Agents & Brokers News

RFIB Launches Transaction Solutions Division, Names Wilson as Division Head

RFIB Group Ltd., the international Lloyd’s insurance and reinsurance broker, has launched a Transaction Solutions business with the appointment of James Wilson to lead the division. Reporting to Paul Chilton, chief operating officer, Wilson brings over 12 years’ experience in …

Hub’s Totten Insurance Group Buys Canadian Resources Insurance Solutions

Totten Insurance Group, the Toronto-based managing general agency, announced that it has acquired the shares of Canadian Resources Insurance Solutions Inc. (CRIS), a Sudbury, Ontario-based insurance wholesaler. Terms of the acquisition were not disclosed. This strategic acquisition expands Totten’s footprint …

Arthur J. Gallagher & Co. Acquires UK-Based Orb Financial Services Ltd. 

Arthur J. Gallagher & Co. announced the acquisition of Orb Financial Services Ltd. in Surrey, England. Terms of the transaction were not disclosed. Founded in 2007, Orb Financial Services is an employee benefits consultant and broker offering a full range of …

Capsicum Re Hires Bousfield, Palmer and O’Dwyer-Smith to Cyber Team  

Capsicum Re*, the specialist reinsurance broker, announced it has hired Patrick Bousfield, Jane Palmer and Alice O’Dwyer-Smith to its cyber team. They are based in the London office and report to Ian Newman, a partner in Capsicum Re’s London property …

Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey: Participate Now

How are firms attracting and keeping new talent?  How are organizations using data to provide their clients with insights into their business? Will historical growth rates be sustainable?  What functions with an agency are becoming increasingly specialized?  These are some …

Towergate London Market Appoints Pearce to Lead Growth Strategy

Towergate Insurance announced the appointment of Neil Pearce as managing director of Towergate London Market.* Pearce will join Towergate on Sept. 5, 2016 and report directly to group Chief Executive Officer David Ross. Pearce joins Towergate from RKH Specialty where …

Workers’ Comp Line Achieves ‘Significant’ Profit in 2015: Fitch

The U.S. workers’ compensation insurance market achieved a “significant” underwriting profit in 2015, but trends call into question whether such a result can be repeated, Fitch Ratings concluded in a new report. For 2015, the workers’ compensation combined ratio came …

Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global

Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at more than 80 independent insurance brokers. The survey …

What Keeps D&Os Awake at Night? Coverage Concerns Rise Up the List

There are lots of emerging liability risks that may be keeping corporate directors and officers awake at night, which is why their D&O insurance protection is rising up their list of concerns. “The worry of whether or not a D&O …

Non-Life Cat Bond Issuance Hits $2.8B During 1H 2016: Willis Towers Watson Report

Total non-life catastrophe bond market issuance for the first half of 2016 rose to $2.8 billion, according to the latest ILS market update from Willis Capital Markets & Advisory (WCMA), the investment banking business of Willis Towers Watson. After starting …