Brokers & Distribution
Brokers provide a vital cog in the global specialty re/insurance marketplace, with their role continuingly evolving beyond a mechanism simply to place business. The advisory services provided by brokers now form a critical part of their value offering. The broking landscape is also shifting with major merger and acquisition activity creating opportunities for growing firms to expand in core markets and attract staff who have been displaced in the fallout from major deals.
BP Marsh full-year NAV surges 42% to £326m
Insurance-focused investment firm reports pre-tax profit more than doubled to £104.7m for the last financial year
Howden acquires Peruvian reinsurance broker
Innova Re specialises in commercial lines including property, aviation and civil liability
Ryan Specialty launches unified global renewables division
Managing general underwriter to combine renewable energy MGUs, PERse Americas and PERse International, with recently acquired Albus
Miller posts record revenue for 2023
Specialist re/insurance broker’s full-year revenues climb to £240m, with organic growth of 19%
Acrisure Re names Hodges executive VP
Hodges joins from Howden Tiger, where he led the broker’s international analytics operations
BRP revenues top $1bn in 2023
US broking group posts organic growth of 19% in 2023 as revenues reach $1.2bn
Ryan posts Q4 organic growth of 16%
Broking and underwriting group reports its profits climbed 28% to $58.5m in the fourth quarter
Increased E&S capacity to ease US property renewals in 2024: Gallagher
The extreme rate increases over the past six years are losing momentum, specialty broker says
Amphitrite receives FCA authorisation
Chief executive hails 'pivotal moment' for marine specialist MGA
Ron Lockton returns as CEO of broker Lockton
Founder's son to take second term as chief executive, replacing Peter Clune
Gallagher Specialty launches parametric centre
Launch in response to growing demand for alternative risk-transfer solutions, broker says
Aon clears US antitrust hurdle on NFP buy
Waiting period under Hart-Scott-Rodino Antitrust Improvements Act expires on $13.4bn deal for US broking and advisory firm
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