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.
McGill launches digital auto-follow broker facility
Led by Beazley's Smart Tracker syndicate, the Auton facility offers access to up to 20% capacity across multiple lines of business
WTW confirms re-entry into treaty reinsurance broking
Joint venture with investment firm Bain Capital will ‘balance strategic flexibility and capital efficiency’, broker's chief executive says
Gallagher makes acquisitions in UK and Australia
US broking group acquires Caytons Law and Hann Insurance Brokers
Aon expands Client Treaty facility
Global broker secures three new capacity providers to flagship facility, which will now offer 28.5% co-insurance across core lines of business
Miller expands marine team with Pierpoint hire
Broker hires British Marine executive Pierpoint to drive North America growth
Aon to acquire in-house agency of Mitsubishi Chemical
Global broker looks to broaden footprint in the Japanese market
Managing general agents are extending their reach
Firms should ‘stay resilient’ to their underwriting principles when facing a reducing rating adequacy environment, Managing General Agents' Association chief executive says
Gallagher acquires THB Chile
Fast-growing US broker expands footprint in Chile with deal for retail intermediary
CrowdStrike ‘drives surge in demand for system outage cover’
The cyber market is failing to provide adequate coverage for system outage incidents, with many businesses unknowingly underinsured, Parametrix chief executive says
Guy Carp to acquire remaining stake in Greek joint venture
Carpenter Turner will be rebranded as Guy Carpenter Greece
UIB opens Nepal office
Representative office represents 'major milestone' in broking group's Asia growth strategy
Marsh McLennan closes $7.75bn acquisition of McGriff
Acquisition expands the group’s Marsh McLennan Agency unit
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