Agents & Brokers News

Commentary: An Economic Case for Internal Perpetuation

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 …

Brokenshire Appointed Global Chief Operating Officer of JLT Re

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. …

UK SMEs Fail to Outsource Non-Core Business Activities: Broker Survey

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 …

Execs Worry More About Tech Costs Than Regulation, Cyber Attacks: Willis

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 …

Guy Carpenter Names Summers as Head of International Facultative Re

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 …

JLT Re Appoints Walters to Support International Growth, Client Development

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 …

Arthur J. Gallagher Completes Leadership Team with 4 Executive Appointments

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 …

What Agents Want for Future Growth: Channel Harvest Survey

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 …

Dircks Named Senior Vice President for Lockton Global Energy in Bermuda

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 …

Marsh to Acquire UK-Based Broker, SME Insurance Services

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 …