The Baldwin Insurance Group, Inc. Stock Price, News & Analysis

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.

BRP Group (NASDAQ: BRP) announced the addition of four new members to its Board of Directors, effective January 1, 2022. This expansion increases the board from seven to eleven members, comprising Sunita Parasuraman, Ellyn J. Shook, Myron K. Williams, and Kristopher A. Wiebeck. Each brings diverse expertise, contributing to various committees within the board. Chairman Lowry Baldwin emphasized their unique experiences and insights as vital for the company's growth and strategic direction in the insurance and risk management sector.

BRP Group, Inc. (NASDAQ: BRP) announced that its subsidiary, Baldwin Risk Partners, LLC, has priced a $350 million senior secured first lien incremental term loan facility. This increases the total principal amount of its existing loan from $500 million to $850 million, maturing in 2027. The new loan will incur interest at LIBOR plus 350 basis points, with a LIBOR floor of 50 basis points. Proceeds will be used to repay revolving credit loans and for general corporate purposes, including acquisitions. The loan is expected to close around December 16, 2021.

BRP Group has acquired the assets of Arcana Insurance Services, enhancing its real estate investor programs and contributing approximately $3.6 million in annual revenue. This strategic move is expected to expand BRP's capabilities in the growing single-family rental market, building on Arcana's strong growth record, which includes a year-to-date revenue increase of 29% in 2021. With this acquisition, BRP's total revenue from announced partnerships in 2021 rises to $204 million.

BRP Group, Inc. (NASDAQ: BRP) announces the launch of a new management liability insurance program through its subsidiary, AlphaRoot, catering specifically to the cannabis, hemp, and CBD industries. This program addresses the high costs and restrictive coverage commonly faced by private cannabis operators. Key features include up to $5M in Directors & Officers Insurance, $1M for Employment Practices and Fiduciary Liability Insurance, and tailored policy options. This initiative aims to support the industry's expansion amidst ongoing state legalization efforts.