Broking

Top 20 US broker PCF rebrands as Trucordia

Felix Morgan-led PCF Insurance Services has rebranded to Trucordia, which the Carlyle and HGGC backed insurance broker said comes at a “pivotal moment” in its growth.

Juniper Re launches into Bermuda wholesale D&F with Price Forbes’ Lucking

Baldwin Group-backed start-up reinsurance broker Juniper Re has hired former Price Forbes broker Rebecca Lucking for the launch of a new Bermuda wholesale broking operation that will initially start out focused on property business, The Insurer can reveal.

Acrisure hires Ardonagh’s Scope to lead new Bermuda unit

Acrisure has launched a wholesale broking division in Bermuda, with Paul Scope joining from Ardonagh Specialty to lead the unit.

Longtime Lockton retail casualty exec Goldstine joins Lockton Re as chief growth officer

Lockton’s long serving casualty broking executive Debbie Goldstine is joining the firm’s reinsurance intermediary Lockton Re as chief growth officer, The Insurer can reveal.

Over 5,000 common reinsurance tasks a good fit for GenAI augmentation: Price Forbes Re

Price Forbes Re has analysed use cases of generative artificial intelligence in reinsurance as it warns that brokers and carriers will need to adapt to AI advancements to remain competitive.

Everest forms new Izzo-led global broker management team

Everest Group has formed a global broker management team led by newly appointed chief global broking officer Anthony Izzo, a role the executive will assume alongside his existing responsibilities as head of global facultative and distribution for Everest Reinsurance.

Private Client Select pens exclusive E&S distribution deal with Ryan Specialty

Private Client Select Insurance Services (PCS) has signed a distribution agreement with Ryan Specialty for the broker to act as its exclusive wholesaler in the high and ultra-high net worth markets in the US, with capacity from AIG’s newly formed E&S carrier Marbleshore Specialty Insurance Company.

Marsh McLennan’s MMA to buy top-50 agency Horton Group

Marsh McLennan Agency has entered into a definitive agreement to acquire top-50 US personal and commercial broker The Horton Group, The Insurer can reveal.

Dunn launches Australian brokerage Domo Insurance

Former Tysers executive William Dunn has launched independent brokerage Domo Insurance serving the Australian market.

CAC adds Marsh’s Scheerer as it targets East coast expansion

CAC Specialty has brought in Charles Scheerer from Marsh in a hire the broker said marks a significant milestone in its East coast expansion efforts.

Baldwin Risk Partners to rebrand as the Baldwin Group

Baldwin Risk Partners has announced its new firm-wide branding initiative, transitioning to the Baldwin Group as of today.

WTW recruits chair of Lockton’s global real estate practice Danielle Lombardo

WTW has recruited Lockton partner and the chair of its global real estate practice Danielle Lombardo for a similar role, a move that is a high-profile addition of an executive who also has a strong reputation as a producer, The Insurer can reveal.

Ex-Arch distribution head Lee launches start-up broker Ambition Risk Services

Former Arch Insurance distribution leader Tony Lee has launched Ambition Risk Services, a start-up broker targeting small and middle market clients along with public sector opportunities, The Insurer can reveal.

Aon appoints Romeo CEO of Bermuda reinsurance operations

Aon’s Roman Romeo has been appointed CEO of the broker’s Bermuda reinsurance operations, and has been tasked with growing and developing the platform.

King strengthens NJ presence with acquisition of Mehta Insurance Agency

King Insurance Partners has acquired Mehta Insurance Agency, a Absecon, New Jersey-based brokerage firm.

Galway hands Denton and Jennings new divisional CEO roles in reorg

Galway Holdings has named EPIC Insurance Brokers & Consultants head Steve Denton as CEO of its newly formed Galway Retail Services division while Jencap’s leader John Jennings has been appointed CEO of the firm’s freshly formed Specialty Markets platform.

Porch agrees $30mn deal with Aon, releases broker from Vesttoo claims

Porch Group has inked a “strategic business agreement” with Aon Corp and Aon Re in which the broking businesses will pay the home services software firm up to $30mn in a deal which also sees all Vesttoo-related fraud claims between the companies dropped.

Aon hires Ardonagh’s Dando to lead Strategy and Technology Group in EMEA

Aon has recruited Steve Dando as CEO of its Strategy and Technology Group for the EMEA region, marking the latest departure from Ardonagh Specialty, The Insurer can reveal.

BRP-backed Juniper Re aims to be destination of choice for entrepreneurial talent

Juniper Re’s Jeff Irvan and BRP CEO Trevor Baldwin have laid out the founding vision for the reinsurance broking start-up, aiming to bring a “modern” approach to the segment, operate with a flat organisational structure, and be a destination for entrepreneurial talent.

Patriot Growth agrees $500mn expansion to existing debt facility

Private equity-backed Patriot Growth Insurance Services has significantly expanded its existing debt facility after securing $500mn of financing led by existing lenders Golub Capital and jointly arranged by Antares Capital.

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