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.
Gallagher buys majority share in Saudi broker
The broker acquired majority stake in Ace Re Gallagher Arabia
Willis Re appoints Summers global specialties CEO
Reinsurance broker continues to build-out top team with senior Guy Carpenter hire
ANV continues acquisition spree with Pennsylvania brokerage buy
Intermediary platform continues to build-out workers’ compensation expertise with purchase of Associated Specialty Insurance Agency
UIB hires Webb to lead US binder growth
Kevin Webb will build transportation-focused binder business at the Lloyd’s broker
Miller names Stubbings Bermuda chairman
Industry veteran will support Miller’s reinsurance and retrocession growth proposition in Bermuda
WTW expands international property facility
Expanded facility offers up to $60m of follow capacity per placement
Demand for specialty insurance growing in Europe: Bridgehaven’s Marry
Insurer’s European chief executive sees growing demand for products linked to climate transition, digital infrastructure and emerging technologies
AI can bring new business to wholesale brokers
Artificial intelligence can enable wholesale brokers to service small books of business, which would otherwise be uneconomical, says chief executive of newly launched broker Novella
Convex launches specialty MGA Kinetic
Kinetic Insurance Services will write complementary portfolio of business and provide access to ‘new and emerging markets’
WTW acquires crypto insurance platform Redefind
Global broker expand offering for digital asset protection and crypto insurance
Navium and Overhaul launch AI infrastructure cargo consortium
Lloyd’s backed consortium is claimed to be the first of its kind to provide cover specifically for shippers of data servers
FCA rule interpretations challenge London market
The regulator’s guidance often clashes with its rulebook, increasing the burden on brokers and insurers
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