Fca logo

Wholesale brokers in the clear following FCA probe

2019-02-20T07:46:00+00:00

The Financial Conduct Authority has found no evidence of “competition concerns” following its wide-ranging study into broker activities in the London wholesale market in a massive win for market brokers.

FCA London market

$6bn+ now written in London through broker facilities

2019-02-20T10:37:00+00:00

£4.8bn ($6.2bn) of gross written premium in the London market is now placed through facilities operated by brokers, according to a wide-ranging study by UK regulator the Financial Conduct Authority (FCA) published today.

Lloyd's and Willis building

FCA probe findings evidence of broker value: Liiba’s Croft

2019-02-20T09:14:00+00:00

The findings of the newly-released final report into the FCA’s wholesale insurance broker review has provided insurance intermediaries with a “clean bill of health”, the CEO of the London and International Insurance Brokers’ Association has said.

Joe Zak – Orchid

Zuk joins Orchid to build out platform and ILS capability

2019-02-19T17:40:00+00:00

Cat-focused MGA Orchid Underwriters has hired Joe Zuk as it looks to diversify by geography and product line and build a platform that can act as a conduit for ILS capacity, The Insurer can reveal.

Preservation Capital, Ascent and Cove Programs

Ascent backer Preservation Capital builds MGA platform with Cove investment

2019-02-19T09:53:00+00:00

Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.

RSG

RSG swoops on Texan broker Myron Steves

2019-02-15T14:09:00+00:00

Ryan Specialty Group has snapped up Myron F. Steves & Company (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas.

Holborn mug image

Holborn hires Sciolla as chief production officer

2019-02-14T19:24:00+00:00

US reinsurance broker Holborn has hired former Gen Re executive Berto Sciolla as chief production officer.

Aon sign

Lambrou named CEO of Aon Commercial Risk Solutions

2019-02-11T20:45:00+00:00

Aon has named Lambros Lambrou as the new global CEO of its Commercial Risk Solutions division.

Joseph Stanoch

RFIB hires Stanoch from Burns & Wilcox

2019-02-07T12:45:00+00:00

RFIB has hired Joseph Stanoch from Burns & Wilcox as managing director of its Americas platform.

Joe Zak – Orchid

Zuk joins Orchid to build out platform and ILS capability

2019-02-19T17:40:00+00:00

Cat-focused MGA Orchid Underwriters has hired Joe Zuk as it looks to diversify by geography and product line and build a platform that can act as a conduit for ILS capacity, The Insurer can reveal.

Preservation Capital, Ascent and Cove Programs

Ascent backer Preservation Capital builds MGA platform with Cove investment

2019-02-19T09:53:00+00:00

Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.

Pat Ryan

Ryan adds International Specialty Insurance Services to MGU platform

2019-02-12T20:25:00+00:00

Ryan Specialty Group (RSG) has added to its underwriting platform with a deal to buy high-value disability (HVD) specialist International Specialty Insurance Services (ISI).