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.
Brokers should keep customer needs in mind while navigating the digital shift
New technology can provide significant benefits for brokers in terms of improving customer service and productivity – but there are risks
Vessel Protect increases limits for hull and cargo war risk
Move comes after Howden’s recent launch of cargo facility for the Red Sea
Amboss launches with takeover of Oilfield’s Switzerland business
Managing general agent will focus on energy sector and climate transition
Marsh adds $25m capacity to Echo cyber facility
Broker’s excess cyber facility now has capacity of $125m
Loadsure launches in Europe
Insurtech MGA will initially focus on the Benelux region, Germany, France, Denmark, Norway, Finland and Sweden
Aon eyes NFP acquisition pipeline as $13bn deal closes
Purchase of US middle-market specialist will support organic and inorganic growth opportunities, Aon chief executive Greg Case says
Aon organic growth slows in Q1
Corporate Risk Solutions books organic growth of 3% in the quarter, down from 6% a year earlier, amid ‘pressured’ US performance
Transfer fraud and email compromise biggest source of cyber claims: Coalition
Ransomware accounted for just 19% of reported claims in 2023, cyber MGA says
Gallagher books 9.4% organic growth in Q1
US broking and consulting group’s first-quarter net earnings rise one-quarter to $608m
WTW risk and broking reports 8% organic growth
Revenues in global broker's risk and broking segment climb to $978m in the first quarter, lifted by growth in Corporate Risk & Broking division
WTW hires Lombardo to chair NA real estate
Global broking group hires Danielle Lombardo from Lockton to oversee development of real estate, hospitality and leisure practice
Fidelis Partnership hires Somerville as head of ceded re
Bermuda-based MGU appoints Douglas Somerville from Howden Re to oversee capacity and ceded reinsurance
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