Aon has appointed former Cyber Re Limited and Platform Labs CEO Robert O’Connell as global cyber strategy and growth leader for its reinsurance solutions business.
Broking
Gallagher has bolstered its footprint in Australia with a deal to buy commercial insurance intermediary Hann Insurance Brokers for an undisclosed sum.
Arthur J Gallagher’s claims and risk management solutions unit Gallagher Bassett has acquired UK-based Caytons Law LLP.
New York-based financial consulting and brokerage firm Advanced Corporate Solutions has partnered with Imperity Insurance & Benefits Consulting, the insurance division of Imperity, a full-service financial services group also based in New York.
Miller has hired Guy Pierpoint to lead business development within its marine team.
Fierce competition is reshaping the London broking landscape with mid-sized firms becoming increasingly squeezed, according to Gracechurch CEO Ben Bolton.
Moves by carriers to establish dedicated wholesale operations and a commitment to dual distribution has led to continued growth in submission counts, despite stabilising market conditions, according to Amwins brokerage co-presidents Jeff McNatt and Sam Baig.
Aon has bolstered its footprint in Japan with the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG).
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,
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.
Acrisure has launched a wholesale broking division in Bermuda, with Paul Scope joining from Ardonagh Specialty to lead the unit.
Lockton’s long serving casualty broking executive Debbie Goldstine is joining the firm’s reinsurance intermediary Lockton Re as chief growth officer,
WTW will need to recruit a CEO with extensive reinsurance brokerage experience if it is to make a success of its rumoured return to the treaty reinsurance space, according to one of its former stalwarts.
Price Forbes Re has analysed use cases of generative artificial intelligence (GenAI) in reinsurance as it warns that brokers and carriers will need to adapt to AI advancements to remain competitive.
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.
