Broking/Distribution
-
NewsCAC adds WTW’s O’Leary to lead PE offering in Texas
CAC Specialty’s private equity team has hired Tom O’Leary in a business development role from WTW, with the new addition focused on building out the fast-growing broker’s book in Dallas and the broader Texas region.
-
News
AP-sponsored Accretive hires ECC’s Roth as wholesale head
AssuredPartners-backed Accretive Insurance Solutions has hired Rob Roth from ECC Insurance Brokers to lead its wholesale practice.
-
News
NFP unveils Canadian executive leadership team to support growth and clients
NFP has formed a new executive leadership team (ELT) for its fast-growing Canadian platform as the broker looks to create a unified platform across the country that will better support its expansion and clients.
-
News
Ardonagh reports organic growth of 8.2% in Q1; pre-tax loss widens
The Ardonagh Group has reported organic growth of 8.2 percent for the first three months of 2022, as the private equity-backed UK intermediary saw its pre-tax loss widen to £37.4mn ($46.2mn) and posted a 29 percent increase in adjusted Ebitda.
-
News
McGriff launches personal lines platform with insurtech Covered
Truist-owned retail broker has launched a digital platform in conjunction with the insurtech Covered aimed at simplifying personal lines transactions by allowing clients to shop for insurance digitally while also having access to agents through chat, text, email, or by phone.
-
News
Howden closing in on TigerRisk deal
Ambitious intermediary Howden Group is in advanced talks to buy TigerRisk in what would be a transformative deal for its reinsurance arm, The Insurer understands.
-
News
PCF bolsters marine capabilities with Belter acquisition
Broker consolidator PCF Insurance Services has strengthened its marine capabilities with the acquisition of Belter Insurance.
-
News
Cyber MGA Parametrix extends cloud offering through IMA tie-up
Parametrix Insurance has partnered with IMA Financial Group in a move which sees the cyber MGA’s specialist cloud downtime coverage being offered throughout the private equity-backed broker’s network.
-
News
Expansive PIB acquires Spanish broker Tractio
Private equity-backed broker consolidator PIB Group had continued its European build-out with the acquisition of Spanish specialist broker Tractio.
-
News
Acrisure hires Kirk as EVP and head of insurance strategy and execution
Acrisure has announced the appointment of The Hartford’s Matthew Kirk as its new executive vice president and head of insurance strategy and execution.
-
News
Ryan Specialty organic revs +20.1% in Q1, as Ebitdac margin slips by 260bps
Ryan Specialty Group increased organic revenues by 20.1 percent in the first quarter, an acceleration from the 15.4 percent growth rate the firm had in Q4, though the company’s adjusted Ebitdac margins slipped by 260 basis points to 27.7 percent in Q1.
-
News
Hub launches non-profit specialty practice led by industry veteran Konrad
Hub International has launched its 10th specialty practice in the past five years with the formation of a new non-profits focused platform led by the broker’s long serving Scott Konrad.
-
News
GRP returns to M&A with swoop for commercial broker Castle Insurance
Global Risk Partners (GRP) has returned to M&A with a deal to buy Castle Insurance Services, its first transaction since the news that the UK consolidator is to be acquired by US retail broker Brown & Brown.
-
News
CAC further strengthens natural resources team with Biggins hire
CAC Specialty has made another addition to its fast-growing natural resources practice with Jim Biggins the latest to join the platform.
-
News
FCA’s Mills: Industry criticism of regulator is “fair”
Calls for the UK’s Financial Conduct Authority (FCA) to be more proportional and respond more rapidly are fair and partially justified, the regulator’s executive director of consumers and competition Sheldon Mills has admitted.
-
News
Biba: FCA is failing brokers with over regulation and excessive cost
The British Insurance Brokers’ Association (Biba) has accused the Financial Conduct Authority (FCA) of acting as a barrier to innovation, failing to uphold its responsibilities and imposing disproportionate levels of oversight.
-
News
NFP realigns business units to drive collaboration with wealth and retirement platform
NFP has realigned its operations into three separate segments in a move designed to enhance collaboration between business units and provide greater support to clients, The Insurer has learned.
-
News
BRP organic revenue up 16% in Q1
BRP Group CEO Trevor Baldwin has hailed a “strong start to 2022”, as his firm recorded 59 percent growth in revenue to $242.8mn and 16 percent organic revenue growth.
-
News
Lockton Re continues build-out with Aon’s Breslin and GC’s McCann
Lockton Re has hired Kathy McCann as a senior broker in its North American team and added Aon Securities executive Zach Breslin in the latest move by the expansive intermediary to bolster its ranks.
-
News
Australians PSC and AUB outline plans for 50-50 UK retail JV
PSC Insurance Group and AUB Group have entered into a memorandum of understanding which will see the two Australian broking houses each take a 50 percent stake in Tysers’ UK retail business following the completion of AUB’s acquisition of the London wholesaler.
