All Broking articles
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NewsPIB makes sixth acquisition in Ireland with swoop for Sullivan Insurances
Private equity-backed broker consolidator PIB Group has continued to build out its footprint in Ireland with the acquisition of Sullivan Insurances.
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Epic bolsters Pennsylvania presence with four new producer hires
Epic Insurance Brokers & Consultants has strengthened its foothold in Pennsylvania with the hire of four new producers in the Keystone State.
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Aon Reinsurance Solutions names Toffanello as Italy head
Aon Reinsurance Solutions has appointed former Guy Carpenter and Gen Re executive Pietro Toffanello as head of Italy, with the new hire succeeding Gianluca Venturini in the role.
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Ed’s Baird resurfaces at expansive Consilium
The former director of Ed Broking’s special risks group James Baird has re-emerged in a senior leadership role at expansive international specialty wholesale (re)insurance broker Consilium.
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WTW hires Epic duo as client advocates
WTW has hired US West Coast-based duo Elizabeth Carabas and Jennifer Wheeler as global client advocates, with both joining from Epic Insurance Brokers & Consultants.
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NFP adds to specialty marine and energy practice with Debenport hire
NFP’s marine and energy practice has strengthened its roster with the addition of James Debenport from Select Risk Services.
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Brokerslink bolsters Caribbean presence with PRFC addition
The Brokerslink network has strengthened its capabilities in the Caribbean after Trinidad and Tobago’s PRFC Limited became the latest addition to the group.
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MNK Re names Oluoch chief exec for new Kenya and East Africa office
Specialist Lloyd’s broker MNK Re has appointed Steven Oluoch as chief executive of its newly opened Kenya and East Africa office.
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UK broker Clear Group closing in on possible ~£270mn sale
Acquisitive UK broker Clear Group is close to finalising the outcome of a sale process that has attracted significant interest, after recently narrowing its suitors down to a pair of private equity houses and two potential strategic buyers, The Insurer can reveal.
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CAC Specialty hires Marsh’s Levitt in private equity EVP role
CAC Specialty has added to its private equity team by hiring Gabe Levitt as executive vice president, with the former Marsh broker focused on expanding west coast business.
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NFP continues Canada expansion as Allianz’s Stewart joins to lead surety
NFP’s build out in Canada has continued with the broker bringing in John Stewart to lead its surety practice, with the new hire arriving from Allianz Trade’s North American offering.
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Aquiline-backed Relation buys California-based G2
Relation Insurance Services has acquired the assets of G2 Insurance Services, which specialises in areas including nonprofit organizations, high-net-worth individuals, family offices and wealth advisory, commercial real estate, equine and agribusiness.
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Steadfast co-founder Kelly recognised in Queen’s Birthday Honours
Steadfast Group co-founder and CEO Robert Kelly has been appointed a Member of the Order of Australia (AM) in the Queen’s Birthday Honours list with the executive recognised “for significant service to the insurance sector, and to the community”.
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Expansive PIB acquires Irish broker Fingal
Private equity-backed broker consolidator PIB Group has continued its European build-out with the acquisition of Fingal Insurance Group.
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Gallagher sued by housing association over coverage dispute
UK housing provider Paradigm Housing Group has launched a legal claim in London accusing insurance broker Arthur J Gallagher of leaving it without coverage for an apartment building for a crucial period in 2020, when a storm damaged the property.
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Alera strengthens workers’ comp offering with Compensation Works acquisition
Private equity-supported broker consolidator Alera Group has added to its workers’ compensation capabilities with the acquisition of Compensation Works.
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Acrisure acquires tech-enabled agency QuickInsured
Acrisure has acquired QuickInsured in a deal which the expansive US broking consolidator said will drive further revenue growth through the tech-enabled insurance agency’s digital platform.
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Canadian broker Axis acquires BMG Aviation
Canadian independent broker Axis Insurance Managers has acquired aviation and aerospace specialist BMG Aviation Ltd.
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Warburg-backed Foundation Risk set to launch recapitalization process
Expansive private equity-backed retail broker Foundation Risk Partners is set to go to market to recapitalize, having formally hired Barclays to run a process that is expected to reach a conclusion in the second half of this year, The Insurer can reveal.
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Gallagher: Commercial auto rates continue to rise as umbrella/excess and GL pricing moderates
Commercial auto rate increases remain on the rise as underwriters respond to ever-growing jury awards and social inflation-fuelled catastrophic claims, while general liability (GL) and umbrella/excess pricing continues upwards, albeit to a lesser degree, according to Arthur J Gallagher.
