Agents & Brokers News

Novatae Acquires UK-Based Broker Bretton Woods International

Novatae Risk Group announced that it acquired the Lloyd’s broker Bretton Woods International (BWI) of London. The transaction is subject to applicable regulatory approval and is expected to close before the end of the second quarter. Terms of the transaction …

Howden Acquires UK Sport and Entertainment Specialist Broker, Hencilla Canworth

Howden, the London-based insurance intermediary group, announced it has acquired Hencilla Canworth GI Ltd., a leading British independent specialist performing arts insurance broker. Founded in 1981, based in Croydon, UK, and trading since 2021 as Hencilla Canworth GI Ltd., Hencilla …

People Moves: Aon Promotes Romeo to CEO of Bermuda Reinsurance Operations; Acrisure Re Taps Hodges From Howden Tiger as EVP

This edition of International People Moves details appointments at Aon’s Reinsurance Solutions Bermuda unit and Acrisure Re in London. A summary of these new hires follows here. Aon Promotes Romeo to CEO of Bermuda Reinsurance Operations Insurance broker Aon plc …

25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey

Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing a trend that has now last more than 6 years. According to The Council of Insurance Agents and Brokers’ Q4 …

Howden Acquires Ireland’s Intersure Group

Howden, the London-based insurance intermediary group, announced it has acquired Intersure Group Ltd., trading as Intersure Group, further strengthening its ability to service the Irish insurance market, as it expands its geographical footprint across the country. Financial details of the …

Agents, Brokers Achieve Record Annual Growth in 2023

The independent insurance agent and broker channel posted an organic growth rate of 10.3% in 2023 — the highest annual level achieved since Reagan Consulting launched its quarterly growth and profitability study in 2008. According to a Reagan, at 22.8, …

Truist Agrees to Sell Rest of Insurance Arm to Stone Point, CD&R

Truist Financial Corp. agreed to sell a majority stake in its insurance brokerage business to a group led by Stone Point Capital and Clayton Dubilier & Rice. The all-cash transaction values Truist Insurance Holdings at $15.5 billion, the companies said …

Ares Leads $3.3 Billion Private Loan for UK Insurance Broker Ardonagh at Low Rate

Ares Management Corp. is leading a $3.3 billion private credit loan for UK insurance broker Ardonagh Group Ltd., with the debt’s pricing among the lowest seen in direct lending, people with knowledge of the matter said. Ardonagh’s loan is set …

Howden to Acquire Captive Manager ARM Group Holdings

Howden, the London-based insurance intermediary group, announced it has agreed to acquire ARM Group Holdings Ltd., the parent of Alternative Risk Management, one of the largest independent insurance managers in Europe and a specialist in the formation and management of …

Arthur J. Gallagher & Co. Acquires London-Based Simply-Communicate Ltd.

Arthur J. Gallagher & Co. announced the acquisition of London-based The Wright Agency Ltd., doing business as Simply-Communicate Ltd. Terms of the transaction were not disclosed. Simply is a workplace communication agency providing consulting services and digital solutions to enhance …