Agents & Brokers News

Aon Reports 27% Rise in Q4 Net Income; 1% Decline During Full Year

London-based Aon plc reported net income attributable to Aon shareholders in the fourth quarter of 2015 was $584 million, or $2.09 per share, a 27 percent increase from $459 million, or $1.56 per share, reported during for the prior year …

Chinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia

China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “We’ve been pretty active …

UK’s Flood Re Secures $3B Reinsurance Program; Scheme to Launch in April

Flood Re, the UK’s new flood reinsurance scheme, has successfully secured a £2.1 billion ($3 billion) multi-year reinsurance program. Flood Re, based in London, will begin operating in April. In an oversubscribed second phase of the tender process, Flood Re …

Hyperion Announces Permanent Appointment of Bains as CEO of MGA DUAL

London-based Hyperion Insurance Group, an international insurance intermediary, has confirmed the permanent appointment of Talbir Bains as chief executive officer of DUAL Group, an MGA and Hyperion’s international underwriting arm. The vision of DUAL is to continue to grow and develop …

Ryan Specialty Completes Purchase of M&A Specialist Hunter George & Partners

Ryan Specialty Group, the Chicago-based global specialty insurance services business, has completed its acquisition of Hunter George & Partners Ltd., the London-based specialist managing general agent, focused on providing insurance solutions for mergers and acquisitions. The deal, which was previously …

Willis Re Joins with Tech Firm, Measure, to Raise Drone Usage for Insurers

Willis Re, the reinsurance business of Willis Towers Watson, announced a strategic partnership with technology company Measure to advance the use of drones within the insurance industry and bring the latest drone technology to Willis Re clients. The integration of …

Hyperion Unit, RKH Specialty, Acquires UK Surety Broker, PMG

Specialty lines broker, RKH Specialty, part of the Hyperion Insurance Group, has acquired the UK’s largest independent specialist Surety broker, PMG Financial Services Ltd., subject to regulatory approval. Barnaby Rugge-Price, CEO of RKH Specialty, commented: “The acquisition of PMG represents …

Marsh Appoints Davies as Global CEO of Bowring Marsh

Marsh announced with immediate effect the appointment of Tom Davies as global CEO of Bowring Marsh, Marsh’s international wholesale placement broker. Davies previously led Bowring Marsh’s hub in the UK and Ireland. Based in London, Davies has global responsibility for …

Lloyd’s Open Broker Sessions in Singapore Designed to Speed Placement Process

Lloyd’s has started holding open trading sessions at its Singapore hub, which are designed to speed up insurance placements. The sessions enable brokers to see multiple markets at one time and provide faster turnaround times as quotes are given, lines …

Willis Towers Watson Appoints New Senior Leadership Team for Great Britain

Willis Towers Watson, the global advisory, broking and solutions company, announced a group of senior leadership appointments within its Great Britain business. Ailsa King will lead the Client Organisation in Great Britain, which will embrace sales, account management, regional development, industry focus and …