BRP Group, Inc. Announces Launch of Reinsurance Broking Platform, Juniper Re, LLC
October 17 2023 - 9:00AM
Business Wire
BRP Group, Inc. ("BRP Group” or the “Company”) (NASDAQ: BRP)
announced today the launch of a new reinsurance broking platform -
Juniper Re, LLC (“Juniper Re”) - to expand the Company’s breadth of
capabilities and capitalize on a unique market opportunity.
“Given the demanding (re)insurance market landscape and changing
risk profiles, many of our clients and other stakeholders in the
marketplace are looking for a diverse portfolio of solutions for
their evolving needs,” said Trevor Baldwin, Chief Executive Officer
of BRP Group. “As BRP Group looks to bolster our ability to deliver
holistic, innovative solutions to our clients and trading partners,
we are confident that this is an ideal time to enter this growing
segment. Juniper Re represents a natural complement to our retail
brokerage business which rounds out our capabilities as a
full-service broker in a manner we expect will contribute to BRP
Group’s growth over time.”
To lead Juniper Re, BRP Group has tapped reinsurance broking
veteran Jeff Irvan, who brings with him more than 25 years of
global reinsurance broking experience.
“BRP Group is an ideal organization in which to incubate a
dynamic reinsurance broking platform given the Company’s
exceptional track record of performance, established suite of
resources and unique culture and values, including its distinction
as one of Fortune Magazine’s Best Workplaces in Financial Services
and Insurance,” said Jeff Irvan, President of Juniper Re.
“Similarly, we intend for Juniper Re to be a home for the
industry’s most talented reinsurance professionals who desire to
work at a modern broker rooted in best-in-class technology, with an
entrepreneurial workplace and a relentless focus on client service
and innovation.”
ABOUT BRP GROUP
BRP Group, Inc. (NASDAQ: BRP) is an independent insurance
distribution firm delivering tailored insurance and risk management
insights and solutions that give our Clients the peace of mind to
pursue their purpose, passion and dreams. We are innovating the
industry by taking a holistic and tailored approach to risk
management and insurance, and employee benefits, and support our
Clients, Colleagues, Insurance Company Partners and communities
through the deployment of vanguard resources and capital to drive
our growth. BRP Group represents over 2.0 million clients across
the United States and internationally. For more information, please
visit www.baldwinriskpartners.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain various “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, which represent BRP Group’s expectations or
beliefs concerning future events. Forward-looking statements are
statements other than historical facts and may include statements
that address future operating, financial or business performance or
BRP Group’s strategies or expectations. In some cases, you can
identify these statements by forward-looking words such as “may”,
“might”, “will”, “should”, “expects”, “plans”, “anticipates”,
“believes”, “estimates”, “predicts”, “projects”, “potential”,
“outlook” or “continue”, or the negative of these terms or other
comparable terminology. Forward-looking statements are based on
management’s current expectations and beliefs and involve
significant risks and uncertainties that could cause actual
results, developments and business decisions to differ materially
from those contemplated by these statements.
Factors that could cause actual results or performance to differ
from the expectations expressed or implied in such forward-looking
statements include, but are not limited to, those described under
the caption “Risk Factors” in BRP Group’s Annual Report on Form
10-K for the year ended December 31, 2022 and in BRP Group’s other
filings with the SEC, which are available free of charge on the
SEC’s website at: www.sec.gov, including those risks and other
factors relevant to the business, financial condition and results
of operations of BRP Group. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated.
All forward-looking statements and all subsequent written and oral
forward-looking statements attributable to BRP Group or to persons
acting on behalf of BRP Group are expressly qualified in their
entirety by reference to these risks and uncertainties. You should
not place undue reliance on forward-looking statements.
Forward-looking statements speak only as of the date they are made,
and BRP Group does not undertake any obligation to update them in
light of new information, future developments or otherwise, except
as may be required under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231017593952/en/
BRP MEDIA RELATIONS Anna Rozenich, Senior Director,
Enterprise Communications Baldwin Risk Partners 630.561.5907 |
anna.rozenich@baldwinriskpartners.com
BRP INVESTOR RELATIONS Bonnie Bishop, Executive Director,
Investor Relations Baldwin Risk Partners 813.259.8032 |
IR@baldwinriskpartners.com
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