Broking

Gallagher and Ardonagh bitter dispute finally begins in UK High Court

The trial that few thought would ever happen has just begun between the UK subsidiary of broking heavyweight Gallagher and the private equity-owned former Towergate empire, now known as Ardonagh Group.

Aon’s Willis temptation a sign of structural shift in broking

Aon may have ditched any potential plan to buy Willis but the broking market is still experiencing a structural shift in how it operates, TigerRisk president Tony Ursano commented at The Insurer’s New York Insurance Forum 2019.

Carriers increased information requests as prices hardened in Q4: CIAB

The Council of Insurance Agents & Brokers has reported all US lines reported slight to moderate premium price increases in the fourth quarter except workers’ compensation, cyber and terrorism.

Aon confirms it is considering deal for Willis Towers Watson

Aon has confirmed it is in the “early stages” of evaluating a potential transaction for fellow broking giant Willis Towers Watson.

MMC sells JLT aerospace to Gallagher to ensure EU approval for £4.3bn deal

London-headquartered broking house JLT is to sell of its aerospace business to Gallagher in a move to ensure European antitrust approval ahead of its landmark £4.3bn sale to MMC.

London broker titans McGill and Lloyd mull return together

- Recently acquired JLT likely recruiting zone - Linked with PE firms- Buy or Build dilemma?

Beazley and Marsh launch US manufacturing cyber product

Blue chip Lloyd’s (re)insurer Beazley has teamed up with broking house Marsh to bring a new cyber product to the market for US manufacturers.

Willis Re swoops on Canopius for Asia-Pacific agriculture head

Willis Re has named Canopius’ David Gregori as head of agriculture for Asia Pacific to lead the set-up of its agriculture team in the region.

$6bn+ now written in London through broker facilities

£4.8bn ($6.2bn) of gross written premium in the London market is now placed through facilities operated by brokers, according to a wide-ranging study by UK regulator the Financial Conduct Authority (FCA) published today.

FCA probe findings evidence of broker value: Liiba’s Croft

The findings of the newly-released final report into the FCA’s wholesale insurance broker review has provided insurance intermediaries with a “clean bill of health”, the CEO of the London and International Insurance Brokers’ Association has said.

Wholesale brokers in the clear following FCA probe

The Financial Conduct Authority has found no evidence of “competition concerns” following its wide-ranging study into broker activities in the London wholesale market in a massive win for market brokers.

RSG swoops on Texan broker Myron Steves

Ryan Specialty Group has snapped up Myron F. Steves & Company (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas.

Holborn hires Sciolla as chief production officer

US reinsurance broker Holborn has hired former Gen Re executive Berto Sciolla as chief production officer.

US Risk to retain brand after USI takeout

US Risk has confirmed it has agreed to be bought by retail broker USI Insurance Services in a deal expected to close in Q2 this year.

USI set to unveil US Risk acquisition

Retail broking giant USI Insurance Services is set to announce it has agreed a deal to buy wholesaler US Risk, The Insurer can reveal.

Lambrou named CEO of Aon Commercial Risk Solutions

Aon has named Lambros Lambrou as the new global CEO of its Commercial Risk Solutions division.

BB&T to switch on insurance growth button

BB&T sees insurance growth opportunities with SunTrust deal

BB&T’s proposed merger of equals with SunTrust is being billed by the bank as a significant growth opportunity for its $1.96bn revenue retail and wholesale brokerage operations.

RFIB hires Stanoch from Burns & Wilcox

RFIB has hired Joseph Stanoch from Burns & Wilcox as managing director of its Americas platform.

RKH to launch $100mn Lloyd’s market facility Rethink

RKH, currently the largest producer of direct business into Lloyd’s, is in advanced talks to ink a major new London market facility which is expected to see as much as $100mn GWP placed with a panel of Lloyd’s underwriters.