brokers News

US Brokers’ Employees Attend London’s Beazley Broker Academy at Lloyd’s

A bulletin from Lloyd’s notes that “high potential employees from US broking firms will spend the coming week in London, standing in the shoes of the Lloyd’s underwriter and gaining a detailed understanding of how business is transacted in the …

Lockton Enters Strategic Relationship with Ecuador Broker Security Re

Privately-owned global insurance broker Lockton announced that it “plans to strengthen its position in Latin America by entering into a joint venture with facultative reinsurance broker, Security Re, in Ecuador.  “The new venture will be titled Lockton Security Intermediarios De …

R K Harrison Hires Rees to Lead New Cyber Risk Practice

Employee-owned, London-based  insurance broker R K Harrison announced that David Rees has joined the firm to “head a dedicated cyber practice within its specialist casualty team, responding to the increasingly sophisticated demands for coverage in this space.” Rees joins R …

UIB Restructures Property Team to Promote Growth

London-based international reinsurance broker UIB has overhauled its property team with a view to doubling the division’s revenues. UIB appointed Mark Ritson, formerly a UIB Energy director, to head the property division and to spearhead its growth. The team has …

Finaccord Survey Finds Growth in EU Commercial Non-life Brokerage Receipts

Newly released data from Finaccord, a London-based market research consultancy specializing in financial services, reveals that the market for commercial non-life insurance broking reached a value of €9.89 billion [$12.165 billion] in commissions and fees in 2011. The report said …

Kerr to Head BMS Growth in Australia, Asia-Pacific

Global broker BMS Group announced that it has “achieved another major strategic goal with the appointment of respected Australia-based facultative broker, Glenn Kerr.” Kerr will join the BMS’ wholesale team, led by Nick Cook, from Aon Benfield “upon completion of …

BMS Group’s Pioneer Names Hinman in U.S. Expansion

The UK-based BMS Group, an independent global broker, announced the appointment of delegated authority underwriter Gene Hinman, who will join its Managing General Agent (MGA) platform, Pioneer Underwriting Ltd, in a move BMS described as the achievement of “another significant …

Legrand Joins Broker MDS as COO to Expand International Business

MDS Holdings, the European and Latin American insurance brokerage group, announced that Jacqueline Legrand has joined the firm as Chief Operating Officer and Board director. She will be responsible for guiding the MDS’ expansion into new international markets outside of its …

R K Harrison Completes Specialty Lines Purchases from Gibbs Hartley Cooper

London-based R K Harrison announced that it completed the purchase of four businesses within Gibbs Hartley Cooper (GHC), a part of Marsh UK, on the 31st May. The businesses “comprise all of GHC’s Specie and Cargo practices and most of …

Hagerty Classic Car Insurance Now Available to Canadian Brokers

Hagerty Insurance Agency, the specialist provider of collector vehicle insurance, announced that as of April 24, 2012 its subsidiary, Hagerty Canada, LLC, will make similar coverage  available to all brokers in Canada. The policies will be underwritten by Aviva Canada Hagerty …