Category: Brokers

December 1, 2021

Arthur J. Gallagher & Co. announced it has completed the $3.25 billion acquisition of nearly all of the treaty reinsurance brokerage operations of Willis Towers Watson plc. Together with Gallagher’s existing reinsurance operations, the combined businesses will trade as Gallagher […]

November 15, 2021

Christopher Croft, CEO of broker body LIIBA, has asserted that regulators will need to show more flexibility to help support the drive to achieve net zero in the insurance and reinsurance industries. Speaking online to the Association of Lloyd’s Brokers, […]

October 21, 2021

Reinsurance broker Guy Carpenter has reported a 15% rise in underlying revenue to $314 million for the third quarter of 2021, as its parent Marsh McLennan delivered impressive year-on-year growth. Buoyed by revenue growth across the business, global insurance and […]

October 19, 2021

KBW analysts’ forecast for the third quarter results season are generally below consensus for the carriers and slightly above consensus for the brokers. Carrier estimate’s have been primarily driven by higher catastrophe losses, while broker’s are anticipated to achieve faster […]

October 8, 2021

The reinsurance business of independent insurance broker Lockton has added Patrick Bousfield to its Bermuda office as a Senior Broker. Bousfield joins Lockton Re from Gallagher Re in New York, where he led the firm’s cyber offering as part of […]

October 6, 2021

Independent agents’ satisfaction with carriers has surged as industry changes have placed a renewed focus on the independent agent channel, according to a new study by J.D. Power. J.D. Power’s 2021 U.S. Independent Agent Performance and Satisfaction Study, developed in […]

September 29, 2021

BMS Re, the independent specialist reinsurance broker, announced the launch of BMS Brasil Corretora de Resseguros Ltda (BMS Re Brazil), headquartered in Sao Paulo. Confirmation of BMS Re Brazil’s license was published in the Official Gazette on Sept. 27. José […]

September 16, 2021

Amwins Global Risks, the international arm of the global specialty insurance broker, has announced the appointment of Colm Hensman as Chief Operating Officer (COO) and Lindsey Davies as Director of Operations. Hensman joins as COO from specialist insurer Beazley, where […]

August 16, 2021

Insurance broker Gallagher has acquired a majority stake in Brokers’ House, a specialty broker based in Istanbul. This acquisition will be Gallagher’s first direct presence in Turkey and will give the company a footprint in a growing strategic insurance hub […]

August 10, 2021

Aston Lark Group, the London-based insurance broker backed by Goldman Sachs, announced it has acquired Essex Insurance Brokers Ltd. Established in 1964 and based in Hornchurch, England, Essex Insurance Brokers serves both personal and business clients in the UK, with […]

July 28, 2021

Broker Aon has reset its Executive Committee following the collapse of its acquisition of rival insurance and reinsurance broker Willis Towers Watson (WTW). Aon logoAon said its new Executive Committee structure is a further acceleration of its Aon United strategy, […]

July 12, 2021

Insurance and reinsurance broking group BMS is expanding its US property catastrophe reinsurance broking footprint, as its BMS Re division has acquired Trean Intermediaries. Trean Intermediaries emerged in 2013 as a joint venture with Trean Corporation and has specialisms in […]

June 30, 2021

The Ardonagh Group is set to launch a new reinsurance broker with ambitions to become a top five global player, called Inver Reinsurance Brokers Limited. The new brokerage aims to leverage the scale, resources and reach of its parent, attract […]

June 17, 2021

After the US Department of Justice (DOJ) decided to sue in an attempt to block Aon’s acquisition of broking rival Willis Towers Watson (WTW), analysts at KBW said that rather than abandoning the merger, Aon is more likely to offer […]

May 27, 2021

The Ardonagh Group, a leading UK insurance broker, announced it has agreed to acquire the insurance operations of BGC Partners Inc. for $500 million in cash. The transaction is expected to close in the second half of 2021, subject to […]

May 18, 2021

The Chilean arm of independent insurance broker Price Forbes has appointed Martin Soto Quintus to the role of Chief Executive Officer, while Miguel Pizarro has been added as Chief Broking Officer. Soto Quintus joins from Aon Reinsurance Solutions where he […]

May 3, 2021

Liberty Company Insurance Brokers (LCIB) has entered into a new partnership with Gainesville, FL-based insurance agency Darr Schackow Insurance (DSI). A company release said that DSI’s 55 employees and four offices throughout Florida would significantly expand LCIB’s presence in the […]

April 28, 2021

An ex-insurance broker from Lake Forest, California has been charged with 90 counts – which include grand theft, theft from an elder, fraudulent insurance benefit claims, assisting in a false claim, making false entries in records or returns, and forgery […]

April 15, 2021

The Worldwide Broker Network (WBN), the world’s largest global network of independent insurance and benefit brokers, has announced the appointment of B. Scott Davis to the WBN board. The appointment was made during WBN’s 64th Global Conference, held virtually from […]

April 2, 2021

Marsh & McLennan Agency LLC, the middle-market business of Marsh LLC, said Friday it has bought PayneWest Insurance Inc., an independent agency with about $135 million in annual brokerage revenue. Terms of the deal were not disclosed. Missoula, Montana-based PayneWest […]