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.
BP Marsh invests in start-up broker SRT & Partners
Insurance-focused private equity firm acquires 30% stake in UK retail and London market broker
SageSure appoints ex-Guy Carp CEO Hearn to board
Peter Hearn joins board of catastrophe specialist managing general agent
Brown & Brown posts 9.5% organic growth for Q3
US broking group posts earnings beat as third-quarter net income jumps 33% to $234m
Aon names space division global practice leader
Jared Ball will succeed Jeff Poliseno, who is retiring after three decades in aerospace broking
Aon corporate broking growth steady in Q3
Commercial Risk Solutions division reports 6% organic growth in third quarter
FCA finds rise in non-financial misconduct in London market
Incidents more than double in number in London market between 2021 and 2023, but unclear whether figures reflect worsening behaviour, or better reporting and surveillance
Results round up: Gallagher, Hartford and Universal
Latest results from across the market
BP Marsh NAV climbs 10% in H1
The insurance-focused investor reports net asset value rose to £253m at the half-year point, as pre-tax profits surge
Rokstone strikes D&F property deal with Aviva
Agreement will enable MGA to underwrite global property D&F business up to $2m per risk
Beat Capital launches US middle-market E&S underwriter
Incubation platform partners with CrossCover executive Brett Dupre on launch of Fallow Grove
SiriusPoint eyes further North America MGA tie-ups
Company plans to add ‘one or two’ MGA capacity partnerships per quarter to existing suite of 17 arrangements, carrier’s head of property and casualty for the Americas says
Pen Underwriting relaunches cyber insurance for large corporates
New offering includes £10m in primary cover while excess-of-loss limits have been doubled to £15m
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