Brokers & Distribution
Brokers provide a vital cog in the global specialty re/insurance marketplace, with their role continuingly evolving beyond a mechanism simply to place business. The advisory services provided by brokers now form a critical part of their value offering. The broking landscape is also shifting with major merger and acquisition activity creating opportunities for growing firms to expand in core markets and attract staff who have been displaced in the fallout from major deals.
Retro markets ‘push back’ on aviation rate pressure
Aviation retrocession markets are becoming cautions of rising losses amid a ‘changing view of risk’, Gallagher Re reports
Ai Marine link-up with London P&I highlights growing interest in fixed-premium cover
Development is a further indicator that the dividing line between for-profit and not-for-profit P&I cover is steadily eroding
Fidelis launches casualty reinsurance MGA
Adroit Underwriting will focus on US casualty reinsurance for small and medium-sized enterprise risks
Willis expands CyMax cyber facility
Renewed primary and excess cyber facility moves panel-based model with partners including Axa XL, Beazley, HDI Global and Markel
Carbon secures growth investment from FTV Capital
Investment will support growth of Carbon’s delegated underwriting platform and its international expansion plans
Property cat price softening accelerates at mid-year: Guy Carpenter
Broker’s global property catastrophe rate on line index fell to -16% at mid-year from -12% at January
Aon names Reid EMEA facultative reinsurance chief
Global broker hires Sompo executive Mike Reid to succeed Nick Fraccalvieri
Ardonagh launches digital placement business
Axiiem will initially focus on providing digital trading and capacity solutions for broking group's key distribution partners
Guy Carpenter combines UK P&C and London Europe teams
The combined team will be led by Leon Janeke, who has been head of the broker’s London Europe team for the last three years
BMS launches technology centre in Mumbai
New platform will give the group access to talent, skills and AI expertise in India
Howden Re sets up Dublin office
Reinsurance broker expands European footprint with office in Ireland
Augment continues MGA drive with Bonnett hire
Reinsurance broker hires Acrisure London Wholesale partner to develop MGA client base
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