unusual position in the insurance business. It is a publicly traded stock company and attorney-in-fact for the subscribers of Erie Insurance Exchange. The Exchange writes insurance and is Indemnity’s sole customer. Read case
Marsh: One Platform, Four Kinds of Expertise?
In October 2025, Marsh McLennan announced a new Business and Client Services unit (BCS) to centralize investments in operational excellence, data, artificial intelligence, and analytics. The company also began a brand transition that took effect in January 2026. A hypothetical leadership team is now preparing its next cycle of operating priorities. Read case
WTW — Where Should the TRANZACT Proceeds Go?
Willis Towers Watson plc (WTW) had agreed to sell TRANZACT, its direct-to-consumer insurance distribution business. The definitive agreement was dated 30 September 2024; the 1 October announcement stated gross consideration of $632.4 million, subject to adjustments, and expected a close by year-end pending regulatory and customary conditions. Read case