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.
War risk is not for the faint-hearted
Simon Lockwood, the head of shipowners at Willis Marine GB, describes the warning signs of inexperience among war insurers
Aon’s NFP makes retail cannabis business push
Acquisition of Frontier Risk unit to increase broker’s expertise in specialised sector
Specialty MGA hires Woodage for North American property treaty drive
MNK Group-owned managing general agent continues build-out of treaty reinsurance capabilities
Augment elevates Cripps to head of growth
Executive will originate and deliver strategic growth opportunities at reinsurance broker
Axa XL to acquire remaining stake in cyber security firm
Re/insurer previously held approximately 49% of S-RM’s shares
Abundant capacity keeps pricing pressure on commercial markets: Aon
‘Abundant capacity and heathy competition’ continued to drive price reductions in most markets for property, casualty and cyber, Aon says
Willis pioneers Caribbean coral parametric scheme
Caribbean island communities stand to benefit from payouts of up to $150,000 per event to finance emergency reef response after hurricanes strike
Rokstone launches US errors and omissions division
New offering begins with $5m of capacity for professional liability risks, backed by Builders Insurance
Amwins expands nat cat facility to $50m per placement
Expanded facility will provide cover for earthquake, flood, wildfire, windstorm and other natural catastrophe risks worldwide
Accredited partners with Hellenic Hull for ocean marine risks
Hellenic Hull will underwrite hull and machinery, ancillary marine risks and marine cargo on behalf of Accredited
Acies launches ports and terminals MGA
TEDmar International is backed by Lloyd’s capacity and will offer a ‘full package’ of cover for P&T operators and port authorities, Acies says
Mapfre acquires 38.9% stake in insurtech Tuio
Transaction aims to support Tuio’s digital expansion into Latin America and Europe
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