Welcome to our dedicated page for The Baldwin Insurance Group news (Ticker: BRP), a resource for investors and traders seeking the latest updates and insights on The Baldwin Insurance Group stock.
The Baldwin Insurance Group, Inc. (BRP) provides strategic insurance solutions through its network of specialized companies. This news hub delivers official updates and market insights for stakeholders tracking BRP's industry leadership in risk management and insurance distribution.
Access timely reports on corporate milestones including earnings announcements, strategic acquisitions, and technology partnerships that shape BRP's growth trajectory. Our curated collection features press releases spanning Medicare program developments, reinsurance innovations, and operational expansions across BRP's portfolio companies.
Monitor critical updates on capital allocation strategies, leadership appointments, and data-driven risk assessment initiatives that underscore BRP's market position. This resource serves investors and industry professionals seeking comprehensive coverage of BRP's insurance distribution ecosystem.
Bookmark this page for continuous access to verified information about BRP's market activities. Check regularly for updates reflecting the company's commitment to advancing insurance solutions through strategic investments and technological integration.
BRP Group has increased the capacity of its senior revolving credit facility from $475 million to $600 million. This expansion comes as BRP's subsidiary, Baldwin Risk Partners, LLC, aims to support its acquisition of Westwood Insurance Agency. The facility's maturity has been extended to April 1, 2027, with adjusted financial covenants to increase leverage to 7.0x EBITDA. The syndicate includes J.P. Morgan Securities LLC and new partners like Morgan Stanley and Raymond James Bank, indicating strong lender confidence in BRP's business growth.
BKS Partners, a subsidiary of BRP Group (NASDAQ: BRP), has entered into a strategic partnership with Positive Physicians Insurance Company to provide tailored Medical Professional Liability programs in Florida. This collaboration aims to enhance liability insurance options for physician groups, focusing on competitive pricing and effective risk management. Positive Physicians, known for its concierge approach to medical liability, is excited about this expansion into the Florida market. BKS Partners brings extensive expertise in medical liability solutions, aiming to address rising costs faced by healthcare providers.
BRP Group has announced the acquisition of Westwood Insurance Agency, marking its largest partnership to date with approximately
BRP Group reported exceptional financial results for the fourth quarter and full year 2021. Revenue soared 129% year-over-year to $159.2 million in Q4, with full-year revenue increasing 135% to $567.3 million. Organic revenue growth was 18% for Q4 and 22% for the year. Despite a GAAP net loss of $44.4 million in Q4, adjusted net income surged 118% to $11.7 million. The company completed six acquisitions in Q4, totaling a pre-acquisition revenue of $133.7 million. BRP Group retains strong liquidity with $138.3 million in cash and $440.0 million available under its credit facility.
BRP Group, Inc. (NASDAQ: BRP) has partnered with Nasdaq to release a Directors & Officers (D&O) Limits Benchmarking report, showcasing data from over 330 Nasdaq companies. The report reveals a 20% average premium increase for D&O liability coverage over the past year, with IPO companies facing premiums 3.2 times higher than non-IPO firms. Notably, less than 7% of companies reduced their limits despite rising rates, and nearly 87% secured A-Side coverage. This collaboration aims to provide companies with objective data on D&O insurance costs and limits.
BRP Group, Inc. (NASDAQ: BRP), an independent insurance distribution firm, announced participation in the Raymond James Institutional Investor Conference on March 8, 2022, at 1:05 PM Eastern Time. CEO Trevor Baldwin and CFO Brad Hale will engage in a fireside chat. Investors can access the live webcast through the investor relations section of the company’s website.
BRP Group offers tailored insurance solutions and represents over 700,000 clients in the U.S. and internationally, focusing on risk management and employee benefits.
BRP Group, Inc. (NASDAQ: BRP) has announced the promotion of Seth Cohen to General Counsel and Corporate Secretary, effective January 31, 2022. Cohen, who joined BRP Group in February 2020, will oversee the company's legal, compliance, and regulatory functions. CEO Trevor Baldwin highlighted Cohen's extensive experience and leadership skills as assets for the firm's growth. Previously, Cohen held senior legal positions at Savills North America and Cisco Systems. BRP Group is committed to delivering tailored insurance solutions and risk management insights to over 700,000 clients worldwide.
BRP Group, Inc. (NASDAQ: BRP) will announce its fourth quarter 2021 financial results on March 1, 2022, after market close. A conference call will follow at 5:00 PM ET, with dial-in options available for participants. Investors can also access a live webcast on BRP's investor relations website. The company offers tailored insurance solutions to over 700,000 clients in the U.S. and globally, focusing on innovation and risk management.
Performance Bonding Surety & Insurance Brokerage announces its integration into BRP Group, Inc. (NASDAQ: BRP), following a strategic acquisition that closed on December 1, 2021. This move expands BRP Group's offerings in bonding and commercial insurance, enhancing their service capabilities for clients including contractors and private equity firms. Leaders from both organizations express optimism about the partnership's potential to drive growth and provide enhanced resources for clients.
BRP Group, Inc. (NASDAQ: BRP) announced the appointment of four new members to its Board of Directors, effective January 1, 2022, expanding the board from seven to eleven members. The new members include Sunita Parasuraman, Ellyn J. Shook, Myron K. Williams, and Kristopher A. Wiebeck, who will serve on various committees including Audit, Compensation, Nominating, Corporate Governance, and Executive. CEO Trevor Baldwin emphasized the board's commitment to diversity and exceptional talent, crucial for the company's growth in the insurance consulting and distribution sector.
