Tag: brokers

July 18, 2024

Shares of Texas-based insurance broker TWFG, Inc. begin trading on the Nasdaq Global Select Market today under the symbol TWFG. TWFG said it expects to realize gross proceeds of $187 million and net proceeds of approximately $168.3 million from the […]

July 11, 2024

Ranked by 2023 total revenues, Marsh McLennan retains the top position for the 14th consecutive year in AM Best’s rankings of the top global insurance brokers, with its total revenue rising nearly 9.7% to reach $22.7 billion in the year. […]

June 28, 2024

Noor Energy 1, an iconic solar power plant in the United Arab Emirates has likely suffered hundreds of millions of dollars of losses following an April storm. Noor 1 is a concentrated solar power (CSP) operation with a 260 meter […]

June 18, 2024

Aon, a global insurance and reinsurance broking group, has released its latest capital poll, highlighting the capital challenges and growth prospects for insurers. The challenges faced in 2023 significantly reduced the financial buffers that many insurers previously benefitted, leading to […]

June 14, 2024

The Clear Group, the London-based independent broker, announced it has acquired the book and assets of credit insurance broker Rycroft Associates LLP and its sister company and appointed representative, Inspire Credit Management Ltd., a delegated authority specialist. The company was […]

June 13, 2024

UK broker and underwriter Jensten has bolstered its London and South East presence through its acquisition of Chris Knott Insurance Consultants, a broker that specialises in both personal and commercial lines. Subject to regulatory approval, the deal will reportedly introduce […]

June 11, 2024

Axis Insurance Managers Inc., the Vancouver-based independent specialty insurance brokerage, announced it has received a significant growth investment from Lee Equity Partners LLC, a middle market private equity firm that specializes in the financial services and healthcare industries. The partnership […]

June 4, 2024

Chartered insurance broker Verlingue Ltd. has established a new dedicated construction practice to serve the UK’s fast-growing construction industry. The practice, led by Harvey Monk, sales director South, brings together a team of specialists from across Verlingue in one streamlined […]

May 23, 2024

Axis Insurance Managers Inc., the Vancouver, Canada-headquartered brokerage, announced it has acquired The Magnes Group Inc. Axis Insurance said it made its initial investment in Magnes in 2015. Financial details of the transaction were not disclosed. Founded in 1933, Magnes […]

January 18, 2024

Independent managing general agency and program manager, Tangram Insurance Services, Inc., has acquired Preferred Reinsurance Intermediaries, marking its expansion into the reinsurance brokerage market. Founded in 1983, Preferred Re is a reinsurance broker and consultant working with companies of all […]

November 6, 2023

Insurance Business has unveiled America’s best professional liability insurance providers and brokers for 2023, companies and individuals that remained in step with the industry’s needs while delivering for their partners despite the rapidly evolving market. Insurance Business America (IBA) identified […]

October 25, 2023

QuoteWell, a tech-enabled commercial insurance wholesale brokerage that is at the forefront of innovating the distribution side of insurance, announced the launch of its brokerage operations to serve independent retail agents. QuoteWell helps agents who are often overlooked and given […]

October 6, 2023

Steadfast Group (Steadfast), the largest general insurance broker network and underwriting agency group in Australasia, has expanded into the US insurance market by acquiring ISU Group (ISU). Starting a franchise over 40 years ago, ISU has become one of the […]

September 25, 2023

Broking giant Aon has announced the hiring of former Aeolus Capital Management portfolio manager Jake Nichols, as its new Global Clients Leader, Bermuda, within the firms Reinsurance Solutions division. Nichols brings expertise across the reinsurance and collateralized space, having worked […]

August 29, 2023

Aston Lark, a Howden company, announced it has acquired Plymouth, UK-based marine insurance broker, Curtis Marine. Financial details of the deal were not disclosed. Curtis Marine will become part of Howden’s marine practice, trading under the Haven Knox-Johnston name. The […]

August 21, 2023

InterContinental Insurance Brokers, LLC, a private client services division of Venbrook Insurance Services, has promoted Christopher D. Tannas to Senior Vice President/ National Director, and Mackenzie Rooney to Vice President. At the same time, the company has also appointed Marie […]

August 17, 2023

World Insurance Associates LLC announced that R&S Insurance Agency, Inc. (“R&S”) of Stoughton, Wisconsin has joined World as of August 1, 2023. Terms of the transaction were not disclosed. R&S has been providing insurance products and services to individuals, families […]

July 24, 2023

Despite the rapid evolution of the cyber insurance market, it’s still facing a demand-side problem, according to James Burns (pictured), head of cyber strategy at CFC. The relatively low level of cyber awareness among UK SMEs – which account for […]

July 14, 2023

Analysts at Goldman Sachs still expected reinsurance broking businesses to report double-digit premium growth in the second quarter of 2023, as well as strong results in retail property and casualty (P&C) globally. In a recent report, analysts discuss pricing and […]

July 13, 2023

Across the globe, the insurance industry’s talent crunch continues. However, despite recruitment challenges, in certain lines of business many global insurers are expanding, says Graeme Young (pictured above), ANZ director for Eliot Partnership. “I think the overriding feature is the […]