AFL swoops on Towergate for CFOToby Esser-owned Lloyd’s broking house AFL has appointed Chris Gagg as chief financial officer.
Wanat named Aon’s US commercial broking bossAon has named one of its long-standing servants and the former CEO of its financial services group - Brian Wanat - as chief broking officer for US commercial risks solutions.
Willis pursues Alliant for trying to ‘decimate’ its construction teamWillis Towers Watson is suing Alliant for trying to “steal millions of dollars of revenues” after the West Coast broker poached a 12-strong construction team from its larger rival.
Gallagher strengthens construction team with JLT veteranGallagher has built out its construction division with the appointment of Julie Scott.
AmWins picks Petrilli as president of underwritingWholesale broking giant AmWins has tapped the former North American boss of Swiss Re Corporate Solutions Bob Petrilli to lead its underwriting division.
JLT Specialty appoints European head of risk consultingJLT Specialty has appointed Nigel Somerville as head of risk consulting for Europe.
Global Risk Partners completes merger of two Lloyd’s brokersBroker and MGA consolidator Global Risk Partners has merged two of its businesses – Lonmar and Ropner – bringing the two London broking houses under the Lonmar Global Risks banner.
Binders broker Spicer the latest to leave MillerProgrammes and facilities broker Luke Spicer has left London wholesaler Miller for rival Bishopsgate, re-Insurance.com can reveal.
Ed bolsters marine division with Lloyd and Partners hireBroking house Ed has strengthened its marine team with appointment of Patrick Jordan as divisional director.
High M&A multiples not deterring AJG acquisitionsThe high price tag for mergers and acquisitions in the insurance industry is not deterring Arthur J Gallagher from buying up smaller broking houses, the firm’s chairman, president and CEO has said.
AJ Gallagher sees organic revenues grow 5.9% in Q2Organic revenues in Arthur J Gallagher’s broking division climbed by 5.9 percent in the second quarter as the company’s CEO pointed to rate increases across almost all lines.
Marsh’s $55mn restructuring costs eat into Q2 profitsMarsh & McLennan Companies has unveiled a $55mn bill for “restructuring” costs in its second quarter results, after making swathes of people redundant in an efficiency drive, first revealed by this publication in March.
JLT’s organic revenues grow 4% as 'transformation' costs dent profitsBroker JLT reported organic revenue growth of 4 percent in the first six months of the year, while the cost of a £45mn “global transformation programme” ate into profits for the period.
Hyperion CFO Corbett heads for the exitThe finance boss of Hyperion, which owns brokers Howden and RKH as well as managing general agent Dual, has stepped down.
Brown & Brown’s organic revenues climb 5.2 percent in Q2Acquisitive US broking group Brown & Brown reported second quarter organic revenues revenues that climbed 5.2 percent.
Willis bolster France fac teamGras Savoye, France’s largest insurance broker, has unveiled a dedicated three-strong facultative team, the firm’s parent Willis Towers Watson announced today (23 July).
Pioneer strengthens property cat team with BMS hireManaging general agent Pioneer has has hired James Sharpington from broking house BMS.
Capsicum takes Tysers trio to launch professional liability unitBroking house Capsicum has taken a three-strong professional liability team from London wholesaler Tysers.
Guy Carp hires Willis Re’s structured risk specialist CarrollStructured reinsurance risk specialist Ronnie Carroll has resigned from Willis Re and will join rival Guy Carpenter once his notice period is complete, re-Insurance.com can reveal.