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 strikes $1.2bn deal for Woodruff Sawyer
San Francisco-based business primarily caters to middle-market and large clients
Miller hires Scor’s Foucart as it continues reinsurance build-out
Broker appoints Vincent Foucart as managing director in its reinsurance practice to drives European growth
Specialty MGA UK launches political risk line
New business line will be led by Amir Hussain as head of political and credit risk
Optio acquires Norwegian marine MGA
Acquisition of S Insurance will complement Optio’s existing marine business
P&I clubs only got two-thirds of headline rate hikes, brokers claim
Tardiness in issuing renewal documentation ‘particularly egregious’ in some cases, Lockton PL Ferrari argues
Results round-up: ProAssurance and Goosehead
Latest results from across the market
Brown & Brown names Hearn as chief operating officer
Industry veteran takes senior executive role at US broking group
PPL launches integrated digital contract capability
Contract capability aims to enable brokers to create structured data templates with API connectivity to their in-house systems
Market consolidation to continue into 2025: BP Marsh
Insurance-focused investor says the ongoing trend shows ‘no sight of slowing down’ in upbeat full-year trading statement
Regulation tops worries for transport sector
Geopolitical disputes prompt concerns about business disruption, WTW survey finds
Gallagher names Lyons London specialty CEO
Appointment follows exit of Jonathan Turner
Broker commission court cases could have wider implications
Eventual decisions could have broader implications for disclosure of broker remuneration in the general insurance industry
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