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.
BP Marsh sells stake in Lloyd's broker CBC UK
Insurance-focused venture capital firm will receive an initial consideration of £41.8m for its 43.8% stake in broker's parent company Paladin
Liiba makes three board appointments
Gina Butterworth, Margarita Hutley and Holly Shepherd join the broker representative body’s board
Augment Risk appoints McGill's Matson as CEO
Newly launched reinsurance broker hires McGill and Partners partner Andrew Matson to lead the business
'The UK fronting market may grow faster than the US': State National CEO
Senior executives from State National and Markel International discuss their plans for a joint venture they say will be bring new global insurance capacity to the ‘underserved’ and fast-growing UK MGA fronting market
Pop Group appoints Coleby as managing partner of operations
Fusion Specialty owner hires former Aioi executive to oversee operations across key operating entities
Howden acquires Swiss reinsurance broker Haakon
Fast-growing broker continues expansion of its European reinsurance platform with latest deal
WTW names Condello head of Asian risk
Broking giant hires former Gallagher executive to lead new Asian risk division within its North America Corporate Risk and Broking business
Gallagher closes acquisition of Cadence Insurance
International broker completes $904m acquisition of the insurance broking operation of Cadence Bank
State National to enter UK market
US programme heavyweight partners with sister business Markel International to target UK managing general agents
Lightyear Capital invests in broker Inszone
Private equity firm injects capital into US broking group alongside existing investor BHMS
Ardonagh's Erotocritou appointed to Brokerslink board
Antony Erotocritou will represent Ardonagh Specialty on the broker network's board
Viewpoint: MGA sector optimistic in face of economic challenges
Against the backdrop of economic uncertainty and political turbulence, confidence in the MGA market is as high as ever. What are the opportunities and challenges facing the sector as we head into 2024?
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