Brokers
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Howden launches blended product for financial institutions
A blended insurance product for financial institutions that brings together professional indemnity, crime and cyber liability into one policy and…
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McGill and Partners’ leadership appointments in US operations
McGill and Partners has made a number of leadership appointments within its US operations. Karl Hennessy, who currently leads McGill and Partners’…
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US non-profit D&O cover tight but market expected to pick up
D&O coverage for most US nonprofit insureds is reduced and restricted, particularly for large organisations with significant numbers of employees,…
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Composite insurance pricing in Asia remains flat in 2Q 2023
Composite pricing in Asia was flat in the second quarter, compared to a 1% increase in the prior quarter, according…
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Global insurtech new funding falls 61.9%: Gallagher Re
New funding for the global insurtech sector dropped to $916.7m during the second quarter of 2023, down 61.9% from the…
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Public D&O pricing continues to fall – Aon
Rates for public D&O insurance have dropped for the fifth consecutive quarter, according to figures from Aon. In the second…
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Aon appoints chief broking officer for UK commercial risk solutions
Aon has named Graeme MacMillan as chief broking officer for commercial risk solutions in the UK. He will join the…
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Miller appoints head of Miller Europe
Specialist (re)insurance broker Miller has appointed Oscar Holloway as head of Miller Europe. Holloway will report to Mike Papworth, managing…
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Major cyber incident leads to 9% decrease in shareholder value
A major cyber incident resulted, on average, in a 9% decrease in shareholder value – over and above the market…
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Aon faces legal action over Vesttoo
Aon PLC disclosed in a stock market filing on Friday that clients are taking legal action against the brokerage over…
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Global commercial pricing still moderating except in property
Global commercial insurance rates continue to moderate, according to Marsh, but pricing is still increasing and property coverage remains challenging…
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BIBA bolsters executive board
The British Insurance Brokers’ Association (BIBA) has added two directors, including an inaugural regulation director, to its main board in…
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Aon reports 7% growth in revenue for second quarter
Aon has seen total revenue increase by $194m (7%) to $3.18bn for the second quarter of 2023, including organic revenue growth…
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New CEO of Marsh’s global managing general underwriting business
Charles Williamson has been appointed as CEO of Victor, Marsh’s global managing general underwriting business. He succeeds Brian Hanuschak, who…
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WTW posts higher revenue despite rate increases moderating
WTW reported second-quarter organic revenue growth of 7% despite rate increases having less of an impact than in the prior…
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Gallagher reports nearly 20% second-quarter revenue rise
Arthur J Gallagher reported $2.41bn in second-quarter revenue, up 19.8% over the same period last year, as the brokerage continued…
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New global entertainment industry division from Lloyd’s broker Tysers
Lloyd’s broker Tysers has launched a new global division dedicated to servicing the needs of the global entertainment industry. The new…
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Private-equity investors see growing opportunity in insurance
Bain Capital’s launch of a private-equity fund targeting the European and North American insurance market reflects continued investor interest in…
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Big increase in transactional risk claims notifications in 2022
There has been a substantial 25% increase in global claim notifications on transactional risk policies in 2022 but the expected…
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Howden buys Swiss aviation broker Hudson Sky
Howden has bought Swiss aviation broker Hudson Sky International for an undisclosed fee. Howden said the move is part of…