Broking

Ed hires Clarkson-led marine team

Heather Clarkson, a senior London market Aon marine executive, joins the private equity backed wholesaler Ed in early 2018 to become the managing director of the broker’s marine practice, Reinsurance can reveal.

Marsh promotes Paul Moody to CEO of UK Specialties

Marsh has appointed Paul Moody to be CEO of its UK Specialties Division.

JLT’s Chairman runs risk of falling foul to corporate governance reform

JLT is at risk of falling foul of reforms aimed at improving accountability of the largest companies in the UK.

Enderby to leave Marsh in London efficiency drive

Dominic Enderby, Marsh’s Marine UK Placement Leader, is one of the most prominent market figures likely to leave the broking giant following a recent restructuring, Reinsurance understands.

Putting a price on Price Forbes

Recent minority share sale - perhaps by departing founder Michael Donegan - implies valuation as high as £183mn

Fierce rate resistance from brokers ahead of 1.1 renewals

The ILS fund manager, Leadenhall Capital Partners, increased its assets under management to a new record size of $4.5bn last week but acknowledged that brokers determination to negotiate hard ahead of the 1.1 renewals prompted the firm to rein in some new capital flows ahead of closing its books.

London brokers lobby FCA to relax &quote;impossible&quote; wholesale review deadline

London brokers lobby FCA to relax "impossible" wholesale review deadline

The largest London Market wholesale brokers are lobbying the U.K regulator to ease the deadline to respond to a detailed scrutiny of practices relating to market facilities, commission arrangements and relationships with (re)insurers.

FCA issues RFIs to London brokers following wholesale review

UK regulator, The Financial Conduct Authority (FCA), has yesterday (4 December) issued a request for information (RFI) to brokers across the London market as it progresses with its study into how competition is working in the London wholesale market, Reinsurance can reveal.

FCA issues RFIs to London brokers following wholesale review

Towergate and Price Forbes owner sinks to £100mn 9-month loss

The acquisitive owner of London market wholesaler Price Forbes and UK retail intermediary Towergate has seen its pre-tax losses rise to £98.5mn for the first nine months of 2017 and net debt more than double to £747mn after another busy year of M&A.

UK regulator puts broker facilities and tying under spotlight

The Financial Conduct Authority (FCA) has begun a wide-ranging study into broker activities in the London wholesale market following concerns that “larger brokers may be using their market power” to oblige (re)insurers to sign up to facilities or pay for additional services in exchange for seeing business.

MMC CEO: “Hard markets tend to be pretty swift”

MMC published its third quarter results today (26 October) but beyond the numbers the senior management of the broking powerhouse spent a lot of time tackling analysts’ questions on the state of the (re)insurance markets following the circa $100bn of 3Q cat losses.

Esser continues AFL build out with senior Lockton hire

AFL Insurance Brokers Ltd (AFL), the minnow Lloyd’s broker that was recently acquired by former Cooper Gay CEO Toby Esser, is continuing its recent build out with the hire of Lockton broker Neil Crouch.

Integro close to acquiring London market broker Tysers

Integro, the New-York headquartered broker formed by the late Bob Clements in 2005, is in advanced stages to acquire the independent London market broker Tysers.

Fryer's delight

Did Angerstein spy fist-pumping over at Aon Benfield following the news this week that Charlie Fry has joined insurance powerhouse AIG see story to lead its reinsurance buying?

Ed on the front foot one-year on

Lightyear Capital owned wholesaler Ed is celebrating its first year following its bold rebrand at the Monte Carlo Rendez-Vous last year and CEO Steve Hearn told Reinsurance Magazine that the broker is now “on the front foot” as it continues to attract talent and compete for new business without the legacies of its past.

Industry must seize the chance to shine

The combination of natural disasters in recent weeks has provided the reinsurance market with the chance to prove itself to its customers according to JLT Re.

Momentum building says WTW CEO as results remain static

Willis Towers Watson CEO John Haley said the firm was building momentum as it delivered a flat level of revenues in the second quarter of the year.

Guy Carpenter announces Asia Pacific senior leadership team

Guy Carpenter has announced two major appointments to lead its drive in Asia.

Aon Benfield stands out despite share price dip

Aon Benfield was the star performer in Aon Corp’s operating businesses posting a 7 percent organic growth rate for the third quarter taking revenues to $355mn.

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Broking

Ed hires Clarkson-led marine team

Marsh promotes Paul Moody to CEO of UK Specialties

JLT’s Chairman runs risk of falling foul to corporate governance reform

Enderby to leave Marsh in London efficiency drive

Putting a price on Price Forbes

Fierce rate resistance from brokers ahead of 1.1 renewals

London brokers lobby FCA to relax "impossible" wholesale review deadline

FCA issues RFIs to London brokers following wholesale review

FCA issues RFIs to London brokers following wholesale review

Towergate and Price Forbes owner sinks to £100mn 9-month loss

UK regulator puts broker facilities and tying under spotlight

MMC CEO: “Hard markets tend to be pretty swift”

Esser continues AFL build out with senior Lockton hire

Integro close to acquiring London market broker Tysers

Fryer's delight

Ed on the front foot one-year on

Industry must seize the chance to shine

Momentum building says WTW CEO as results remain static

Guy Carpenter announces Asia Pacific senior leadership team

Aon Benfield stands out despite share price dip