Brown & Brown organic revenues return to growth in Q1
US broker Brown & Brown has reported first quarter revenue up 23.5 percent over the same period last year, and a return to organic growth, while revealing earnings that beat analysts’ estimates and included modest margin expansion.
BB&T Insurance generates 6.7% organic growth
Income at US retail and wholesale broker BB&T Insurance surged to a record $510mn for the first quarter and was up 17.0 percent compared to the prior-year period, driven by 6.7 percent organic growth and the impact of its Regions acquisition.
Holborn makes senior executive hire from Goldman Sachs
Independent US reinsurance broker Holborn has appointed Peter Beckman to the newly-created role of executive officer.
NSM targets further 2019 acquisitions to grow premium beyond $1bn
White Mountains-owned full service MGU and program administrator NSM is expected to add to its Embrace Pet Insurance acquisition in the coming months, as it continues to execute its specialty niche roll-up strategy through a strong pipeline of bolt-on transactions.
Global reinsurance capital falls by $20bn in 2018: Aon
Total capital in the global reinsurance sector fell for the first time since 2015, reducing by $20bn to $585bn at 31 December 2018, according to analysis from broking giant Aon.
Holborn makes senior executive hire from Goldman Sachs
Independent US reinsurance broker Holborn has appointed Peter Beckman to the newly-created role of executive officer.
Hudak gets vice chairman role at Willis Re North America
Gloria Hudak has been promoted to vice chairman of Willis Re North America, with Tim Driscoll taking over as head of the firm’s New York branch, The Insurer can reveal.
Reardon and Eichhorn exit Keating
US wholesaler Keating has parted company with the presidents of its brokerage and program divisions as part of a repositioning that has seen the firm’s founder James Keating retake direct control of the operations, The Insurer can reveal.
NSM targets further 2019 acquisitions to grow premium beyond $1bn
White Mountains-owned full service MGU and program administrator NSM is expected to add to its Embrace Pet Insurance acquisition in the coming months, as it continues to execute its specialty niche roll-up strategy through a strong pipeline of bolt-on transactions.
Branch set to launch Cal-quake MGA Boundary
Former TigerRisk executive Crosby Branch is launching a new California quake homeowners insurance MGA called Boundary Insurance Services, The Insurer can reveal.
Nexus launches new broker platform and signals imminent acquisition
Expansive intermediary Nexus Group has consolidated its broking operations into a London-based entity called Xenia Broking Group and revealed the new platform has already raised funds for an imminent acquisition.