Brokers
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Brokers and insureds experiencing hard market fatigue, US survey finds
Brokers and insureds have experienced hard market “fatigue”, with continued increases in rates at the same time as lower limits…
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Gallagher reports 26% jump in Q2 revenue and warns reinsurance hardening will impact primary rates
Arthur J Gallagher said reinsurance market hardening will show in primary pricing as it reported $2.01bn total revenue for the…
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WTW posts higher Q2 organic growth, sharply lower profit
WTW reported second-quarter revenue of $2.03bn, down 3% from $2.09bn in the prior-year period but up 3% on an organic…
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Capacity growing in London market but underwriters maintaining discipline, says Miller
Increased risk capital is being deployed by both existing and new underwriting businesses in the London market, according to Miller’s…
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Broker consolidation dominates European insurance market M&A
The volume of insurance M&A deals across Europe rose by 26% from 85 to 110 in the second quarter of…
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Tipping point approaching as rates plateau for London market construction sector, says Miller
The London market construction sector is seeing a plateauing of rates, which Miller suggests means a tipping point in the…
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Aviation insurance market softens as competition increases, says WTW
The aviation insurance market is continuing to soften as a result of new market entrants, increased appetite from existing insurers…
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BMS Re enters Mexican surety market with Calomex acquisition
BMS Re has acquired Calomex, a Mexico City-based specialist reinsurance broker. BMS Re said the move sees it enter the…
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Above-average H1 global insured nat cat losses of $39bn to drive challenging renewals: Aon
Persistent severe convective storm (SCS) activity, predominantly in the US and Europe, has driven an 18% increase in global insured…
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Worldwide Broker Network adds Croatian and Dutch members
The Worldwide Broker Network (WBN) has added three new members to its network, including two Croatian brokers, Risk Solution Broker…
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US broker acquisitions keep rolling in H1
Mergers and acquisitions involving insurance agents and brokers rose to 427 in the first half of 2022, a 16% increase…
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Corporate travel insurance premiums increase by up to 300% in Australia
Australian broker Honan has warned that corporate travel insurance premiums are increasing by up to 300% as insurers seek to…
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Lloyd’s faces challenges despite return to profitability, says Gallagher Re report
Lloyd’s may have delivered a marked return to profitability in 2021, but it still faces a number of internal and…
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WTW appoints Aon duo to lead business in France
WTW has raided rival Aon to name Laurent Belhout as its new head of France and André Lavallée as head…
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Court bars Alliant brokers from soliciting former WTW clients
A US federal judge in North Carolina has issued a preliminary injunction against a group of former WTW surety brokers…
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Aon faces US lawsuits over cyberattack
Two putative US class action lawsuits have been filed against Aon, alleging the brokerage was hacked between December 2020 and…
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Brokerslink expands global network in Africa with four new affiliates
Brokerslink has added four new independent broking affiliates in Africa – from Burkina Faso, Gabon, Sierra Leone and Niger –…
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Howden acquires New Zealand broker Wallace McLean
Howden has acquired Wallace McLean, a New Zealand broker based in Auckland. Howden said the move “further strengthens its local…
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Ardonagh snaps up leading Dutch broker Léons Group
Ardonagh Europe is buying family-owned Netherlands broker Léons Group for an undisclosed fee. Léons Group is headquartered in Amsterdam and…
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German broker MRH Trowe boosts footprint with three buys
German commercial lines broker MRH Trowe has acquired two local brokers, WRV and Lech Assekuranz, and taken a controlling stake…