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.
WTW launches $200m cargo facility
New facility is designed to safeguard cargo owners from geopolitical risks such as terrorism, war and political violence
United Risk launches warranty and affinity platform in EU and UK
Applied Affinity Underwriters will target consumer insurance programmes in Europe
White Mountains to acquire majority stake in Distinguished Programmes
Bermuda-based group to acquire an additional 50% stake in MGA and programme administrator for $230m
US politics poses latest threat to wind energy: McGill’s Sexton
‘The development of new offshore wind projects in the US is pretty much dead for the next four years,’ McGill and Partners’ head of renewables, power and energy, Tom Sexton, says
MGAs hit with claims pressure but eye AI-driven growth
New report reveals MGAs face pressure from rising claims risks and regulation, but industry views artificial intelligence and specialty lines as key to future resilience
Ardonagh acquires majority stake in Hong Kong’s Apex
Broker looks to deepen regional footprint and expertise with latest Asia deal
Gallagher Re hires Aon’s Muñoz to lead global fac
Broker hires industry veteran Pablo Muñoz to drive global facultative growth and strikes deal with Japanese fac partner
Real fitness starts with core strength: Nexus’s Rouse
In his first interview since becoming Nexus Underwriting’s chief executive, Stuart Rouse describes the vital features of a healthy managing general agent
Rod Fox leaves Howden Re
Departure comes three years after Howden’s merger with TigerRisk, which Fox founded in 2008
BMS acquires Queensland broker
Broking group continues global expansion with acquisition of boutique intermediary Corporate and Commercial Insurance Brokers
Ardonagh completes $2.5bn investment deal
Stone Point becomes 'significant' shareholder following deal that values UK-based broking and distribution group at $14bn
BP Marsh increases stake in Pantheon
Insurance-focused investor raises stake in London broker to 39%
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