Agents & Brokers News

H.W. Kaufman’s Cranbrook Underwriters Relocates London Office 

Cranbrook Underwriters, an H.W. Kaufman Financial Group company, announced the relocation of its London offices to One Minster Court, Mincing Lane, London EC3R 7AE, U.K., in the heart of London’s financial center. This strategic move follows the relocation of two …

Marsh Completes Acquisition of Bluefin Insurance from AXA

Marsh, the wholly owned subsidiary of Marsh & McLennan Cos., said it has completed the previously announced acquisition of Bluefin Insurance Group Ltd., a subsidiary of AXA UK plc, from AXA Group. Founded in 2008, Bluefin has approximately 1,500 colleagues …

Reinsurers Can Expect Another Difficult Year, Seeking Price Stabilization: Willis Re

Despite a 50 percent increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results for the third quarter and remains on track to close out another profitable full year, according to a report published …

Hong Kong Agents, China Insurers Face Tech-Related Disruptions: 2017 Predictions, Part 4

The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a prediction for the future of …

China’s Regulator Toughens Insurer Licensing Requirements: Sources

China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people with knowledge of the matter. Concerns about …

Guy Carpenter Forms Global Strategic Advisory Unit with Bentley as President

Guy Carpenter & Co. announced a newly created Global Strategic Advisory organization comprised of its Advisory, Analytics, Structured Risk, M&A Advisory, Lloyd’s Capital and Business Intelligence capabilities. Rob Bentley has been appointed president of Global Strategic Advisory. He re-joins Guy …

Guy Carpenter Appoints Nash as President of New International Division

Guy Carpenter & Co. announced the appointment of James Nash to the newly created role of president, International, subject to regulatory approval. Nash, who currently runs Guy Carpenter’s Asia Pacific operations, will continue reporting to Peter Hearn, president & CEO of Guy Carpenter, and …

National General Purchases Non-Standard Auto Renewal Rights from Nationwide

National General Holdings Corp. has entered into a renewal rights transaction with Nationwide Mutual Insurance Co. for its personal and commercial non-standard vehicle in-force policies. National General will partner with Nationwide’s exclusive and independent agent force to sell its policies …

Marsh Names 25 Apprentices in UK to Promote Youth Opportunities

Marsh announces the appointment of 25 apprentices to its 2016 UK Apprentice Program, which offers young people employment and training opportunities across the firm’s UK office network. This year’s apprentices join Marsh in Bristol, Edinburgh, Manchester, Newcastle and Norwich. Marsh’s …

New Zealand Quake’s Insured Losses Estimated at $705M-$3.5B: Aon Cat Report

Insurance losses from last month’s magnitude 7.8 earthquake in New Zealand are likely to range between NZ$1.0 to 5.0 billion (US$705 million and US$3.5 billion), according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. At …