Brokers & Distribution
Brokers provide a vital cog in the global specialty re/insurance marketplace, with their role continuingly evolving beyond a mechanism simply to place business. The advisory services provided by brokers now form a critical part of their value offering. The broking landscape is also shifting with major merger and acquisition activity creating opportunities for growing firms to expand in core markets and attract staff who have been displaced in the fallout from major deals.
Aon eyes NFP acquisition pipeline as $13bn deal closes
Purchase of US middle-market specialist will support organic and inorganic growth opportunities, Aon chief executive Greg Case says
Aon organic growth slows in Q1
Corporate Risk Solutions books organic growth of 3% in the quarter, down from 6% a year earlier, amid ‘pressured’ US performance
Transfer fraud and email compromise biggest source of cyber claims: Coalition
Ransomware accounted for just 19% of reported claims in 2023, cyber MGA says
Gallagher books 9.4% organic growth in Q1
US broking and consulting group’s first-quarter net earnings rise one-quarter to $608m
WTW risk and broking reports 8% organic growth
Revenues in global broker's risk and broking segment climb to $978m in the first quarter, lifted by growth in Corporate Risk & Broking division
WTW hires Lombardo to chair NA real estate
Global broking group hires Danielle Lombardo from Lockton to oversee development of real estate, hospitality and leisure practice
Fidelis Partnership hires Somerville as head of ceded re
Bermuda-based MGU appoints Douglas Somerville from Howden Re to oversee capacity and ceded reinsurance
North America intermediary M&A activity slumps 18% in Q1
Activity slows to lowest level since the height of the Covid-19 pandemic, report finds
CFC launches renewable energy M&A team
New team will focus on underwriting specific transaction risks associated with renewable energy projects
Aon to close NFP acquisition this week
Aon’s $13.4bn acquisition of US broking group NFP to close far sooner than expected
Brown & Brown posts Q1 organic revenue growth of 8.6%
US broking group's net earnings climb 24% to $293m in first quarter
Marsh reports 8% underlying growth in Q1
Corporate broking arm of Marsh McLennan booked revenues of $3bn in the first quarter, with growth in all geographic segments
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