Brown & Brown Inc., a U.S.-based insurance broker, is set to acquire rival Accession Risk Management Group in a deal valued at approximately $9.8 billion. The transaction, structured as a cash-and-stock agreement, represents Brown & Brown's largest acquisition to date and aims to enhance its capabilities in property and casualty insurance as well as employee benefits. Accession's CEO, Mina, will join Brown & Brown's retail senior leadership team following the acquisition. Legal advisory for Brown & Brown on this deal is being provided by Skadden Arps. The announcement adds to a trend of consolidation in the insurance brokerage industry. Separately, Cracker Barrel announced a proposed private offering of convertible senior notes due 2030, while Rubrik revealed plans for a $1.5 billion convertible senior notes offering. Other companies including Global Partners LP, Lineage, Aspen, Omega, Etsy, American Superconductor, BrightSpring, Cabaletta Bio, Draganfly Inc, IREN, and Karat Packaging also announced various offerings of senior notes or stock sales.