Brokers
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Marsh posts ‘outstanding’ 2022 result on the back of hard market
John Doyle, president and CEO of Marsh McLennan, described 2022 as an “outstanding year” for the group, which reported net…
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Gallagher expects further rate increases as it reports revenue growth
Primary insurance rates will likely increase further in 2023 as the effect of higher year-end reinsurance costs filter through to…
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BMS appoints managing director of construction
Specialist insurance and reinsurance broker BMS has appointed Caroline Eyre as managing director of construction, effective April 2023. She joins BMS from…
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Insured losses of $132bn from naturals disasters in 2022
Insured losses from natural disasters amounted to $132bn in 2022, the fifth costliest year on record for insurers, according to Aon’s…
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Lockton opens Swedish office
Lockton is opening a new office in Stockholm, Sweden as it looks to expand in the Nordic region. The broker…
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Miller splits into international and UK divisions
Miller has reorganised its business into two divisions, Miller UK and Miller International, as part of a strategic re-alignment. Miller International…
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BIBA calls on FCA to lower record-high regulatory costs on UK brokers
UK broking association BIBA has called on the country’s financial regulator to lower the sector’s regulatory burden as it revealed…
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Revisit valuations and policy limits as inflation rises, says WTW
WTW has urged risk managers to revisit valuations and policy limits in order to mitigate against inflationary effects and ensure…
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Gallagher appoints head of strategic account management for large multinationals
Louise Piper has been appointed head of strategic account management at Gallagher, where she will be responsible for the management…
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Renewable energy insurance market to see price increases in 2023, says WTW
The insurance market for renewable energy in 2023 is likely to see single-digit increases in overall premium, driven by a…
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Accretive adopts CyberCube analytics to boost cyber advice
New wholesale and specialty insurance agency network Accretive Insurance Solutions said it will use CyberCube’s analytics to enhance its risk…
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Reinsurance renewal signals new reality for buyers, says Aon
The January 2023 renewal was the most challenging in a generation, as the reinsurance market underwent a fundamental shift in…
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New executive director for Howden CAP in Asia-Pacific
Christopher Evans has been appointed as executive director at Howden CAP. The broker said the move comes as the new…
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New head of Taiwan at WTW
Tony Yen has been appointed as head of Taiwan at WTW. He succeeds Charles Wang, who retired in December 2022.…
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Broker Consilium appoints co-CEO
(Re)insurance broker Consilium has appointed Paul Richards to lead the business as co-CEO alongside James Baird, who was appointed CEO…
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Miller appoints head of M&A to support continued growth ambitions
Claire Connolly has been appointed head of M&A at Miller. The broker said the move is part of its continued…
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Verlingue continues expansion with further deals in France
Expanding independent French corporate insurance broker Verlingue, a subsidiary of Adelaïde Group, has continued its growth strategy with two further…
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US casualty market more competitive, but property still challenging, says USI
Hurricane Ian shattered the hope for a swift return to a more stable insurance market environment in the US property…
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WTW merges Asia and Australasia operations into one Asia-Pacific region
WTW has combined its Asia and Australasia operations into one Asia-Pacific region from 1 January 2023. As part of the…
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Casini named Howden Italy CEO
Howden has appointed Aon’s Federico Casini as CEO in Italy. Casini has 30 years’ experience in the insurance industry, having…