Agents & Brokers News

Survey: Agents Suggest How Carriers Can Move from ‘Good’ to ‘Great’

One would expect to see high levels of satisfaction between an independent agency and its top carrier, but that isn’t always the case. Peeling back the layers usually reveals fertile ground for improvement and shows the path to higher performance …

JLT Re Appoints Chubb’s Williams as Partner in Bermuda Operation

JLT Re, the global provider of reinsurance broking and consultancy, has appointed Deanna Williams as a partner in JLT Re’s Bermuda operation. She will report to Charles Withers-Clarke, partner, JLT Re in Bermuda, who said that Williams will focus on …

Ed Taps Execs from Willis Towers Watson & BMS to Grow Professional & Executive Risk Team

Ed, the London-based reinsurance, wholesale and specialty broker, announced the expansion of its professional and executive risks offering with five appointments. The team, led by Paul Richards, managing director, comprises: James Baird, director Neal Hughes, divisional director Rupert Alabaster, divisional …

Arthur J. Gallagher Launches Crime & Management Liability Cover for UK SMEs

Arthur J. Gallagher’s specialist Management Liability Practice has responded to the heightened risk of commercial crime facing SME businesses by creating tailor-made management liability and crime insurance products. The two products are targeted at UK private limited companies. Backed by …

Workers’ Compensation Income Benefits Fall Short for Injured Workers: WCRI

Adequacy of income benefits is one of the long-standing concerns about the performance of workers’ compensation systems. However, there is little known about whether income benefits (also called wage-loss or indemnity benefits) provide adequate financial support for injured workers. According …

Ed Broking LatAm Appoints Hernandez as Chairman; de Freitas Named CEO

Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointments of Mike Hernandez to the role of chairman and Agustin de Freitas as CEO of Ed Broking LatAm. They take up their roles with immediate effect. Hernandez, who previously …

Arthur J. Gallagher & Co. Buys UK-Based Total Reward Group

Arthur J. Gallagher & Co., the insurance broker and risk management service firm, has announced the acquisition of Total Reward Group in Sevenoaks, England. Terms of the transaction were not disclosed. Founded in 2005, Total Reward Group is a consultancy …

Excess Capacity Continues to Drive Rate Cuts at June Renewals: JLT Re Report

Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe (ROL) Index which fell by 5.1 percent this year. This …

Marsh Launches Non-Payment Insurance for Boeing Aircraft Financing

Marsh has launched the Aircraft Finance Insurance Consortium (AFIC), a non-payment insurance product designed for banks and capital market investors that are funding new aircraft purchases from Boeing. Available exclusively through Marsh, AFIC provides an alternative aircraft finance insurance product …

Guy Carpenter Taps Gen Re’s van Oort as Managing Director, Benelux Operations

Guy Carpenter & Co. announced the appointment of Hans van Oort from General Reinsurance Co. as managing director, Guy Carpenter Benelux, effective Dec. 1, to further strengthen the regional team. He will be responsible for continuing to enhance Guy Carpenter’s …