Insurance Journal » Agents & Brokers http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Wed, 27 May 2015 17:10:31 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 Jardine Lloyd Thompson Appoints Rozes as Group Finance Director http://www.insurancejournal.com/news/international/2015/05/27/369493.htm Wed, 27 May 2015 08:15:24 +0000 http://www.insurancejournal.com/?p=369493 Jardine Lloyd Thompson Group plc, a global provider of insurance, reinsurance and employee benefits-related advice, brokerage and associated services, announced it is appointing Charlie Rozes as group finance director, to succeed Mike Reynolds. JLT announced in August 2014 that Reynolds …

The article Jardine Lloyd Thompson Appoints Rozes as Group Finance Director appeared first on Insurance Journal.

]]>
Placing Platform Ltd. Selects Ebix for London Market Implementation http://www.insurancejournal.com/news/international/2015/05/26/369284.htm Tue, 26 May 2015 14:41:10 +0000 http://www.insurancejournal.com/?p=369284 The Board of Placing Platform Limited (PPL) announced that, after a tender exercise, it has selected Ebix as its preferred software supplier. The Board acted on behalf of the International Underwriting Association (IUA), the London & International Insurance Brokers’ Association …

The article Placing Platform Ltd. Selects Ebix for London Market Implementation appeared first on Insurance Journal.

]]>
Integro Acquires UK’s Kite Warren & Wilson, Marine Broker Specialist http://www.insurancejournal.com/news/international/2015/05/15/368318.htm Fri, 15 May 2015 14:06:51 +0000 http://www.insurancejournal.com/?p=368318 Integro Ltd., an insurance brokerage and risk management firm based in New York City, has acquired London-based Kite Warren & Wilson Ltd., which specializes in marine hull & liability coverage and financial lines. Financial details of the transaction have not …

The article Integro Acquires UK’s Kite Warren & Wilson, Marine Broker Specialist appeared first on Insurance Journal.

]]>
ACE’s 10 Tips to Help Brokers Place Effective Multinational Insurance Programs http://www.insurancejournal.com/news/international/2015/05/14/368165.htm Thu, 14 May 2015 13:21:15 +0000 http://www.insurancejournal.com/?p=368165 When ACE Group last month launched ACE Multinational Partner, a package cover for UK & Ireland-based companies with one or more overseas subsidiary, it discovered that brokers were concerned about lack of knowledge and expertise in placing complex multinational programs. …

The article ACE’s 10 Tips to Help Brokers Place Effective Multinational Insurance Programs appeared first on Insurance Journal.

]]>
Howden Names Goh as CEO, Singapore Retail; Other Senior Execs Appointed http://www.insurancejournal.com/news/international/2015/05/14/368143.htm Thu, 14 May 2015 09:17:46 +0000 http://www.insurancejournal.com/?p=368143 Howden International, part of Hyperion Insurance Group, has appointed Goh Chye Huat as chief executive officer and principal officer of its Singapore retail operation, subject to regulatory approval and completion of the customary notice period with his existing employer. Goh …

The article Howden Names Goh as CEO, Singapore Retail; Other Senior Execs Appointed appeared first on Insurance Journal.

]]>
Swiss Re sigma Report Examines Role of Insurance in M&A Deals http://www.insurancejournal.com/news/international/2015/05/12/367688.htm Tue, 12 May 2015 09:13:47 +0000 http://www.insurancejournal.com/?p=367688 A new sigma report –“M&A in insurance: start of a new wave?” – from Swiss Re points out that “merger and acquisition (M&A) activity in the insurance industry is rising although the number of deals still remains well below levels …

The article Swiss Re sigma Report Examines Role of Insurance in M&A Deals appeared first on Insurance Journal.

]]>
Arthur J. Gallagher Realigns UK Broking, Underwriting Operations http://www.insurancejournal.com/news/international/2015/05/11/367484.htm Mon, 11 May 2015 10:57:01 +0000 http://www.insurancejournal.com/?p=367484 Arthur J. Gallagher, the international division of Arthur J. Gallagher & Co., has unveiled a simplified operating structure to better serve customers and maximize growth opportunities. Gallagher Insurance Solutions – the personal lines, private clients and small commercial distribution arm …

The article Arthur J. Gallagher Realigns UK Broking, Underwriting Operations appeared first on Insurance Journal.

]]>
A.J. Gallagher Builds Retail Presence in Chile With Majority Stake in QRM http://www.insurancejournal.com/news/international/2015/05/07/367158.htm Thu, 07 May 2015 08:57:22 +0000 http://www.insurancejournal.com/?p=367158 Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has expanded its retail presence in Chile by purchasing a majority shareholding in independent broker Quality Risk Management Corredores de Seguros S.A. …

The article A.J. Gallagher Builds Retail Presence in Chile With Majority Stake in QRM appeared first on Insurance Journal.

]]>
U.K. Intermediaries Hyperion and R K Harrison Complete Merger http://www.insurancejournal.com/news/international/2015/05/01/366514.htm Fri, 01 May 2015 10:02:39 +0000 http://www.insurancejournal.com/?p=366514 London-based intermediaries Hyperion Insurance Group Limited* and R K Harrison Holdings Limited (RKH) have completed the merger of their two businesses, following receipt of applicable regulatory and legal approvals. Acquiring 100 percent of the share capital of RKH, Hyperion has …

The article U.K. Intermediaries Hyperion and R K Harrison Complete Merger appeared first on Insurance Journal.

]]>
Could New Insurance Players Disrupt the Market? http://www.insurancejournal.com/news/national/2015/04/28/365829.htm Tue, 28 Apr 2015 16:32:35 +0000 http://www.insurancejournal.com/?p=365829 Those with long careers in the insurance industry have seen newer entrants founder on the shoals of our business. Many well-intentioned outsiders don’t understand the innate complexities of the insurance ecosystem – complexities such as the long tail of liability …

The article Could New Insurance Players Disrupt the Market? appeared first on Insurance Journal.

]]>
Willis Selected as Broker for ‘BLOODHOUND’ Supersonic Car http://www.insurancejournal.com/news/international/2015/04/28/365782.htm Tue, 28 Apr 2015 08:50:26 +0000 http://www.insurancejournal.com/?p=365782 Willis Group Holdings announced that it has been appointed lead insurance broker and risk adviser to the BLOODHOUND Supersonic Car (SSC), including the building and testing of the vehicle as well as its forthcoming world record attempt. Willis explained that …

The article Willis Selected as Broker for ‘BLOODHOUND’ Supersonic Car appeared first on Insurance Journal.

]]>
Willis CEO: Gras Savoye Acquisition Part of Strategy to Expand Global Reach http://www.insurancejournal.com/news/international/2015/04/23/365385.htm Thu, 23 Apr 2015 08:06:45 +0000 http://www.insurancejournal.com/?p=365385 Willis Group Holdings plc, the third-largest insurance broker, offered to buy the 70 percent of Gras Savoye that it doesn’t already own to expand in France, Eastern Europe and the Middle East. Willis will pay 550 million euros ($590 million), a sum …

The article Willis CEO: Gras Savoye Acquisition Part of Strategy to Expand Global Reach appeared first on Insurance Journal.

]]>
CGSC in Partnership with GC do Brasil for Wholesale and New Products http://www.insurancejournal.com/news/international/2015/04/20/365060.htm Mon, 20 Apr 2015 14:47:51 +0000 http://www.insurancejournal.com/?p=365060 Cooper Gay Swett & Crawford (CGSC), the independent global wholesale, underwriting management and reinsurance broker, announced that it has concluded a partnership deal with Brazilian broker network GC do Brasil “to provide its retail broking members with access to wider …

The article CGSC in Partnership with GC do Brasil for Wholesale and New Products appeared first on Insurance Journal.

]]>
U.K.’s EC3\Legal Appoints Schrauwers as Chairman http://www.insurancejournal.com/news/international/2015/04/16/364652.htm Thu, 16 Apr 2015 10:41:45 +0000 http://www.insurancejournal.com/?p=364652 London-based EC3\Legal* has announced that highly respected insurance industry figure, Cees Schrauwers, has joined the company as chairman. Schrauwers, who has more than 35 years’ financial services experience, is a former managing director of Aviva International and managing director of …

The article U.K.’s EC3\Legal Appoints Schrauwers as Chairman appeared first on Insurance Journal.

]]>
Reid to Become CEO of UK Retail at Arthur J. Gallagher http://www.insurancejournal.com/news/international/2015/04/16/364637.htm Thu, 16 Apr 2015 09:55:56 +0000 http://www.insurancejournal.com/?p=364637 Arthur J. Gallagher announced that Stuart Reid will join Arthur J. Gallagher’s international brokerage operation as CEO for UK Retail. Reid will take up the position at Arthur J. Gallagher later this year, subject to regulatory approval, and will use …

The article Reid to Become CEO of UK Retail at Arthur J. Gallagher appeared first on Insurance Journal.

]]>
How Analytics Technology Can Help Speed Integration Post-Merger Deal http://www.insurancejournal.com/news/national/2015/04/07/363528.htm Tue, 07 Apr 2015 16:57:26 +0000 http://www.insurancejournal.com/?p=363528 The record number of merger and acquisition (M&A) transactions involving insurance brokers and agents throughout the United States in the past year underscores the imperative for these firms to accelerate growth and compete more effectively. But for brokers and agencies …

The article How Analytics Technology Can Help Speed Integration Post-Merger Deal appeared first on Insurance Journal.

]]>
Towergate Gets U.K. Court Nod for Plan to Restructure $1.49 Billion Debt http://www.insurancejournal.com/news/international/2015/03/30/362497.htm Mon, 30 Mar 2015 07:43:06 +0000 http://www.insurancejournal.com/?p=362497 Towergate Finance plc said it won court approval for its plan to restructure 1 billion pounds ($1.49 billion) of debt. The restructuring will be completed by early April, the U.K. insurance broker said in a statement Friday. The company previously reached an …

The article Towergate Gets U.K. Court Nod for Plan to Restructure $1.49 Billion Debt appeared first on Insurance Journal.

]]>
Miller Appoints Milner to Help Build Cyber & Technology Book http://www.insurancejournal.com/news/international/2015/03/26/362162.htm Thu, 26 Mar 2015 13:42:14 +0000 http://www.insurancejournal.com/?p=362162 Miller, the London-based specialist insurance and reinsurance broker, has hired Simon Milner, in a production and broking role in the cyber and technology area. In a press release, Miller said the appointment underlines its plans to build on the growth …

The article Miller Appoints Milner to Help Build Cyber & Technology Book appeared first on Insurance Journal.

]]>
My Favorite Underwriters http://www.insurancejournal.com/blogs/2015/03/22/361573.htm Mon, 23 Mar 2015 00:31:37 +0000 http://www.insurancejournal.com/?p=361573 Your Sales iQ  By David Connolly       The role of today’s Underwriter is complex.                                                                                                                                                                                                                                                                                                                                                                                                                            They must be gatekeepers, relationship managers, marketers and sales managers. As Agents, we must understand, and respect these differing and often conflicting …

The article My Favorite Underwriters appeared first on Insurance Journal.

]]>
Brokerslink Chairman Says Brokers and Broker Networks Must Adapt or Decline http://www.insurancejournal.com/news/international/2015/03/05/359489.htm Thu, 05 Mar 2015 10:41:59 +0000 http://www.insurancejournal.com/?p=359489 Speaking at the 3rd Asia Insurance Brokers’ Summit in Kuala Lumpur, Jose Manuel Fonseca, chairman of Brokerslink, told delegates that, in order to address global challenges, brokers and broker networks must adapt or decline. Highlighting consolidation as a major challenge, Fonseca said …

The article Brokerslink Chairman Says Brokers and Broker Networks Must Adapt or Decline appeared first on Insurance Journal.

]]>
Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier Relationships http://www.insurancejournal.com/news/national/2015/03/03/359101.htm Tue, 03 Mar 2015 13:37:45 +0000 http://www.insurancejournal.com/?p=359101 Channel Harvest Research, in partnership with Insurance Journal, is conducting its 2015 national survey of agents’ attitudes about their carrier partners. This is the seventh annual study on key aspects of the property/casualty independent agent-carrier relationship. Agents and brokers have …

The article Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier Relationships appeared first on Insurance Journal.

]]>
Merger of Hyperion & R K Harrison Approved by Boards, Shareholders http://www.insurancejournal.com/news/international/2015/03/03/359083.htm Tue, 03 Mar 2015 09:12:48 +0000 http://www.insurancejournal.com/?p=359083 Hyperion Insurance Group Limited and R K Harrison Holdings Limited announced the signing of the terms of agreement for the merger of the two London-based businesses, following approval by the two companies’ respective boards and shareholders. The transaction remains subject …

The article Merger of Hyperion & R K Harrison Approved by Boards, Shareholders appeared first on Insurance Journal.

]]>
SIAA Grew Premium to $5.7B, Signed 410 New Member Agencies in 2014 http://www.insurancejournal.com/news/national/2015/02/24/358508.htm Tue, 24 Feb 2015 20:50:19 +0000 http://www.insurancejournal.com/?p=358508 SIAA (Strategic Insurance Agency Alliance) said it grew premium by $901 million in 2014 to $5.7 billion, with 80 percent of its growth coming from existing member agencies. Premium growth with SIAA’s strategic partner companies was up more than $576 …

The article SIAA Grew Premium to $5.7B, Signed 410 New Member Agencies in 2014 appeared first on Insurance Journal.

]]>
Towergate Wins Creditor Support for $1.5 Billion Restructuring http://www.insurancejournal.com/news/international/2015/02/17/357561.htm Tue, 17 Feb 2015 09:34:05 +0000 http://www.insurancejournal.com/?p=357561 Towergate Finance plc said it has enough creditor support to restructure 1 billion pounds ($1.5 billion) of debt in U.K. courts. The plan was agreed by more than 75 percent of the insurance broker’s secured and unsecured debt holders, the threshold required …

The article Towergate Wins Creditor Support for $1.5 Billion Restructuring appeared first on Insurance Journal.

]]>
Ardian Agrees to Buy JLT’s Stake in Siaci St Honoré http://www.insurancejournal.com/news/international/2015/02/13/357390.htm Fri, 13 Feb 2015 12:42:06 +0000 http://www.insurancejournal.com/?p=357390 Jardine Lloyd Thompson Group plc announced that Ardian has agreed to buy JLT’s 26.2 percent stake in Milestone, the holding company of Siaci St Honoré, JLT’s French associate. This offer extends to all shareholders, JLT said. The transaction will be …

The article Ardian Agrees to Buy JLT’s Stake in Siaci St Honoré appeared first on Insurance Journal.

]]>
Agent-Broker Profitability Reaches Record 21% for 2014: Reagan Consulting http://www.insurancejournal.com/news/national/2015/02/10/357093.htm Tue, 10 Feb 2015 18:09:39 +0000 http://www.insurancejournal.com/?p=357093 Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability for EBITDA (earnings before interest, taxes, depreciation and amortization) …

The article Agent-Broker Profitability Reaches Record 21% for 2014: Reagan Consulting appeared first on Insurance Journal.

]]>
Aon Reports $3.3 Billion Q4 Total Revenue; $12 Billion FY http://www.insurancejournal.com/news/international/2015/02/09/356859.htm Mon, 09 Feb 2015 10:08:59 +0000 http://www.insurancejournal.com/?p=356859 Aon has reported fourth quarter total revenue of $3.3 billion, and $12 billion for the full year. Other highlights for the fourth quarter include the following: – Organic revenue growth of 6 percent – Operating margin increased 320 basis points …

The article Aon Reports $3.3 Billion Q4 Total Revenue; $12 Billion FY appeared first on Insurance Journal.

]]>
U.K.’s Towergate Creditors to Take Over Company in Debt Restructuring http://www.insurancejournal.com/news/international/2015/02/02/356043.htm Mon, 02 Feb 2015 10:38:28 +0000 http://www.insurancejournal.com/?p=356043 Towergate Finance plc said it reached an agreement with creditors to restructure more than 1 billion pounds ($1.5 billion) of debt in exchange for control of the company. The deal will cut the insurance broker’s net obligations by more than …

The article U.K.’s Towergate Creditors to Take Over Company in Debt Restructuring appeared first on Insurance Journal.

]]>
Jardine Lloyd Thompson Announces Senior Employee Benefit Appointments http://www.insurancejournal.com/news/international/2015/01/30/355965.htm Fri, 30 Jan 2015 14:47:02 +0000 http://www.insurancejournal.com/?p=355965 London-based Jardine Lloyd Thompson Group plc announced several senior management appointments within its UK Employee Benefits business and JLT Asia. These appointments are subject to obtaining the appropriate regulatory approvals, where required. Mark Wood is retiring from his role as the CEO …

The article Jardine Lloyd Thompson Announces Senior Employee Benefit Appointments appeared first on Insurance Journal.

]]>
Towergate Creditors Seeking Takeover With $1 Billion Debt Swap http://www.insurancejournal.com/news/international/2015/01/16/354265.htm Fri, 16 Jan 2015 12:01:57 +0000 http://www.insurancejournal.com/?p=354265 Towergate Finance Plc’s creditors are offering to cancel 715 million pounds ($1 billion) of debt in exchange for control of Europe’s largest insurance broker. The company’s senior secured creditors also propose writing off the accrued interest, according to a statement from Moelis …

The article Towergate Creditors Seeking Takeover With $1 Billion Debt Swap appeared first on Insurance Journal.

]]>