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Tampa CEO says insurance industry on verge of highest price hikes in decades

Trevor Baldwins says Tampa-based insurance firm BRP Group is up for the challenge.


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  • | 10:30 a.m. November 22, 2022
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Trevor Baldwin (File photo)
Trevor Baldwin (File photo)
  • Tampa Bay-Lakeland
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The CEO of Tampa-based insurance firm Baldwin Risk Partners hinted at a potentially difficult year ahead for the insurance industry on a recent earnings call, while at the same time assuring investors his company was up for the challenge.

Shares of Baldwin Risk Partners (NASDAQ: BRP), an insurance distribution company, traded for around $27 in mid-November, shortly after the company released its third quarter earnings and delivered an Investor Day presentation. That price point is down more than 30% over the past year, near the midpoint of its 52-week range, with a low of about $17 and a high above $40.

 


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