Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Brown & Brown Inc. stock recently reached a 52-week low, hitting a price of 90.3 USD. This marks a significant point for the company, reflecting a challenging year in the market. Over the past 12 months, Brown & Brown has experienced a decline of 11.94% in its stock value. This downturn comes amid broader market fluctuations and sector-specific challenges that have impacted the company’s performance. Investors will be closely monitoring the situation to assess future prospects and potential recovery.
In other recent news, Brown & Brown, Inc. has made several significant announcements. The company completed its acquisition of Accession Risk Management Group from Kelso & Company for approximately $9.83 billion, marking one of the largest private equity exits in the insurance brokerage sector. Following this acquisition, Brown & Brown will reorganize its business segments, consolidating its Programs and Wholesale Brokerage segments into a new Specialty Distribution segment, effective July 1, 2025. This restructuring will result in the company reporting financial results under two segments: Retail and Specialty Distribution.
Additionally, Brown & Brown appointed Steve Hearn to lead its operations outside of North America, leveraging his extensive experience to enhance global business activities. The company also welcomed Joia M. Johnson, a former executive from Hanesbrands, to its board of directors. These developments reflect Brown & Brown’s strategic efforts to strengthen its international presence and governance.
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