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.
Price Forbes Re appoints Frankland as non-executive chair
Former Aon and Guy Carpenter senior executive joins reinsurance broker
Asta launches financial lines MGA Verde Risk Management
New MGA will write commercial crime, management liability and financial institutions business across the UK, European and international markets
UIB appoints Spreadbury to lead downstream energy practice
Former Price Forbes head of renewables joins Lloyd’s broker
ATA launches $750m AI infrastructure facility
Arch Insurance, Munich Re and Scor are among the re/insurers backing the consortium
Gallagher Re names Cobon head of strategic solutions in Bermuda
Appointment forms part of broker’s wider investment in Bermuda, with a focus on capital structuring and investor engagement
Statera approved as Lloyd’s managing agent
Approval allows Statera to bring management of syndicates 4242 and 1416 in-house from Asta
Howden to acquire Atlantic Global Risk
Broker continues build-out of US platform with purchase of transaction liability specialist
Africa Specialty Risks increases Baobab capacity to $26m
Increased capacity aims to improve access to specialty insurance for risks originating across Africa
Aon extends Case’s contract through 2030
Broker increases chief executive’s pay to $1.75m
Softening market spurs MGA activity
MGA launches tend to be resilient to market cycles, Emma Plush, director of MGA and broker solutions at Davies, says
Miller expands European surety offering with hires
Elisabeth Chalon Lambertin and Toni Beltzer will focus on expanding surety solutions across construction, energy and trade finance
Gallagher UK CEO named Biba deputy chair
Michael Rea succeeds Aon’s Jane Keilty as deputy chair of broker trade body
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