Agents & Brokers News

Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh

Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021, …

Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners

Amwins Global Risks, the London-based international arm of global specialty insurance broker Amwins, announced the acquisition of Roberts Armytage & Partners (RAP), the specialist, energy and marine-focused London broker. Financial details of the transaction were not disclosed. As the energy …

January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle

The most challenging January reinsurance renewals in nearly two decades saw global property catastrophe rate increases of 25% to 60% with loss-affected clients facing even higher prices, according to John Doyle, president and chief executive officer of Marsh McLennan Cos. …

Acrisure Re’s Facultative Team Expands Into Poland Via Partnership With Smartt Re

Acrisure Re, the re/insurance division of top-10 global insurance broker and fintech platform Acrisure, announced that its facultative team has signed a preferred partnership broker agreement with Smartt Re, specifically for Central Eastern European (CEE) facultative business, effective immediately. Headquartered …

Miller Restructures Business Into 2 Divisions to Support UK and International Growth

Miller, the London-based independent specialist re/insurance broker, announced the strategic re-alignment of its business into two divisions, Miller UK and Miller International, as the firm continues to build out its presence both in the UK and internationally. Miller International will …

Howden Tiger Forms Broking Division by Aligning Facultative, Consortia, Facilities Teams

Howden Tiger announced the creation of a new broking division, Howden Tiger Fac, which aligns the facultative, consortia, facilities expertise and specialty reinsurance capabilities from across the newly combined business. Howden Tiger Fac will be led in London by Gordon …

Consilium Launches Cedent Facultative Reinsurance Division

Consilium, the London-based speciality re/insurance broking business of the Aventum Group, announced the launch of a new cedent driven facultative (FAC) reinsurance division. Simon Richardson has been appointed managing partner of the new division and following his notice period will …

NFP Acquires UK’s Direct Safety Solutions

NFP, the New York City-based property/casualty insurance broker and consultant, announced it has acquired Direct Safety Solutions Ltd., a UK-based health and safety consultancy. Financial details of the deal were not disclosed. Based in the West Midlands, England, Direct Safety …

France’s Verlingue Buys Broker Cabinet Depeyre and MGA Depeyre Solutions

French broker Verlingue, a subsidiary of Adelaïde Group and specialist in corporate protection, is continuing its external growth strategy with two new acquisitions that will consolidate its presence in the Grand Est region of France. Financial details of the deal …

Ardonagh Specialty Joins Global Broking Network, Brokerslink

Brokerslink has added Ardonagh Specialty to its international network. Three businesses within Ardonagh Specialty – Ed Broking, Ed Bermuda and Piiq Risk Partners – are existing Brokerslink partners, and remain in the network. The new move brings in the entire …