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Category: Brokers


Brokers

Marsh McLennan’s Guy Carpenter to Buy Israeli Reinsurance Broker, Re Solutions

May 30, 2023

Via: Insurance Journal

Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later this quarter, were not disclosed. Founded in 2010, […]


Brokers

BMS to acquire specialist broker, Western United Financial Services

April 19, 2023

Via: Reinsurance News

Specialist insurance and reinsurance broker BMS Group has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have not been disclosed. Founded in 2002, WUFS offers tailored insurance broking, […]


Brokers

UK Broker Clear Group Acquires Irish Broker MBC Insurance

April 13, 2023

Via: Insurance Journal

The Clear Group, the London-based independent broker, announced the acquisition of Irish commercial broker McAuliffe Barry & Collins Ltd., which trades as MBC Insurance and Techinsure.ie. Clear has acquired 100% of MBC Insurance. Financial details of the deal were not […]


Brokers

PCF Insurance at ‘a moment of convergence’

March 24, 2023

Via: Insurance Business

PCF Insurance Services (PCF) is at a “moment of convergence” after investing heavily in data and technology capabilities last year. The independent commercial insurance brokerage, one of the fastest growing in the US, is ready to fuel its organic growth […]


Brokers

Insurance Business unveils America’s top specialist brokers for 2023

February 28, 2023

Via: Insurance Business

Insurance Business has released the list of the America’s top specialist insurance brokers for 2023. The winners of the seventh annual top specialist brokers list possess unique insights and highly developed skill sets tailored to their specialty to help retail […]


Brokers

Broker on diversifying the “male, pale, and stale” insurance workforce

February 8, 2023

Via: Insurance Business

Michael H. Bill and Jon Loftin (pictured right and left, respectively) know that insurance companies are primarily made up of men like them. But they are also conscious that this presents a challenge to the industry. “We go to industry […]


Brokers, Financial, Risk Management

AJ Gallagher’s brokerage & risk management units post 16% organic revenue growth in Q4

January 27, 2023

Via: Reinsurance News

Global insurance and reinsurance broker, Arthur J. Gallagher & Co., has reported adjusted net earnings of $367.9 million for the fourth quarter of 2022 within its brokerage operations, which alongside higher earnings in its risk management segment, more than offset […]


Brokers

Acrisure Acquires Affinity Brokers in Scotland

January 18, 2023

Via: Insurance Journal

Acrisure, which operates a global insurance broker, has acquired Affinity Brokers Limited, a commercial insurance broker based in Glasgow, Scotland. Founded in 2010 by Scott Meechan and Yvonne McKnight, Affinity has a specialty in jewellery and jewellers block. The business […]


Brokers

WTW unveils new strategy in corporate risk and broking

December 20, 2022

Via: Reinsurance News

The North American Corporate Risk and Broking (CRB) division of WTW has launched a new strategy that looks to enhance its client proposition through aligning the entire value-chain of internal resources through industry specialisation. A statement from the firm said […]


Brokers, Regulatory / Legal

Court Decides Insurance Broker’s Duty to Inform LLCs About Workers’ Compensation

December 15, 2022

Via: Insurance Journal

What is the duty of an insurance broker in New Jersey to members of a limited liability corporation (LLC) when it comes to workers’ compensation coverage? The New Jersey Supreme Court this week ruled that a broker has a “non-waivable” […]


Brokers

Sammy Free joins Brokerslink as new affiliate

November 14, 2022

Via: Reinsurance News

Brokerslink, a global broking business, has added Sammy Free, an insurance and reinsurance brokerage specialising in surety insurance, to its international network. From its headquarters in Spain, Sammy Free has been dedicated to enabling clients to obtain their guarantees in […]


Brokers

McGriff makes new additions to Construction-Risk Management practice

November 4, 2022

Via: Reinsurance News

Broker firm McGriff, has announced the appointment of Danielle Ross as Head of Construction – Risk Management in its new National Construction – Risk Management practice, and Dana Moriarity as Casualty Leader for the National Construction Risk Management practice. Based […]


Brokers, Financial, Risk Management

Aon revenues stable, buoyed by Reinsurance Solutions growth

October 28, 2022

Via: Reinsurance News

Re/insurance broker Aon has posted flat revenue of $2,696 million for the third quarter of 2022, as growth in its Reinsurance Solutions segment offset a decline in revenues across all other segments. The Reinsurance Solutions segment grew its revenue by […]


Brokers

EPIC Insurance Brokers acquires The National Benefit Corp

October 4, 2022

Via: Insurance Business

EPIC Insurance Brokers and Consultants has acquired The National Benefit Corp (TNBC), a full-service service insurance marketing organization based in West Des Moines, IA. TNBC, founded in 1977, offers advisors a wide range of financial products such as life and […]


Brokers

Gallagher recruits Tim Wright as Consultant for aerospace practice

September 21, 2022

Via: Reinsurance News

Insurance broker Gallagher has announced the appointment of Tim Wright as a Consultant within its global aerospace practice. In his new role Wright will be responsible for supporting international space clients with risk management and specialist insurance advice, as well […]


Brokers

Lockton creates capital markets unit as part of reinsurance business

September 12, 2022

Via: Insurance Business

Independent insurance broker Lockton has formed a capital markets unit within its global reinsurance business Lockton Re. Led by Zach Breslin, Lockton Re Capital Markets (LRCM) is aimed at providing complementary solutions to existing client offerings by accessing broader pools […]


Brokers

Insurance Business reveals California’s 5-star brokerages for 2022

September 7, 2022

Via: Insurance Business

The brokerage industry in California remains resilient despite facing various challenges this year. Insurance Business America’s (IBA) 5-Star Brokerages – California awards recognize and celebrate five brokerages that distinguished themselves in 2020 and 2021 across 11 criteria. IBA completed the […]


Brokers

Relation acquires assets of Innovative Broker Services

August 17, 2022

Via: Reinsurance News

Relation Insurance Services, a privately held corporation backed by Aquiline Capital Partners, has announced the acquisition of the assets of California-based Innovative Broker Services. The transaction brings an established insurance brokerage firm to Relation and expands the firm’s growing national […]


Brokers

Specialty Program Group moves to acquire ESP Insurance Brokerage

July 13, 2022

Via: Insurance Business

Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has announced its acquisition of ESP Insurance Brokerage LLC (ESP). ESP is a national insurance broker and program administrator founded five years ago for the sports, […]


Brokers

Lloyd’s Broker Servca Launches Malta Office to Spearhead European Expansion

June 16, 2022

Via: Insurance Journal

Servca, the independent Lloyd’s broker that specializes in non-standard medical, financial and professional lines insurance, announced the opening of an office in Malta to spearhead the expansion of its European business. With passporting rights to all 28 EU countries, complete […]