Agents & Brokers News

Aon Launches Next Generation of ReMetrica for Risk & Capital Modeling

Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, has launched ReMetrica Version 7.0 – its next generation platform for risk and capital modeling. Following Solvency II and equivalent regulation, insurers are demanding more value from their …

Global Risk Partners Backs LONMAR’s MBO, Supporting Its Growth Strategy

Global Risk Partners, the acquisitive insurance broking and managing general agency (MGA) investment vehicle, has agreed to back the management buyout of LONMAR GLOBAL RISKS, the specialist Lloyd’s broker. The transaction is subject to regulatory approval. LONMAR’s management team, led …

Willis, Aon and Verisk Agree: Q1 Cat Bonds Hit Record Issuance

There’s more evidence that catastrophe bond issuance hit record territory again during Q1. This time, Aon Securities and a division of Willis Towers Watson are making the call, after a Verisk arm did so earlier in April. The Aon Benfield …

Unaddressed Cultural Clashes Cause Many M&A Failures: Willis Towers Watson

Many insurers see cultural integration as a major post-deal challenge, but few use employee engagement as an indicator of integration success, according to a survey of senior insurance executives conducted by Willis Towers Watson M&A Risk Consulting in conjunction with …

CGSC Appoints Wallin as Group Commercial Director with M&A Expertise

Cooper Gay Swett & Crawford (CGSC), the London-based reinsurance, wholesale and specialty broker, announced the appointment of Andy Wallin as group commercial director. He takes up the role with immediate effect. Wallin brings to his new role over a decade …

Hearn of CGSC to Become CEO of Lloyd’s Broker CGNMB After Newman Retires

CGNMB LLP, the London-based Lloyd’s broker, announced that Gordon Newman will retire from his role as CEO on April 20. Subject to regulatory approvals, his role and responsibilities will be assumed by Steve Hearn, CEO of Cooper Gay Swett & …

Independent Agents Seek New, Strong Performing Carriers: Survey

Independent insurance agents are seeing revenue growth and would like to grow more, but they’ll need help from carriers. Agents indicate a strong desire to add new carriers, but only if those carriers can demonstrate strong performance when it comes …

Lockton Opens Morocco Office, Based in Casablanca Finance City

Lockton, the largest privately held, independent insurance broker in the world, has opened an office in Morocco, based in Casablanca Finance City (CFC), an economic hub for the region. Lockton’s Middle East operations serve clients in the marine, aviation, energy, …

AmTrust Accuses Ex-Broker Partner in Italy of Threats, Bribery, Data Theft

The box arrived at his home in Italy and, when he opened it, the insurance executive was chilled by its contents: nine bullets, one each for him, his wife and their seven children. Sent by “persons unknown,” the package is …

Aquiline Capital to Buy UK’s Simply Business, an Online Small Business Brokerage

New York-based private equity firm Aquiline Capital Partners LLC on Monday entered into a definitive agreement to acquire Simply Business, an online brokerage service, which delivers tailored small business insurance policies in the United Kingdom. “Simply Business is an innovator in the …