Brokers
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Aviation insurance supply plentiful but challenging conditions loom
Aviation insurance supply remains plentiful but more challenging conditions might emerge as 2025 progresses, according to WTW. In its Airline…
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Lockton appoints UAE CEO for retail insurance operations
Adeeb Al Naser has been appointed by Lockton to the role of United Arab Emirates CEO for its retail insurance…
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Aon in co-broking agreement with US broker Protecdiv
Aon has entered into a co-broking agreement with US minority-owned enterprise broker Protecdiv to enhance service offerings to US-based public…
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McGill and Partners launches AI agent with ‘transformational’ potential
London-headquartered specialty insurance and reinsurance broker McGill and Partners has launched its own AI agent, integrated into the firm’s proprietary…
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Miller’s revenues up 13% last year
Miller has posted record results for 2024, with revenues up 13% to £271m almost entirely driven by 12% organic growth.…
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Aon hires COO for France and Iberia from AXA XL
Aon has announced Enrique López will join the group from AXA XL as chief operating officer for Aon in France,…
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Global cyber market stabilises with some softening, says Guy Carpenter
The global cyber market has stabilised while experiencing modest softening in certain areas, following very large compound rate increases in…
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California wildfire protection gap requires regulatory reform: Howden Re
The only viable path to restoring much-needed insurance market stability for California following the Los Angeles wildfires includes accelerated adoption…
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McGill increases onshore renewables capacity for digital auto-follow facility
Specialty (re)insurance broker McGill and Partners has expanded its fully digital, auto-follow facility Auton to include additional, market-leading capacity for…
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Softening market for financial institutions to continue, says Gallagher
The global financial institutions insurance market remained buoyant for policyholders during 2024, despite several well-publicised global and national economic headwinds,…
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New parametric insurance solution for US coastal storm surge
A new parametric insurance solution designed to address and mitigate losses from hurricane-related storm surge along the coast of the…
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Asian risk managers enjoy falling rates across major product lines
Insurance rates in Asia declined 3% in the fourth quarter of 2024 with reductions across all major lines, according to…
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New global head of alternative risk transfer at Willis
Derrick Easton has been appointed as the new global head of alternative risk transfer (ART) and head of Western Europe…
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Howden’s revenue passes £3bn in 2024
Howden reported a 23% increase in revenue to break through the £3bn mark last year, with organic revenues up 15%,…
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WTW reports higher revenue as market continues to stabilise
WTW revenues rose 5% last year to $9.93bn and by 4% to $3.04bn in Q4, when most lines showed positive…
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Gallagher Bassett bolsters Singapore position via WKW acquisition
Gallagher Bassett (GB), a subsidiary of US broker Arthur J. Gallagher & Co, has acquired leading marine and transit claims…
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WTW highlights need for enhanced risk modelling for nat cats
Natural catastrophes continued to put a strain on global insurance markets in the second half of 2024, with the insurance…
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Brokerslink adds Dutch broker Wannet to network
Broking network Brokerslink has added Dutch broker Wannet Sports Insurance as a new affiliate. Based in Arnhem, the underwriting agency…
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New head of risk & broking, North America at WTW
Pat Donnelly has been appointed as the new head of risk & broking, North America at WTW. He will be…
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Aon’s revenues increase 17% in 2024
Aon saw its revenue increase 17% last year to $15.7bn, helped by a rise of 23% in the final quarter…