AJ Gallagher sees organic revenues grow 5.9% in Q2Organic revenues in Arthur J Gallagher’s broking division climbed by 5.9 percent in the second quarter as the company’s CEO pointed to rate increases across almost all lines.
Marsh’s $55mn restructuring costs eat into Q2 profitsMarsh & McLennan Companies has unveiled a $55mn bill for “restructuring” costs in its second quarter results, after making swathes of people redundant in an efficiency drive, first revealed by this publication in March.
JLT’s organic revenues grow 4% as 'transformation' costs dent profitsBroker JLT reported organic revenue growth of 4 percent in the first six months of the year, while the cost of a £45mn “global transformation programme” ate into profits for the period.
Hyperion CFO Corbett heads for the exitThe finance boss of Hyperion, which owns brokers Howden and RKH as well as managing general agent Dual, has stepped down.
Brown & Brown’s organic revenues climb 5.2 percent in Q2Acquisitive US broking group Brown & Brown reported second quarter organic revenues revenues that climbed 5.2 percent.
Willis bolster France fac teamGras Savoye, France’s largest insurance broker, has unveiled a dedicated three-strong facultative team, the firm’s parent Willis Towers Watson announced today (23 July).
Pioneer strengthens property cat team with BMS hireManaging general agent Pioneer has has hired James Sharpington from broking house BMS.
Capsicum takes Tysers trio to launch professional liability unitBroking house Capsicum has taken a three-strong professional liability team from London wholesaler Tysers.
Guy Carp hires Willis Re’s structured risk specialist CarrollStructured reinsurance risk specialist Ronnie Carroll has resigned from Willis Re and will join rival Guy Carpenter once his notice period is complete, re-Insurance.com can reveal.
Haley to stay at Willis until 2021Willis Towers Watson has extended the contract of its chief exec John Haley who will now stay on until 1 January 2021.
Miller taps Curtin to lead energy constructionMiller has taken advantage of the swathe of redundancies at Marsh by hiring its larger rival’s former head of energy construction business Ian Curtin.
Borges named THB Europe boss as Lindeboom retiresAmWins-owned broking house THB has named Ricardo Borges managing director of its European operations amid a restructuring of the leadership team in Amsterdam.
JLT Re swoops on Guy Carp for North America head of credit and suretyJLT Re has appointed Scott MacColl as head of credit and surety for North America.
JLT Re questions credibility of risk modellersJLT Re has reiterated its scepticism of risk modelling firms and questioned the reliability of modelling tools in the wake of natural catastrophes.
Endeavour taps Howden's international director as CEOEndeavour has hired Karen Allen from Howden to take over as CEO of the broking house as it merges with marine broker SSL.
R-T Specialty’s ProExec hires LeggePat Ryan-owned wholesale broker R-T Specialty has hired Vanbridge co-founder Jonathan Legge to lead its transactional liability and private equity practices under the RT ProExec brand.
US cyber loss ratio shrinks in 2017 despite $275mn Merck lossDespite 2017 witnessing the industry’s largest ever insured cyber loss at $275mn, it was a banner year for US cyber underwriters with a combined ratio of only 61.4 percent and aggregate premiums climbing to at least $1.84bn.
Marsh puts circa 60 staff on notice in latest round of job cutsMarsh is telling around 60 London and international staff that they will be losing their jobs in another round of redundancies at the broking powerhouse, re-Insurance.com can reveal.
Price Forbes bolsters power team with trio of hiresWholesaler Price Forbes has grown its power, utilities and nuclear team with a trio of hires including former Marsh managing director Simon Howell, re-Insurance.com understands.