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 d ...