SRG grows specialist offering with Morton insurance buyFast-growing broker Specialist Risk Group has acquired the ongoing renewal rights of Morton Insurance Brokers, a specialist intermediary focused on the UK private hire and taxi industries.
HCMA names Potter non-executive directorHowden Capital Markets & Advisory has appointed Des Potter as an independent non-executive director.
Steadfast organic growth accelerates to 12.5% in fiscal FY24Australian broker Steadfast Group has reported organic growth of 12.5 percent for its 2024 fiscal year, which helped drive a 22.7 percent year-on-year increase in earnings before interest, taxes and amortisation.
Inszone strengthens in PNW with Potter Insurance dealInszone Insurance Services has strengthened its foothold in the Pacific Northwest with the acquisition of Potter Insurance.
Aon partners with Future Climate to scale quality carbon projectsAon has unveiled a partnership with newly rebranded nonprofit Future Climate to encourage conservation financing for forest carbon projects in Brazil by harnessing insurance as a mark of project quality.
BMS names Canopius’ Pearce to lead mining practiceBMS Group has appointed Spencer Pearce as mining practice leader to expand the offering into new territories.
WTW names Hamilton international property directorWTW has appointed Gavin Hamilton as a director within its international property team.
Lockton Re unveils Lynn-led global agriculture practice in BermudaLockton Re has strengthened its Bermuda office with the appointment of Kristopher Lynn as senior broker and practice leader for its new global agriculture unit.
TWFG delivers organic growth of 13.8% and improves adj Ebitda margin to 20.2%Recently floated intermediary TWFG generated organic revenue growth of 13.8 percent in the second quarter as total revenue grew by 17.4 percent to $53.3mn, while total written premium increased 20.3 percent to $393.6mn.
LA-based retailer The Liberty Company adds Dyer as vice president, producerThe Liberty Company Insurance Brokers has appointed Pierce Dyer as vice president, producer, based in Seattle and operating from the Woodland Hills, CA office.
Root partners with Goosehead on quote delivery processInsurtech Root has penned a technology integration partnership with personal lines agency Goosehead Insurance to simplify the sales process for independent insurance agents.
Biba names Pen UK CEO Downey to succeed Manchester on MGA advisory boardThe British Insurance Brokers Association has announced that Pen Underwriting CEO Tom Downey will succeed Charles Manchester on the trade body’s network and MGAs advisory board.
WTW hires Besso Grimme duo for new German aviation unitWTW has swooped for two further aviation specialists from Ardonagh Specialty-owned Besso Grimme with the hires of executive directors Jan Schulze and Ralf Blechschmidt, The Insurer can reveal.
Lockton Re taps Guy Carpenter’s Ferrier for West Coast expansionLockton Re has bolstered its San Francisco office with the appointment of Andrew Ferrier as senior broker to oversee the build-out of the firm’s West Coast P&C business.
Miller bolsters A&H unit with SCR’s LombardiMiller has appointed Alessia Lombardi as an account executive in its accident and health unit.
Brokers: “Early signs” of RWI premium rates increasing from an all-time lowRepresentations and warranties insurance premium rates are at an all-time low but have stabilized at around 2-2.5 percent, Woodruff Sawyer has commented, while fellow broker CAC Specialty has suggested that there are “early signs of an increase”.
PCF acquires Las Vegas-based agency 360 InsurancePCF Insurance Services has acquired the insurance business of Las Vegas-based 360 Insurance, marking its fourth deal announced in the past month.
Alliant adds Hub’s Cormier as SVP within Americas divisionAlliant Insurance Services has appointed former Hub International vice president Todd Cormier as senior vice president in its Alliant Americas division.
Accession closes $1bn financing with Golub Capital to accelerate growthRisk Strategies and One80 Intermediaries parent Accession Risk Management Group has closed a $1bn financing that it says will further accelerate its “remarkable” growth trajectory both organically and through M&A, The Insurer can reveal.
Alliant launches commercial surety practice led by AguirreUS retail broker Alliant Insurance Services has launched a national platform serving the commercial surety space, led by senior vice president Orlando Aguirre.