Insurance Journal » Agents & Brokers http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 30 Jun 2015 07:00:58 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 Towergate Insurance Reports Q1 Net Income of $134 Million; Down 8% http://www.insurancejournal.com/news/international/2015/06/29/373270.htm Mon, 29 Jun 2015 09:11:23 +0000 http://www.insurancejournal.com/?p=373270 Towergate Insurance reported first quarter income of £86 million ($134 million), down 8 percent from £93 million ($145 million) reported for the same period in 2014 – with its performance adversely affected by the group’s financial restructuring and change program. The …

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Towergate Hires Deakin as Retail Broking Director; Dalgarno as Chief Risk Officer http://www.insurancejournal.com/news/international/2015/06/26/373171.htm Fri, 26 Jun 2015 12:28:32 +0000 http://www.insurancejournal.com/?p=373171 Towergate is creating a new retail broking division led by Janice Deakin, who will join the group as retail broking director on August 12, subject to regulatory approval. This division will encompass all the Towergate Insurance retail broking businesses, Towergate Insurance …

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Reinsurance Market’s Evolution Could Affect Its Stability: ‘Acts of God’ Author http://www.insurancejournal.com/news/international/2015/06/26/373154.htm Fri, 26 Jun 2015 11:05:28 +0000 http://www.insurancejournal.com/?p=373154 First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale risk, according to an industry expert …

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DUAL Australia Launches Suite of Marine Products with New Team http://www.insurancejournal.com/news/international/2015/06/26/373142.htm Fri, 26 Jun 2015 07:00:27 +0000 http://www.insurancejournal.com/?p=373142 DUAL, the underwriting arm of the Hyperion Insurance Group*, is delighted to announce the continued expansion of its global marine and energy practice following the launch of a marine offering at DUAL Australia Pty Ltd. DUAL Australia will now offer …

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Dubai-Based Chedid Re Announces Registration as Lloyd’s Broker http://www.insurancejournal.com/news/international/2015/06/25/372953.htm Thu, 25 Jun 2015 10:10:08 +0000 http://www.insurancejournal.com/?p=372953 Chedid Europe Reinsurance Brokerage Limited, headquartered in Dubai, UAE, has announced its registration as a Lloyd’s broker. Chedid Re, which is a subsidiary of the Lebanese group Chedid Capital Holding, said this business move comes as a natural extension of the …

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Howden & Insurisx Launch Technology Platform to Help Prevent Cyber Attacks http://www.insurancejournal.com/news/international/2015/06/25/372949.htm Thu, 25 Jun 2015 09:11:15 +0000 http://www.insurancejournal.com/?p=372949 Howden, the London-based international broking arm of Hyperion Insurance Group, and cyber insurance technology specialists Insurisx Inc. have launched a technology-based platform, designed to help clients of all sizes improve security and resilience from potential cyber attacks. The companies said …

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Commentary: An Economic Case for Internal Perpetuation http://www.insurancejournal.com/news/national/2015/06/23/372727.htm Tue, 23 Jun 2015 16:54:45 +0000 http://www.insurancejournal.com/?p=372727 I would like to tell you why I believe there is a good reason for you to strongly consider perpetuation for your agency. There is a sound and understandable economic justification that suggests that there is as much value to …

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Brokenshire Appointed Global Chief Operating Officer of JLT Re http://www.insurancejournal.com/news/international/2015/06/19/372417.htm Fri, 19 Jun 2015 13:10:57 +0000 http://www.insurancejournal.com/?p=372417 JLT Re, the London-based provider of reinsurance broking and capital solutions, has appointed Craig Brokenshire as global chief operating officer. Brokenshire was previously COO of JLT Re’s Asia Pacific region, having joined JLT Re Australia as a director in 2011. …

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UK SMEs Fail to Outsource Non-Core Business Activities: Broker Survey http://www.insurancejournal.com/news/international/2015/06/18/372201.htm Thu, 18 Jun 2015 11:51:06 +0000 http://www.insurancejournal.com/?p=372201 A significant number of leaders of small and medium-sized enterprises (SMEs) in the United Kingdom perform a lot of tasks outside their job descriptions, instead of outsourcing these to insurance brokers, recruiters or IT specialists, according to research carried out …

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Execs Worry More About Tech Costs Than Regulation, Cyber Attacks: Willis http://www.insurancejournal.com/news/international/2015/06/15/371722.htm Mon, 15 Jun 2015 07:31:22 +0000 http://www.insurancejournal.com/?p=371722 Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to …

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Guy Carpenter Names Summers as Head of International Facultative Re http://www.insurancejournal.com/news/international/2015/06/11/371389.htm Thu, 11 Jun 2015 08:00:51 +0000 http://www.insurancejournal.com/?p=371389 Guy Carpenter & Company announced that Paul Summers will be joining the company as managing director and head of International Facultative Reinsurance, following completion of his current contractual notice period. He will assume this role from Massimo Reina, who will …

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JLT Re Appoints Walters to Support International Growth, Client Development http://www.insurancejournal.com/news/international/2015/06/09/370911.htm Tue, 09 Jun 2015 07:59:06 +0000 http://www.insurancejournal.com/?p=370911 JLT Re, the London-based provider of reinsurance broking and capital solutions, announced that Russell Walters has joined as a partner. Bradley Maltese, deputy CEO of UK & Europe, said, “Russell joins JLT Re with over 30 years of reinsurance experience …

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Arthur J. Gallagher Completes Leadership Team with 4 Executive Appointments http://www.insurancejournal.com/news/international/2015/06/05/370649.htm Fri, 05 Jun 2015 13:45:38 +0000 http://www.insurancejournal.com/?p=370649 Arthur J. Gallagher – the international division of Arthur J. Gallagher & Co. – has appointed Michael Rea as chief operating officer and Carol Richmond as chief risk officer, subject to regulatory approvals. Both recruits will join the organization’s international …

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What Agents Want for Future Growth: Channel Harvest Survey http://www.insurancejournal.com/news/national/2015/06/04/370556.htm Thu, 04 Jun 2015 16:52:48 +0000 http://www.insurancejournal.com/?p=370556 Most independent insurance agents are interested in adding new carriers to those they place business with – but very few independent agents are interested in adding new products to the selection of products and services that they offer customers. This …

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Dircks Named Senior Vice President for Lockton Global Energy in Bermuda http://www.insurancejournal.com/news/international/2015/06/03/370359.htm Wed, 03 Jun 2015 10:38:56 +0000 http://www.insurancejournal.com/?p=370359 Insurance broker Lockton has named Josh Dircks as a senior vice president in Lockton Bermuda to expand the capabilities of the Lockton Global Energy expertise on the island. As a key senior leader of the Lockton Global Energy and Lockton …

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Marsh to Acquire UK-Based Broker, SME Insurance Services http://www.insurancejournal.com/news/international/2015/06/02/370197.htm Tue, 02 Jun 2015 09:18:46 +0000 http://www.insurancejournal.com/?p=370197 Marsh announced it has reached a definitive agreement to acquire SME Insurance Services (SMEi), a UK independent broker which provides specialist commercial insurance to small and medium-sized enterprises. Terms of the transaction, which is expected to close in the third …

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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 …

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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 …

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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 …

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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. …

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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 …

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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 …

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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 …

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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. …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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