Agents & Brokers News

Towergate London Market Appoints Pearce to Lead Growth Strategy

Towergate Insurance announced the appointment of Neil Pearce as managing director of Towergate London Market.* Pearce will join Towergate on Sept. 5, 2016 and report directly to group Chief Executive Officer David Ross. Pearce joins Towergate from RKH Specialty where …

Workers’ Comp Line Achieves ‘Significant’ Profit in 2015: Fitch

The U.S. workers’ compensation insurance market achieved a “significant” underwriting profit in 2015, but trends call into question whether such a result can be repeated, Fitch Ratings concluded in a new report. For 2015, the workers’ compensation combined ratio came …

Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global

Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at more than 80 independent insurance brokers. The survey …

What Keeps D&Os Awake at Night? Coverage Concerns Rise Up the List

There are lots of emerging liability risks that may be keeping corporate directors and officers awake at night, which is why their D&O insurance protection is rising up their list of concerns. “The worry of whether or not a D&O …

Non-Life Cat Bond Issuance Hits $2.8B During 1H 2016: Willis Towers Watson Report

Total non-life catastrophe bond market issuance for the first half of 2016 rose to $2.8 billion, according to the latest ILS market update from Willis Capital Markets & Advisory (WCMA), the investment banking business of Willis Towers Watson. After starting …

Nerves on Edge After South China Sea Ruling; Insurance Rates Still Stable

Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing’s claims across large swathes of the South China Sea, fueling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands, found …

Survey: Agents Value Carrier Underwriting More Highly Now Than 5 Years Ago

A comparison of independent agent opinions five years ago to today shows how far the agency channel has come while also illustrating that certain fundamentals remain important throughout cycles and market disruption. Nearly 2,000 independent agents weighed in for the …

Aon Offers Cover for Ontario Uber Drivers, Using Online Quoting Tool

Aon Risk Solutions, the global risk management business of Aon plc, announced it is now offering personal ride-sharing insurance policies designed specifically for Ontario Uber drivers. As Uber’s insurance broker, Aon said it “has developed a comprehensive understanding of the …

Cooper Gay Appoints Angelini-Hurll as CEO of Reinsurance Division

Cooper Gay* the London-based reinsurance, wholesale and specialty broker, announced the appointment of Kieran Angelini-Hurll as CEO of its reinsurance division. He takes up his new role on Sept. 1 and will report to Steve Hearn, group CEO. Angelini-Hurll brings …

Marsh Taps Cooke (Former NAPSLO President) as Vice Chair of Global Placement

Marsh has appointed Jeremy Cooke as vice chairman of Global Placement, effective immediately. Based in London, Cooke will report to Dean Klisura, global head of Industry Specialties and Placement. In his new role, Cooke will focus on critical growth areas …