Agents & Brokers News

Drivers of Marsh & McLennan-JLT Deal: Too Much Capital, Not Enough Growth – Opinion

Too much capital and not enough growth. Faced with this ailment, the insurance sector is reaching for a costly remedy — M&A. Marsh & McLennan Cos. Inc. Tuesday became the latest [insurance industry participant]* to splash the cash, agreeing to …

GC Genesis, Guy Carpenter’s Insurer-Insurtech Matchmaker, Aims to Prevent Bad Relationships

Insurtech is often touted as the cure that will solve the insurance industry’s inefficient and antiquated processes – from distribution, to underwriting, to claims. While many insurers want to investigate the benefits of insurtech partnerships, most don’t have the first …

LAST CHANCE! Nominate Your Agency as a ‘Best Agency’ Today

Do you love your agency? Is it a Best Place to Work For? If so, don’t forget to nominate your agency to be named as one of Insurance Journal’s Best Agencies to Work For in 2018. The extended deadline is …

Hub International Acquires Ontario-Based Access Insurance Brokers

Hub International Limited (Hub), the Chicago-based insurance broker, announced that it has acquired Access Insurance Brokers Inc. Terms of the transaction were not disclosed. Headquartered in Ottawa, Ontario, Access Insurance provides personal and commercial insurance solutions. Rico Saleh and Daniel …

Aon Creates $350M of Cyber Capacity, Launches New Solution for Silent Cyber

Aon plc is continuing its investment in cyber by creating US$350 million of new reinsurance capacity and launching its silent cyber* solution. Aon’s silent cyber solution is designed to partner with carriers in their journey to identify, quantify and mitigate …

AIR Worldwide and Capsicum Re Collaborate to Enhance Silent Cyber Models

Catastrophe modeling firm AIR Worldwide (AIR) announced it is collaborating with reinsurance broker Capsicum Re to enhance the insurance industry’s modeling of what many refer to as “silent” cyber incidents. As part of the collaboration, the two firms will identify …

French Broker Verlingue Triples Its Size in UK Market with Acquisition of ICB Group

Specialist corporate insurance broker Verlingue announced it has acquired independent UK broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ICB, Verlingue triples its size in the UK market. It helps to …

Deadline Next Week: Nominate Your Agency as a Best Agency Today!

Do you love your agency? Is it a Best Place to Work For? If so, don’t forget to nominate your agency to be named as one of Insurance Journal’s Best Agencies to Work For in 2018. The deadline to submit …

Agencies Focus on Growing Larger Accounts: Channel Harvest Survey

Independent agents and brokers are focusing on growing the average size of their commercial lines accounts, according to “Agent Voices 2018,” a report based on a survey conducted earlier this year and cosponsored by Channel Harvest Research and Insurance Journal. …

THB Announces New Strategy, Leadership for UK Wholesale Broking Operation

THB, the London-based specialist insurance and reinsurance broker, announced new leadership and a new multi-sector strategy for THB UK Risk Solutions, its wholesale broking operation which places UK risks on behalf of some 1300 brokers. Declan Durkan, who joined THB …