Agents & Brokers News

Global Risk Partners Completes Acquisition of LONMAR

Global Risk Partners Ltd., the insurance broking and managing general agency (MGA) investment vehicle, has completed its backing of the management buyout of LONMAR Global Risks, the London-based specialist Lloyd’s broker. Originally announced last month, the transaction was subject to regulatory …

Urgent Action Needed to Tackle Systemic Threat of Cyber Risk: Marsh & TheCityUK

Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present a “real and present danger” to the financial system, according to a new report published by TheCityUK and Marsh. Only …

Longhurst Named Broking & Distribution Director for Towergate London Markets

Towergate Insurance has appointed Paul Longhurst as Broking and Distribution director of Towergate London Markets. Longhurst joins Towergate from Bluefin, where he has been London market broking director for 25 years. Longhurst ran the SBJ London market broking team until …

Gallagher Acquires Canadian Personal & Commericial Lines Broker, B.R. Rhymer

Arthur J. Gallagher has acquired B.R. Rhymer Insurance Agencies Ltd., a Canadian personal and commercial lines broker located in Winnipeg, Manitoba. The agreement will see the business, which has been operating under a franchise agreement since 1995, become wholly owned …

Chedid Capital Acquires 75% Share of UAE Broker Al Manara Insurance Services

Chedid Capital Holding, in collaboration with a group of investors in Dubai, has acquired 75 percent of Al Manara Insurance Services Co. Ltd., an insurance brokerage firm with more than 25 years of experience in the United Arab Emirates. This …

Aon Signs $1.3B Pension ‘De-Risking’ Deal with UK’s Pension Insurance Corp.

Pension Insurance Corp. agreed to insure 900 million pounds ($1.3 billion) of Aon Plc’s Retirement Plan in the U.K. as the world’s second-largest insurance broker seeks to reduce risk. The agreement with Aon covers the majority of the pension fund’s …

Gallagher Partners with Cardinus to Help UK Clients Cut Risk of Underinsurance

Arthur J. Gallagher* has partnered with independent specialist Cardinus Risk Management to offer its commercial property and property investor clients a cost-effective nationwide service that will help eradicate the risk of underinsurance and its far-reaching consequences. With figures revealing that …

Confie Buys Automobile Insurance Specialists, Trinity Insurance & Whitehead Insurance

Editor’s Note: This announcement has been updated to correct the name – Automobile Insurance Specialists Inc., based in Las Vegas. Confie has acquired three insurance agencies in Las Vegas, South Florida, and Washington State. Confie acquired the assets of: Automobile Insurance …

Sturrock Named Sr. VP in Marsh’s Political Risk and Structured Credit Practice      

Marsh announced that Abbey Sturrock has joined the firm’s Political Risk and Structured Credit Practice as a senior vice president within the Public Agency Group. Based in London, Sturrock is responsible for delivering Marsh’s advisory and placement capabilities for the …

Specialist Broker Capsicum Re Launches in Latin America; Operation Led by Smith

Capsicum Re, the London-based specialist reinsurance broker, announced it has launched Capsicum Re Latin America (CRLA). “This is a major step in Capsicum Re’s strategy to become a full service, international, challenger reinsurance broker,” said the company, adding that the …