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

BRP Group has announced its acquisition of TCG Financial Holding Company, enhancing its presence in the D.C. Metro area. This partnership adds $12.1 million in revenue and brings BRP Group’s total revenue from 2021 partnerships to $69 million. The Capital Group has shown a strong growth trajectory with 19% year-over-year revenue growth in 2020. The acquisition is expected to close by August 1, 2021 and aims to bolster employee benefits, wealth advisory, and retirement plan consulting services.

BRP Group announced its acquisition of Founder Shield, a digital insurance platform, on July 23, 2021. This strategic partnership is expected to add approximately $9.8 million in annual revenue to BRP Group, increasing its total from 2021 partnerships to $57 million. Founder Shield, with a year-to-date revenue growth of 53%, enhances BRP Group's capabilities in high-growth industries such as Technology and Life Sciences. The acquisition is set to close around August 1, 2021, and will strengthen BRP Group's technological offerings and operational efficiency.

BRP Group, Inc. (NASDAQ: BRP) announced the release of its second quarter 2021 financial results scheduled for August 9, 2021, after market close. The company will host a conference call to discuss these results at 5:00 PM ET on the same day. Investors can join by dialing (877) 451-6152 for domestic or (201) 389-0879 for international participation, with a 10-minute pre-call requirement. A live webcast will also be available on BRP's investor relations website, with a replay accessible for one year post-call.

BRP Group, Inc. (NASDAQ: BRP) has completed the acquisition of RogersGray, Inc., Breakwater Brokerage, LLC, and Monomoy Insurance Group, LLC, through its subsidiaries BKS-Partners and MSI. The deal is part of BRP Group's strategy to expand its operations. As part of this, the Company will issue 79,162 restricted shares to 211 new employees, set to vest fully after three years, which will lower the upfront cash payment to RogersGray. This initiative aims to motivate employees and enhance performance.

BRP Group, Inc. (NASDAQ: BRP), an independent insurance distribution firm, announced that Kris Wiebeck, Chief Strategy Officer, will participate in a panel discussion at the BofA Securities InsurTech Conference on June 30, 2021, at 12:35 PM Eastern Time. The topic of the discussion is 'The Future of Insurance Distribution.' Interested parties can access a live webcast through the investor relations section of the Company's website, with a replay available afterward. BRP represents over 600,000 clients, providing tailored insurance solutions and risk management insights.

BRP Group has appointed Naimish Patel as President of its newly formed Homeowners Insurance Group within Millennial Specialty Insurance. Effective June 7, 2021, Patel will lead a team focused on developing tech-driven homeowners MGA solutions across the U.S. With over 20 years of experience, including roles at notable companies such as AIG and Liberty Mutual, Patel aims to innovate the homeowners insurance sector. CEO Trevor Baldwin highlights Patel's industry relationships and expertise, supporting BRP Group's goal of enhancing the customer experience in insurance.

BRP Group (NASDAQ: BRP) announced a collaboration with Nasdaq to provide tailored D&O Liability Insurance programs for companies listed on the Nasdaq Stock Market via its subsidiary, AHT Insurance. This partnership aims to address the increasing costs of D&O insurance, particularly for IPOs and SPACs. Trevor Baldwin, BRP Group's CEO, expressed enthusiasm for the collaboration, highlighting the company's expertise in meeting the needs of high-growth companies.

AHT Insurance specializes in property and casualty, employee benefits, and has created innovative insurance solutions for Nasdaq-listed firms.

BRP Group has announced a strategic acquisition of RogersGray, enhancing its presence in New England's insurance market. With an annual revenue of approximately $38.8 million, this partnership is BRP's largest in 2021, contributing to a total of $47 million from partnerships this year. The acquisition is set to close on July 1, 2021, and will strengthen BRP's offerings in commercial lines, personal lines, and employee benefits. The deal marks a continued trend of growth for BRP Group, which reported a 19% revenue increase year-over-year in 2020.

BRP Group, Inc. (NASDAQ: BRP) has announced that its subsidiary, Baldwin Risk Partners, LLC, priced a new $500 million senior secured first lien term loan facility, marking a $100 million increase over its existing loan. The New Term Loan B, set to close around June 2, 2021, offers a lower interest rate at LIBOR plus 350 bps, improving operating capital costs. Funds will be used to refinance existing debt and for corporate purposes, which include acquisitions. This execution highlights the company's strong business performance and growth potential.