Agents & Brokers News

AmWINS Gets Backing for Unicorn MGA from Berkshire Hathaway International

U.S.-based global insurance distributor AmWINS Group Inc. announced it has secured backing from AA+ rated Berkshire Hathaway International Insurance Ltd. for its London-based managing general agent (MGA), Unicorn Underwriting, to write motor fleet business. Unicorn will focus initially on specialist …

2015 Global Insured Losses Lowest Since 2009 Despite El Niño Effects: Carpenter

One of the strongest El Niño periods on record and a positive phase of the North Atlantic Oscillation were the climate drivers in 2015 that led to an exceptional season of Pacific tropical storms and severe windstorms and flooding in …

Lloyd’s Insurers Lead New Trend to Sell Legacy Portfolios: Willis Towers Watson

The majority of Lloyd’s businesses (77 percent) are considering legacy portfolio disposals, with more than half of firms based in western Europe (53 percent) expecting to make at least one sale in the next three years, according to Willis Towers …

Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT

The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence that insurance has absorbed …

Insurance Journal Survey for Young Agents: Speak Now!

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. The results will be …

Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re

The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power increasingly moving to the center, according to the findings of a new global survey by Willis Re, the reinsurance business …

Mauritius-Based Reinsurance Solutions Launches London Subsidiary

Reinsurance Solutions Group announced the launch of its London subsidiary, Reinsurance Solutions London Ltd. Reinsurance Solutions is a Mauritius-based reinsurance broking group trading across Africa with subsidiaries in Kenya, Cote d’Ivoire, and now London. The group, established 20 years ago, …

Gallagher’s Agnew Named Chair, London & International Insurance Brokers’ Assn.

Arthur J. Gallagher International announced that Andrew Agnew, managing director of specialty and member of its executive committee, has been appointed chairman of the London & International Insurance Brokers’ Association (LIIBA). He succeeds Steve Hearn of CGSC and takes up …

Integro Acquires London-Based Broker, Croton Stokes Wilson Holden

International insurance broker and risk management firm Integro Ltd. announced the acquisition of London-based Lloyd’s broker Croton Stokes Wilson Holden Ltd. Financial considerations of the transaction have not been disclosed. Founded in 1988, Croton Stokes Wilson Holden Ltd. (CSWH) has …

Telematics-Based Car Insurance Policies in UK Increase by 40%: BIBA Survey  

The number of live telematics-based motor insurance policies, including black box policies, in the UK has increased by 40 percent, according to the latest annual research by the British Insurance Brokers’ Association (BIBA). These types of policies can offer savings …