Article ID: c0897edf49b748e29565aedd67dc3fecd50935f2d76d6309bacae71caee6320c
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URL: https://www.businessinsurance.com/baldwin-reports-cac-buy-integration-paying-off-in-q1/
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Baldwin reports CAC buy, integration paying off in Q1 - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Baldwin reports CAC buy, integration paying off in Q1 by Matthew Lerner Trevor Baldwin Agents and Brokers , Financial Results , Mergers and Acquisitions Baldwin Group May 4, 2026 Integration of The Baldwin Group’s acquisition of CAC Group is ahead of schedule and producing real contributions to the broker’s bottom line. The Baldwin Group last December agreed to purchase specialty and middle-market brokerage CAC Group for just over $1 billion. CAC generated new business of $38 million in the first quarter, up 39% compared with the same period in the prior year, according to Trevor Baldwin, CEO of The Baldwin Group, speaking to analysts on the broker’s first-quarter conference call after markets Monday. “Our integration work is running ahead of schedule,” he continued. “To date, over $34 million in cost synergies have been actioned, representing nearly 80% of the three-year $43 million target,” Mr. Baldwin said. The broker’s first-quarter revenue increased 29% year-over-year to $532.2 million with organic revenue growth of 2%. The Baldwin Group swung to a net loss of $1.9 billion from a year-ago, first-quarter profit of $24.9 million. First-quarter commissions and fees rose 28.8% to $528.8 million. Investment income rose 17.4% to $3.4 million. First-quarter organic revenue growth in the Insurance Advisory Solutions unit was 4%, Mr. Balwin said. Organic revenue growth in the Underwriting, Capacity & Technology unit was 3%, and organic growth in the Mainstreet Insurance Solutions unit was -5%. Second-quarter guidance is for revenue of between $485 million and $495 million, Brad Hale, chief financial officer, said on the call. Mr. Baldwin dismissed concerns of disintermediation with the advent of artificial intelligence, calling AI a “meaningful tailwind” and saying the broker is “investing aggressively” in the budding technology. 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