Agents & Brokers News

NFP Completes Sale of Majority Stake in Kestra Financial to Stone Point Capital

NFP, an insurance broker and consultant, has completed the sale of a majority stake in Kestra Financial (Kestra) to funds managed by Stone Point Capital LLC (Stone Point), a private equity firm focused on investing in the financial services industry. …

Wedding Vendors Account for Most Costly Claims: Travelers

Problems with vendors amounted to 30 percent of claim payments for all wedding claims, according to Travelers Companies, Inc. which announced the findings of its recent analysis of wedding insurance claims from 2011–2015. Wedding venues going bankrupt, photographers failing to …

Aon Benfield Names Foord-Kelcey as Co-Head of Cyber Practice Group

Aon plc has appointed Luke Foord-Kelcey to co-head Aon Benfield’s Global Cyber Practice Group, reinforcing the firm’s commitment to cyber risk management and transfer. Based in London, Foord-Kelcey will be responsible for spearheading cyber – an emerging line of business …

‘Brexit’ Would Damage UK’s Leadership Position in Insurance: Aon

Aon Plc Chief Executive Officer Greg Case, who moved the insurance broker to London from Chicago four years ago, said the U.K.’s centuries-long leadership in the industry would be damaged if voters choose to leave the European Union. “The U.K. …

CGSC Appoints Kilminster as Head of Strategy and Change

Cooper Gay Swett & Crawford (CGSC), the London-based reinsurance, wholesale and specialty broker, announced the appointment of Wendy Kilminster as head of strategy and change. She takes up her role in September and will report to Andy Wallin, group commercial …

Miller Begins Succession Plans with New CEO Lined Up for 2017

Commencing its board succession plans, London-based Miller Insurance Services LLP announced that Greg Collins will be appointed deputy chief executive officer, with an aim to name him CEO next year. Miller also has appointed Ben Speers to the board as …

Global Disasters During May to Cost Insurers at Least $7B: Aon Report

Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires, floods, and storms, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. An historic wildfire caused catastrophic damage in …

Gallagher Appoints 2 Former Willis Aviation Brokers as Divisional Directors

Arthur J. Gallagher has appointed two former Willis aviation brokers, Mark Champion and Paul Rogers, as divisional directors. With combined experience of nearly 70 years, Gallagher said the hiring of these “industry stalwarts [underlines] its commitment to the aviation arena.” …

UK’s Global Risk Partners Acquires Cavendish Munro Professional Risks

Global Risk Partners Ltd. (GRP), the insurance broking and managing general agent investment vehicle, has completed its acquisition of Cavendish Munro Professional Risks Ltd., the specialist retail broker. Cavendish Munro is a London-based professional indemnity (PI) specialist, focused primarily on …

JLT Re Hires Marc-Antonio as Global Head of Client Relationship Management

JLT Re, the reinsurance broking and consultancy, has appointed Francesca Marc-Antonio as global head of Client Relationship Management. This new role will see Marc-Antonio become a member of the JLT Re Global Executive Committee, working closely with her senior colleagues …