Lockton’s 2022 fiscal year ended with record revenue that increased by 27 percent – much of it organic – to $2.69bn, with CEO Peter Clune telling The Insurer that the “remarkable roster” of hires made over the past 12 months played a key role in the significant expansion.
Louisiana insurance commissioner Jim Donelon told this publication he would give the industry a “C” in grading its claims handling response to Hurricane Ida and other storms, and that his office is focused on passing legislative reform “on a daily basis”.
After ending the first quarter with consolidated organic revenue growth of 9.2 percent and an Ebitda margin of 29.5 percent, NFP’s chairman and CEO Doug Hammond has told The Insurer there is plenty of growth opportunity across the broker’s business with its M&A pipeline the best it has ever been.
Aspen has put itself in a position where it could consider other strategic opportunities including M&A as its next step if depressed P&C sector valuations persist and conditions for a previously flagged IPO or trade sale are unappealing, according to the Bermudian’s CEO Mark Cloutier.
After strong premium and fee income growth in 2021, Accredited Insurance (Europe) Limited (AIEL) expects 2022 to be a year of consolidation after a five-year build-out but continues to seek ‘best in class’ MGAs within its appetite. Program Manager talks to Nick Evers and Magnus Heimann about balancing opportunities in ...
Former GuideOne executive Mark Groenheide has told this publication it is time for the insurance industry to confront the challenges it has faced in embracing diversity and inclusion and move beyond marketing campaigns and what some perceive as superficial efforts.
Genesis Legacy Solutions, a wholly owned subsidiary of Maiden Holdings, anticipates getting several more loss portfolio transfers and small acquisitions under its belt in 2022 while also continuing to provide adverse development covers as the nascent legacy specialist looks to take advantage of changing run-off attitudes in the US.
The Microinsurance Network, an international non-profit organisation with a mission to extend the reach of insurance protection as a means of poverty alleviation, celebrates its 20th birthday this year. We spoke to Katharine Pulvermacher, the network’s executive director, to find out why she believes engaging with the organisation is a ...
McGill and Partners says it is now expecting organic revenue growth of “at least” 50 percent in 2022 after a strong first quarter saw a flurry of major new account wins.
Despite persistent rumours and reports of sale talks, Axa XL is not planning to sell its reinsurance unit, according to CEO Scott Gunter, although the division is looking to reposition its portfolio toward classes it believes offer acceptable returns.
McGill and Partners is on course to be the “next billion-dollar broker” with the 2019 specialist broking start-up targeting over 50 percent organic revenue growth for its third full year of operation, as revealed through conversations with CEO Steve McGill and private equity backer Warburg Pincus.
Jeff Consolino has told this publication that Core Specialty’s gross premium written could increase around 20 percent this year after breaking the $2bn mark in its first full year after being recapitalised, with the president and CEO stating he would “relish the opportunity” to go public at the right time. ...
Fresh from sharing in Coda’s success at the Oscars after its Media Guarantors platform wrote a completion bond for the film, MGA SpottedRisk is set to enter the UK and EU markets in addition to readying a D&O and E&O play, CEO Janet Comenos has told The Insurer.
Following the launch of a new Insurance Development Forum-backed sovereign risk transfer program to provide cover for Mexican smallholder farmers, Guy Carpenter’s Alfredo Honsberg outlines to ESG Insurer how the scheme will work in practice and how it will scale up following the pilot phase.
The $60bn-plus US MGA market will maintain its current growth trajectory for the foreseeable future with the sector buoyed by underwriting talent being drawn to the prospect of better remuneration and broader industry pricing that remains on the rise, Aon’s Doug Bennett has told Program Manager.
Howden Re chairman Elliot Richardson has made a bold commitment that the firm will become the industry’s fourth-largest reinsurance broker “within five years”, as he prepares to welcome a raft of senior hires including new CEO Bradley Maltese.