Brokers
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US broker M&A expected to rise after sluggish Q1
US insurance broker M&A is expected to remain robust this year, despite a slow first quarter amid macroeconomic challenges, according…
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Guy Carp buys Israeli reinsurance broker
Marsh McLennan subsidiary Guy Carpenter is to acquire Israel-based reinsurance broker Re Solutions. Terms of the transaction, which is expected…
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New regional managers for Brokerslink
Brokerslink has appointed three new regional managers for its network in Asia Pacific, Europe and the Middle East. The three…
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US broker Baldwin Risk Partners files poaching suit against rival Alliant
Units of US broker Baldwin Risk Partners (BRP) units have filed a poaching lawsuit against Alliant Insurance Services and a…
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Canadian P&C market stabilising with focus on risk quality
The Canadian property and casualty insurance market has stabilised, with increased competition and a more diversified appetite, says Aon, but…
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Divided aviation insurance market with rate increases but new capacity
The aviation insurance market is “somewhat divided” according to Marsh Specialty, noting that rate increases due to the ongoing geopolitical…
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Acrisure expands in Europe with Portugal buy
Broker Acrisure has expanded further into Europe with the acquisition of Portuguese broker Universalis. Acrisure said the acquisition is its…
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Leadership reshuffle at Howden as González returns to Spain
José Manuel González, CEO of Howden Broking Group, will retire from executive positions but remain with the group as special…
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Biba CEO to retire this year
CEO of the British Insurance Brokers’ Association (Biba) Steve White is retiring in the second half of this year, with…
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Strong market support for space insurance continues, says Gallagher
There is continued strong support for the space class in 2023, according to Gallagher, which notes that capacity has changed…
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WTW appoints ICT North America P&C practice leader
Charlie Carwin has been appointed as the North America property and casualty (P&C) practice leader, in WTW’s insurance consulting and…
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Lockton expands in Brazil with acquisition from Amwins
Lockton has expanded its Brazilian operations with the acquisition of THB Brazil, a full service (re)insurance broker, from Amwins for…
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Aviation market calm but tougher conditions expected in 2024
Aviation insurance rates are currently stable thanks to healthy market capacity but there is mounting pressure, and equilibrium this year…
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Europe braces for rise in liability costs
European companies should prepare to face a rise in litigation costs thanks to social inflation around liability claims. This was…
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Cautious optimism for North American insurance buyers, says WTW
There are signs of cautious optimism in the North American insurance market and while the economic outlook for 2023 remains…
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BMS buys Australian MGA Gard Insurance
BMS Group has acquired an Australian MGA in a move the broker said allows it to diversify its international operations. The…
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Aon reports 7% organic growth
Aon delivered 7% organic revenue growth in the first quarter, driven by strong results in its reinsurance business, and expects…
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New MD and global practice leader for Howden’s multinational client practice
Howden has appointed Morwenna Howell as managing director and global practice leader, of Howden multinational client practice. Howell will join…
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Q1 commercial insurance price increases in the Americas dominated by property
Commercial insurance pricing in the Americas increased again in the first quarter of 2023, according to the Marsh Global Insurance Market…
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WTW reports 4% revenue rise with income up 65%
WTW reported a slight first-quarter increase in revenue in its brokerage operations but a double-digit rise in organic revenue as…