Reinsurance News
brokerage
Marsh expands in Italy with FRT acquisition
4th March 2025
Insurance broker Marsh has acquired Fontana Rava-Toscano & Partners (FRT), a Milan-based insurance brokerage, as part of its growth strategy in Italy. Terms of the acquisition were not disclosed. FRT, a property and casualty insurance broker and risk consulting firm, was established in 1992 by the current partners and Giancarlo Fontana ... Read the full article
B.P. Marsh and Partners invests additional $12.6m in XPT
27th November 2024
B.P. Marsh and Partners, a specialist private equity investor in early stage financial services businesses, has further invested $12.6 million in XPT, a US based wholesale insurance broking and underwriting agency platform across the US Specialty Insurance Sector. According to the announcement, this transaction was structured via both a purchase of ... Read the full article
Brown & Brown hires Deloitte’s Paul Gallagher as controller
11th November 2024
Insurance brokerage Brown & Brown has hired Paul Gallagher as its new controller, a role which will see him provide strategic guidance and leadership for all of the firm's financial operations, including SEC and financial reporting, controls and compliance, acquisitions, planning and strategic decision-making. As controller, Gallagher will also play a ... Read the full article
Aon to expand presence in UK & Ireland with Griffiths & Armour acquisition
1st November 2024
Global insurance and reinsurance broker Aon has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour, a move that aligns with its UK and Ireland expansion strategy. Upon completion of the transaction, Griffiths & Armour will become wholly-owned by Aon UK Limited and is proposed to go to ... Read the full article
Broker Insights officially brings its commercial insurance placement analytics to the US
28th October 2024
Scottish insurtech Broker Insights, whose platform helps brokers to better understand their business and connect with insurers, has announced its launch in the United States. Broker Insights’s platform, Vision, has been specifically tailored for the US following extensive broker research and collaboration during which time it analysed almost $1bn of gross ... Read the full article
Lockton secures regulatory approval for Colombian reinsurance operations
19th September 2024
Privately held insurance brokerage firm Lockton has entered the Colombian reinsurance market as it has received regulatory approval to operate a reinsurance brokerage business in the country. The new venture is expected to bring numerous benefits to the broker’s clients, including access to a broader range of reinsurance products, enhanced risk ... Read the full article
New carrier to provide insurance solutions for Amwins SRU’s Excess D&O program
17th September 2024
Amwins Special Risk Underwriters (SRU) has enhanced its Excess D&O offering with the addition of a new carrier that holds a dedicated focus on Excess D&O specialty programs. The new carrier is recognized as a major specialty insurer, rated "A+" (Superior) by A.M. Best, that underwrites innovative D&O solutions on a ... Read the full article
Miller continues european expansion with 4809 Brokers AG acquisition
1st August 2024
Independent specialist re/insurance broker Miller has announced the acquisition of reinsurance capital advisory business 4809 Brokers AG, its third European acquisition as it continues its expansion in the continent. Miller stated this acquisition is consistent with its reinsurance strategy, which is focused on growth opportunities in the value-add and advisory parts ... Read the full article
H Group Benefits acquired by insurance broker Relation
1st August 2024
Insurance brokerage firm Relation Insurance Services has acquired the assets of H Group Benefits, Inc., a health insurance agency based in Illinois, US. The transaction, which terms were not disclosed, went into effect on June 30, 2024. Tim Hall, Chief Executive Officer for Relation, said: “H Group has an outstanding reputation in ... Read the full article
William Shaw becomes Texel Deputy CEO with Jonathan Crossfield as CFO
17th July 2024
The Texel Group, a specialist credit and political risk insurance broker, has announced a number of senior appointments, including William Shaw’s promotion to Deputy CEO. Based in London, Shaw was promoted to his new role from his Managing Director of Texel Asia PTE ltd (Texel Asia) position in Singapore. Taking over the ... Read the full article
Texel welcomes du Toit and Jesensky to London team
15th July 2024
The Texel Group, a specialist credit and political risk insurance broker, has announced the appointment of Ivan Jesensky as its first digitisation broker and Michaela du Toit, who has joined as a broker. Based in London, Jesensky will be reporting to Simon Bessant, Head of Insurance and a Director at Texel. ... Read the full article
Marsh McLennan Agency to acquire Illinois-based broker Horton
10th July 2024
Marsh McLennan Agency, a subsidiary of Marsh, has entered into a definitive agreement to acquire The Horton Group, Inc., a full-service insurance brokerage based in Illinois, US. Horton, which was founded in 1971, offers property and casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals across Indiana, ... Read the full article
Allianz Trade and BPL enhance data sharing with API integration via Whitespace
2nd July 2024
Insurer Allianz Trade and credit and political risk insurance broker, BPL, have launched a collaboration to transform the way underwriters and brokers share enquiry data using Application Programming Interface (API) integration through the independent digital trading platform Whitespace, a Verisk business. Christophe White, Global Head, Specialty Credit, Allianz Trade, commented: “I ... Read the full article
WTW broadens Financial Institutions team capabilities with three new hires
28th June 2024
WTW has announced the appointment of three new hires within the Financial Institutions and Professional Services industry division, which is part of Corporate Risk and Broking, North America (CRB NA), Heather Mann, Larry Trombino, and Jeanette Younger. With the addition of these new executives, who bring deep expertise within broker-dealers and ... Read the full article
SRG to acquire specialist schemes broker SISL
25th June 2024
Insurance industry intermediary, Specialist Risk Group (SRG), has agreed to acquire specialist schemes broker, Strategic Insurance Services Limited (SISL), subject to regulatory approval. Based in West Sussex, UK, SISL was established in 1997 and provides a number of deeply specialist schemes with established relationships with insurers, brokers and financial services clients ... Read the full article
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