Broking/Distribution
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NewsAlliant adds to marine and energy team with Marsh’s Guerrero
Alliant Insurance Services has bolstered its marine and energy team with the hire of Jessie Guerrero from Marsh.
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Patriot raises additional capital as Morgan Stanley joins backers
US retail broker consolidator Patriot Growth Insurance Services has closed on a new round of financing, with the raise co-led by existing lenders Barings Global Private Finance and Antares Capital and including new participant Morgan Stanley Private Credit.
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Aon promotes O’Neill to US marine practice leader
Aon has announced the promotion of Patrick O’Neill to US marine practice leader, assuming the role from Bill Penn who has been appointed chairman of the platform.
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GRP acquires construction specialist Five Insurance
UK broker consolidator Global Risk Partners (GRP) has acquired construction insurance specialist Five Insurance Brokers.
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NFP continues Canada recruitment drive with WTW’s Pira
NFP has continued its recent spate of hires in Canada with the addition of Imran Pira from Willis Towers Watson to lead its management and professional liability solutions offerings in the country, The Insurer can reveal.
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Sturdy buys back SSL from Oneglobal
Andrew Sturdy has acquired the entire share capital of SSL Insurance Brokers Ltd – the marine-focused intermediary he founded – from Oneglobal just under three years after he sold the firm to private equity house JC Flowers.
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Lebecq to leave LMG to join SRG
Clare Lebecq is to leave her role as CEO of the London Market Group to join HGGC-backed Specialist Risk Group.
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Price Forbes adds four to aviation practice
Ardonagh-owned Price Forbes has swooped on rivals Ed Broking, KM Dastur and Marsh to make four hires to its global aviation practice.
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Aston Lark adds £50mn in premium income with duo of broker buys
Goldman Sachs-backed broker Aston Lark has agreed terms to acquire healthcare brokers Right to Health Ltd and The Health Insurance Specialists.
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Brown & Brown names Nester as chief information officer
Brown Brown has promoted Gray Nester to chief information officer (CIO), effective immediately.
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GRP acquires Marsh’s UK Networks to take GWP to £1.6bn
UK broker consolidator Global Risk Partners has continued its recent run of M A activity with the acquisition of Marsh’s UK Networks business, a deal that will take the Searchlight Capital-backed firm’s gross written premium to over £1.6bn ($2.2bn).
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EU drops antitrust probe into aviation brokers
European regulators have closed an antitrust investigation into six insurance brokers active in the aviation and aerospace (re)insurance sector, citing priority reasons.
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Aon wins Australian terror pool account from rival GC
Aon has replaced rival Guy Carpenter as the sole intermediary on the industry’s second largest global terrorism pool reinsurance placement, The Insurer can reveal.
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Ardonagh enters Australia with Resilium acquisition
Broker consolidator Ardonagh Group has continued its recent run of M A deals with the acquisition of Resilium, Australia’s largest independently owned broker network.
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New broker Fenchurch and Partners launches
David Price, the former divisional director of US delegated authority specialist Endeavour, has launched a new Lloyd’s broker.
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Miller takeover clears European Commission review
The takeover of London-headquartered Miller by private equity house Cinven and Singapore’s sovereign wealth fund GIC has been approved by the European Commission (EC) under the EU Merger Regulation.
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Former RFIB CEO Beard named executive director at Corant
Corant Global – the rebranded BGC Insurance (BGCI) – has confirmed the addition of former RFIB CEO Steven Beard.
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XPT hires excess transportation broker Robles from Crouse
US specialty distribution platform XPT Partners has hired excess transportation specialist Alex Robles as vice president and senior broker, with the new hire joining from Crouse and Associates Insurance Brokers.
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Heffernan buys Bay Area commercial P&C broker Micor
Heffernan Insurance Brokers has expanded its presence in the Bay Area with the acquisition of San Jose-based Micor Insurance Brokers, which specialises in commercial property casualty business.
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Jensten Group expands in mid-market with Packetts deal; eyes £500mn GWP
Private equity-backed Jensten Group – formally Coversure Insurance Services – has boosted its UK mid-market offering with the purchase of commercial broker Sydney Packett Sons (Packetts).
