Revau expands with addition of two Texas MGAs

Revau has expanded with a woody to merge Texas-based managing wide agents (MGAs) Brazos Specialty Risk Insurance and Twenty Mile Insurance Services into its network.

Financial presumption of the currency and equity woody stay undisclosed.

The integration is said to heighten Revau's foothold successful the specialty security assemblage successful North America.

This marks the insurer's eighth transaction and the largest since its concern with concern steadfast Novacap successful 2020.

Brazos is simply a supplier of specialty trucking insurance, portion Twenty Mile offers liability solutions for the operation industry.

Revau's publication includes its data-analytics capabilities, superior basal and integer infrastructure, which are anticipated to streamline merchandise and work delivery.

By leveraging the underwriting expertise of Brazos and Twenty Mile with Revau's analytics platform, the combined radical aims to found an “end-to-end” information capability.

This level volition alteration the recognition of patterns successful risk, lawsuit behaviour and marketplace trends to facilitate decision-making.

Revau said that the enactment of the acquired entities, including Brazos president Tom Spitalny and Christopher Polk, Twenty Mile president and the CEO of some companies, volition stay with the combined group.

They, on with their teams, are already engaged successful integration efforts crossed assorted concern functions including underwriting, claims handling and technology.

The enactment teams from Brazos and Twenty Mile person go shareholders successful Revau.

Revau secured ineligible counsel from Fasken Martineau DuMoulin and Willkie Farr & Gallagher, with Howden Capital Markets & Advisory serving arsenic the fiscal advisor to Brazos and Twenty Mile.

Covington Burling offered ineligible proposal to Brazos and Twenty Mile.

Revau president and CEO Jean-François Raymond said: "This is an unthinkable milestone for Revau, marking our improvement from a tiny determination MGA with ambitious goals to an manufacture person expanding beyond Canada.

“We are thrilled to collaborate with specified an experienced and talented group, gathering a beardown concern exemplary that delivers worth for each stakeholders and sets the signifier for aboriginal success."

In 2023, Revau purchased the surety division from Canadian relation Echelon Insurance.

"Revau expands with summation of 2 Texas MGAs " was primitively created and published by Life Insurance International, a GlobalData owned brand.

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