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.
Bridgehaven expands into Europe with Arrow partnership
Partnership marks the insurer’s first step into the European delegated underwriting market
Acrisure completes acquisition of property MGA Vave
Deal adds Vave to Acrisure Underwriting’s platform of 12 MGAs operating in the US insurance market
Optio acquires marine MGA Gardian Marine
Acquisition aims to address gaps in the marine specialty market and broaden Optio’s specialisms
Mission Underwriters launches Latin America platform
Miami-based operation will develop specialised facultative reinsurance programmes, initially targeting property, financial lines and specialty segments
Euna expands PI cover to London market
Managing general agent says move will spur innovation and supported development of more sophisticated products
Market ‘only scratching the surface’ of parametric potential
The appeal and utility of parametric insurance is growing, and the interpretation of basis risk is evolving, Guy Carpenter’s Guillermo Franco and Iceye’s Anke Sielker say
Chaucer and Ceto launch marine MGA
New MGA aims to integrate real-time vessel data into underwriting to assess risk based on vessel condition
Marine MGAs face consolidation in softening market
M&A activity could reduce the amount of capacity available for managing general agents
Automation to reshape nearly half insurance tasks by 2030
One in seven roles will be at risk from automation within next five years, Aon estimates, while 60% of global workforce will require reskilling
M&A insurance demand expected to remain high
Lower interest rates should spur deals, but ‘geopolitical instability’ could dampen deal appetite, Marsh warns
The Fidelis Partnership premiums rise to $5.4bn in 2025
Expansion of Lloyd’s platform drives growth at Bermuda-based underwriting group
Energy broker Ventura launches with BP Marsh backing
Lloyd’s broking firm is founded by former Miller broker Alex Taylor
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