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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

United States People moves

Marsh launches Cyber Echo Encore facility

Broker adds London company market capacity to enhance its original Lloyd’s-backed Cyber Echo facility

London Cyber

Africa Specialty Risks approved for Morocco service company

Approval gives brokers in Morocco and north-west Africa direct access to Lloyd’s capacity

Middle East and Africa Morocco

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

International Climate change

Andrew George named Marsh Specialty president

Broking giant elevates global head of its energy and power practice 

London Specialty

Dual UK launches climate risk and resilience team

New team aims to introduce insurance products designed to help businesses navigate decarbonisation and sustainability challenges

Europe United Kingdom

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

United States Broker

Lockton Re names Meyer head of specialty

Meyer joins broker from Gallagher Re, where he was managing director of specialty

London 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

London Lloyds

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

London People moves

Gallagher strikes $1.2bn deal for Woodruff Sawyer

San Francisco-based business primarily caters to middle-market and large clients

United States Mergers and Acquisitions

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

Europe Reinsurance
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