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 president Andersen steps down
Andersen has served as sole president at the global broker since March 2020
Marsh launches Cyber Echo Encore facility
Broker adds London company market capacity to enhance its original Lloyd’s-backed Cyber Echo facility
Africa Specialty Risks approved for Morocco service company
Approval gives brokers in Morocco and north-west Africa direct access to Lloyd’s capacity
Contingent risk capital will drive climate finance: Howden’s Douglas
‘Insurability will be seen as the sharp end of the spear in terms of financial viability and long-term value,’ Howden’s chief executive of climate risk and resilience, Rowan Douglas, says
Andrew George named Marsh Specialty president
Broking giant elevates global head of its energy and power practice
Dual UK launches climate risk and resilience team
New team aims to introduce insurance products designed to help businesses navigate decarbonisation and sustainability challenges
Gallagher’s AssuredPartners acquisition delayed by regulatory inquiry
Broking group’s $13.5bn acquisition of Florida-based firm now expected to close during the second half of the year
Lockton Re names Meyer head of specialty
Meyer joins broker from Gallagher Re, where he was managing director of specialty
Lloyd’s insurers turn to portfolio underwriting amid facilities boom
The traditional follow market at Lloyd’s will continue to shrink amid rapid growth in new approaches to writing follow business, market participants predict
Miller launches M&A and strategic solutions team in London
Broker launches team in response to increased deal activity and expansion of tax and contingent risk insurance in the global market
Gallagher strikes $1.2bn deal for Woodruff Sawyer
San Francisco-based business primarily caters to middle-market and large clients
Miller hires Scor’s Foucart as it continues reinsurance build-out
Broker appoints Vincent Foucart as managing director in its reinsurance practice to drives European growth
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