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Category: Brokers


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 […]


Brokers

How did the global market for insurance broking fare in 2021? – Report

June 8, 2022

Via: Insurance Business

The global market for insurance broking saw significant growth in 2021, recording a revenue of around US$137.6 billion from total fees and commissions earned, a report from marketing consultancy Insuramore revealed. This is an increase of about US$122.3 billion from […]


Brokers

Howden Gets Regulatory Nod to Raise Stake in Howden India to 100%

May 26, 2022

Via: Insurance Journal

Howden, the international insurance broker, announced it has obtained approval from the Insurance Regulatory and Development Authority of India (IRDAI) to increase its shareholding in Howden India from 49% to 100%. The move is subject to post completion approval from […]


Brokers

Global Broking Network Brokerslink Adds First Tech Firms as Members

May 19, 2022

Via: Insurance Journal

Brokerslink has added six technology firms as members – the first non-broking or risk consulting firms to join the global network since its creation in 2004. These “B.tech affiliates” signal the network’s intent to enter a new era of digitalization, […]


Brokers, Financial, Risk Management

Lockton posts record Q1 revenue growth

May 17, 2022

Via: Reinsurance News

Insurance and reinsurance broker Lockton has posted record revenue growth of 27% over the period from Q1 2021 to Q1 of this year, most of which was organic revenue growth. The company reported revenue of $2.69 billion for the first […]


Brokers

Brokerage president finds success in “servant leadership, empathy and execution”

April 21, 2022

Via: Insurance Business

“Servant leadership, empathy and execution” are watchwords for Tony McIntosh, executive vice president and partner at The Liberty Company Insurance Brokers. That focus has brought McIntosh success in the insurance space, and led to his inclusion on the Insurance Business […]


Brokers

Insurers, Brokers Among Those Named World’s Most Ethical Companies

March 22, 2022

Via: Insurance Journal

Two property and casualty insurers and two brokers were included within a list compiled by Ethisphere of the most ethical companies in the world. The 16th annual report from Ethisphere, a company that defines and measures corporate ethical standards and […]