Alesco adds two partners to energy unitLloyd’s broker Alesco has hired Alison Schwab and Mark Smith as partners for its energy division, the company announced today (29 January).
Gallagher’s sees 6.8% organic growth in broking revenuesAcquisitive international broking house Arthur J Gallagher reported fourth quarter organic broking revenues that had climbed 6.8 percent compared to the final three months of 2016.
London market broker SSL in exclusive sale talksThe independent London market marine broker SSL has entered into a new set of exclusive takeover talks with a private equity firm that - if successful - will lock in co-founder Andrew Sturdy and his colleagues for a minimum of three years, Reinsurance can reveal.
Brown & Brown tops estimates as organic growth climbs 9.3%US broker Brown & Brown got the ball rolling on the fourth quarter reporting season with an estimate-topping set of results led by 9.3 percent rise in organic revenue.
Guy Carpenter’s RoL index up 6.1 percent2017 losses and additional exposures added to treaties have fuelled a 6.1 percent increase in the Guy Carpenter rate on line (ROL) index for global catastrophe premiums.
Reinsurers face further test at Spring renewals: Guy CarpThe reinsurance market will face another test in the Spring when programs worst hit by last year’s catastrophes renew, Guy Carpenter has said.
AmWins boss DeCarlo to step downAmWins CEO Steven DeCarlo is set to exit his role in May to be replaced at the helm by the wholesale broking giant’s current chief operating officer (COO) Scott Purviance.
JLT Re hires Aon Benfield’s Fox as Asia-Pac chiefBroker JLT Re has named Jeremy Fox as its new CEO for the Asia Pacific region, replacing outgoing head Stuart Beatty.
Hyperion earnings climb by almost a quarter to £152mnHyperion, which owns Howden, RKH and Dual, saw profits climb by 24 percent to £152mn ($205.4mn) in the 12 months leading up to the end of September last year.
Lucy Clarke named Global CEO of JLT SpecialtyJLT has appointed Lucy Clarke as Global CEO of JLT Specialty. The remit of this new role covers all of JLT’s business activities with the exception of reinsurance broking and employee benefits.
Acrisure eyeing international retail play after Beach dealAcrisure is looking to expand its retail broking business beyond its US heartland after acquiring (re)insurance broker Beach & Associates.
Beach sale continues US-London M&A trendUS retailer Acrisure has sealed a deal to acquire (re)insurance broker Beach & Associates from Jeff Greenberg’s private equity house Aquiline.
1.1 rates hike trend will be short lived: Aon BenfieldThe 1 January renewals saw reinsurance pricing move up for lines and territories worst hit by last year’s catastrophes but those rate hikes are likely to be short lived, Aon Benfield has predicted today (8 January).
eReinsure to Offer Blockchain Placement ServiceOnline broker eReinsure.com is gearing up to launch a new blockchain service to its reinsurance platform in the coming months on the back of growing client demand, the company announced today (8th January).
Brokers split on rate hikes at 1.1Divides have begun to emerge on rate movements across the market as brokers took it in turns last week to publish their take on 1 January renewals.
Ed hires Clarkson-led marine teamHeather Clarkson, a senior London market Aon marine executive, joins the private equity backed wholesaler Ed in early 2018 to become the managing director of the broker’s marine practice, Reinsurance can reveal.
Marsh promotes Paul Moody to CEO of UK SpecialtiesMarsh has appointed Paul Moody to be CEO of its UK Specialties Division.
JLT’s Chairman runs risk of falling foul to corporate governance reformJLT is at risk of falling foul of reforms aimed at improving accountability of the largest companies in the UK.
Enderby to leave Marsh in London efficiency driveDominic Enderby, Marsh’s Marine UK Placement Leader, is one of the most prominent market figures likely to leave the broking giant following a recent restructuring, Reinsurance understands.
Putting a price on Price ForbesRecent minority share sale - perhaps by departing founder Michael Donegan - implies valuation as high as £183mn