Arthur J Gallagher has snapped up Boston Marks Group which includes Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the United Kingdom.
As the post-takeover operating structure of MMC and JLT begins to take shape, JLT’s qualifying staff have been notified of their entitlements under the £100mn retention bonus scheme that was announced as part of the £4.3bn acquisition.
Specialist insurance consolidator Global Risk Partners has seen gross written premium exceed £700mn, up 27 percent on 2016/17 as the Peter Cullum led firm builds on ambitions to be a £1bn GWP business.
Expansive UK broking Group Ardonagh said its pre-tax losses shrank to £69mn for the first nine months of the year, an improvement on the £98mn loss a year earlier for the same period.
The Financial Conduct Authority (FCA) has once again pushed back the publication date of the initial findings of its wholesale insurance broking study to the first quarter of next year.
Victor Ganzi, the president of the PGA Tour and former CEO of US media conglomerate Hearst Corp, will replace James (Jim) McCann as chairman of the Willis Towers Watson (WTW) Board from 1 January 2019.
Three years after the $393mn majority sale to Willis, London market wholesaler Miller Insurance Services LLP has announced the imminent retirement of four long-serving executives following the end of the “lock in” period earlier this year.
Lodestar Marine Ltd, the London-based fixed premium P&I MGA, is negotiating with fresh capacity following the decision by UK insurer RSA to withdraw from a number of London market classes.
Occam Underwriting – formerly Sciemus – has made two appointments to build out its management team following a series of exits from the company this year.