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.
Brown & Brown to acquire Occam Underwriting
US broking group strikes deal for London-based specialist managing general agent
Miller establishes Apac treaty reinsurance team
Broker hires Lockton Re executive Richard Broad to support reinsurance expansion across the region
Gallagher to acquire Eastern Insurance for $510m
Acquisitive broker strikes deal for third-largest US bank-affiliated insurance intermediary
SiriusPoint forms partnership with Swedish marine MGA
Partnership with Nordic Marine Insurance will initially focus on writing hull and machinery, yacht owners’ charter cancellation and marine delay business
Hub closes minority investment from Leonard Green
Chicago-based broking firm valued at $23bn
RT Specialty promotes Mitchell to president of workers' comp
Mitchell has served as RT Specialty executive vice-president for three years
Miller launches leasing practice in Europe
Broker hires Aon’s Castanier to develop new offering as part of European expansion
Lockton Re launches mortgage and credit segment
Practice will be co-led by Sean Hannah and Joe Koebele
Pro MGA sees 2024 as year of territorial expansion
Independent MGA incubator and programme platform now has $1bn of gross written premium under management
ReFlex set to invest in London broker
Venture aims to ‘redefine’ the distribution infrastructure from US and international markets into London
KKR invests another $1bn in USI Insurance Services
Investment giant becomes largest shareholder in US broking firm
Connect Underwriting launches casualty and cyber MGA
Launch of Stability Risk will allow Connect to focus on core business
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