Latest Insurance Brokerage News

AUB Group has approved EQT's partnership with CVC Asia Pacific to jointly pursue a $45 per share acquisition, extending exclusivity to December 4 as due diligence continues.

EQT has reaffirmed its intention to acquire AUB Group at $45 per share, extending its exclusivity period for due diligence by two weeks. While the proposal remains non-binding, this development keeps acquisition talks firmly on the table.

Steadfast Group has reported a robust 17.2% increase in underlying net profit after tax for FY25, alongside a 14% rise in its fully franked final dividend, underpinned by both organic growth and strategic acquisitions.

AUB Group Limited has upgraded its FY25 underlying net profit guidance to the upper end of its previously announced range, buoyed by favourable trading conditions and strategic FX hedging.