Brokers
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Abundant energy sector capacity could see price softening in 2024
Market capacity across the whole energy sector remains abundant, despite the significant loss activity across the sector in the last…
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Ardonagh Specialty’s CEO joins Brokerslink board
Brokerslink has appointed Antony Erotocritou as a new board director representing London-based Ardonagh Specialty. Brokerslink said the move reinforces the…
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Specialty broker Consilium books 35% growth and targets further expansion
Specialty broker Consilium has reported 35% growth in revenue for the year ending June 2023, booking gross written premiums of…
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Brokers Tysers and H.W. Wood fined for Ecuador bribery by US DOJ
The US Department of Justice (DOJ) has fined UK-based reinsurance brokers Tysers and H.W. Wood for paying bribes to Ecuadorian…
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Favourable market conditions for financial institutions into 2024
Insurance market conditions will continue to be favourable for financial institutions for the remainder of 2023 and into the first…
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Asia sees modest price increases amid growing demand for ART
Demand for alternative risk transfer solutions has increased in Asia according to Aon, which said it has seen a growing…
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Overcapacity likely to accelerate airline insurance sector softening
While insurers try to hold some pricing resolve for the airline insurance sector, over capacity exists for many risks and…
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Howden hires Bayon de La Tour to head international cyber growth
Howden has appointed Jean Bayon de La Tour from Marsh as its new international head of cyber. Bayon de La…
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WTW launches global excess D&O facility
WTW has launched a global excess D&O facility that offers up to $80m in limit and “enhanced” covers. The broker…
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WTW expands global crisis management unit
WTW has expanded its crisis management unit with the addition of two additional operation centres in Houston, US and Sydney,…
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Irish broker Arachas joins Brokerslink as affiliate
Brokerslink has added Ireland’s largest nationwide insurance broker, Arachas, to its network as an affiliate. In 2020, Arachas joined the…
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Howden Tiger targets MGA growth in Europe with Bertagna hire
Howden Tiger said it is targeting “rapid expansion” of its European MGA business as it announced the appointment of Enrico…
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Arthur J Gallagher expands in Ireland with Keaney buy
Arthur J Gallagher has acquired Irish commercial insurance broker Keaney Insurance Brokers for an undisclosed sum. Managing director Terry Keaney…
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Miller strengthens mutual marine team with Bisbas hire
Specialist reinsurance broker Miller has appointed Andreas Bisbas as chairman of marine mutual reinsurance and head of mutual war within…
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Marsh appoints new global head of placement
John Donnelly has been appointed global head of placement at Marsh, effective 1 January 2024. In this role, he will…
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Global programmes and the current market environment in Europe
Global Risk Manager spoke to Rory MacLeay, international leader, Marsh Multinational, about the current environment for European multinational companies and…
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McGill launches corporate insolvency coverage solution
A new coverage solution for corporate insolvency has been launched by McGill and Partners. The specialist (re)insurance broker has launched SAIFElimits, a…
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New head of financial lines in Asia for Miller
William Seccombe has been appointed to lead Miller’s financial lines business in Asia. Miller said he will focus on building out…
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Verlingue rebrands London market unit for growth
Lloyd’s and London market broker NBJ London Markets has been rebranded as Verlingue London Markets as it also takes on…
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Contacto acquisition sees Howden enter Peruvian insurance market
Howden has entered the Peruvian insurance market with the acquisition of Contacto Corredores de Seguros, a leading insurance broker in…