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.
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
UIB hires head of international property
Lloyd’s broker hires Linden Vytelingum from Willis
Asia cyber opportunity growing
High-profile incidents have started to shift perceptions and drive demand for cover, new report finds
Howden launches US aviation practice
Julio Jimenez to lead new practice targeting airlines, aerospace companies and aviation operators
BPL launches reinsurance division
BPL Re will focus on credit, political risk and surety business
Arrow names Bertagna CEO of MGA Solutions
Former Howden executive Enrico Bertagna will oversee the development of Arrow’s MGA partnerships
Rethinking growth in a softening market
Softening market conditions can create opportunities for insurers to leverage growth opportunities through MGAs, consortia and reinsurance structures
European MGAs look to AI to support growth ambitions
At last week’s MGA Rendezvous in Barcelona, the delegated authority market discussed growth opportunities in Europe and the opportunities created by AI
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