Key Highlights
- Vidhya Edwards Munnangi Mon, January 5, 2026 at 5:19 PM GMT+5:30 1 min read The Baldwin Group, a US-based independent insurance brokerage, has concluded its merger with middle-market insurance brokerage CAC Group for an upfront consideration of $1.03bn.
- The deal was announced in December 2025.
- CAC Group comprises several divisions: CAC Specialty, which focuses on specialised insurance brokerage; CAC Agency, offering property and casualty, personal lines and employee benefits services; and CAC Capital, a structured solutions unit involved in insurance and capital markets.
- The deal is expected to be accretive to Baldwin’s 2025 adjusted earnings per share (EPS) by more than 20%, based on projected full run-rate synergies and excluding one-off integration and transaction costs.
- At the time of the deal’s announcement, the company projected that net leverage will remain “neutral” at closing and that it intends to pursue accelerated deleveraging through 2028.
