Agents & Brokers News

Neon Selects TigerEye for U/W Analytics as It Grows Treaty Reinsurance Book

Neon, the specialist Lloyd’s insurer, announced that it has selected TigerRisk Partners’ TigerEye platform as its pricing and roll-up tool to support the company’s increasing presence in the property reinsurance marketplace. As previously announced, after completing a strategic review of …

Hub International Buys Toronto-Based HSBI Benefits

Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired HSBI Benefits Inc. Terms of the acquisition were not disclosed. Based in Toronto, Ontario, Canada, HSBI Benefits specializes in employee benefits insurance solutions. Curtis McCone, president of HSBI …

Arthur J. Gallagher Buys Brim, Expanding Scandinavia Specialty Footprint

Arthur J. Gallagher has extended its investment in Scandinavia by acquiring an 85 percent stake in Swedish specialist insurance and reinsurance broker Brim AB. With revenues of US$11.4 million and employing 29 people, Brim is a specialty broker with approximately …

Market Softening Slows but Rate Stabilization Is Elusive: Willis Re

The June/July 2016 renewal season has seen a continuation in market softening, though the magnitude of rate reductions is slowing, according to the latest 1st View Renewals report from Willis Re, the reinsurance business of Willis Towers Watson. Capacity withdrawals are …

UK Broker Network Compass Completes Management Buyout from Gallagher

UK broker network Compass has completed a management buyout from Arthur J. Gallagher, for an undisclosed sum. The deal sees the Compass business transfer into wholly independent ownership for the first time since its launch as a new network proposition …

Post-Brexit Market Rout Deepens UK Corporate Pension Deficits

Record low gilt yields following Britain’s vote to leave the European Union are deepening UK pension deficits, worsening a headache for domestic companies which may be called upon to help fill the gap. Several years of ultra-low British interest rates …

Cooper Gay Appoints Hacker as Group Chief Innovation Officer

Cooper Gay, the global reinsurance, wholesale and specialty broker, announced the appointment of Peter Hacker as group chief innovation officer. He takes up his role with immediate effect reporting to Steve Hearn, group CEO. Hacker will develop risk and advisory …

Willis Towers Watson CEO Haley Sees ‘Upside’ to Brexit

John Haley, who merged his U.S. consulting firm with an insurance broker this year to form London-based Willis Towers Watson Plc, said the company is well-equipped to deal with disruption from U.K. voters’ decision to leave the European Union. “In …

Cooper Gay Names Prinn as Head of Global Placement

Cooper Gay, the global reinsurance, wholesale and specialty broker, has appointed Jonathan Prinn as head of global placement. He takes up his new role on Sept. 12 and will report to Steve Hearn, group CEO. Prinn brings over two decades …

QBE Weighs Brexit-Effect; Marsh Considers Some Brexit Scenarios

QBE Insurance Group announced this week that it will be reviewing its UK-based operations in light of last week’s vote in the UK to leave the European Union. “The referendum outcome may require a revised approach in relation to approximately …