People Moves: Aon Promotes Romeo to CEO of Bermuda Reinsurance Operations; Acrisure Re Taps Hodges From Howden Tiger as EVP March 4, 2024 This edition of International People Moves details appointments at Aon’s Reinsurance Solutions Bermuda unit and Acrisure Re in London. A...
25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey March 4, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2023, continuing...
Howden Acquires Ireland’s Intersure Group February 29, 2024 Howden, the London-based insurance intermediary group, announced it has acquired Intersure Group Ltd., trading as Intersure Group, further strengthening its...
Agents, Brokers Achieve Record Annual Growth in 2023 February 26, 2024 The independent insurance agent and broker channel posted an organic growth rate of 10.3% in 2023 — the highest annual...
Truist Agrees to Sell Rest of Insurance Arm to Stone Point, CD&R February 20, 2024 By Matthew Monks Truist Financial Corp. agreed to sell a majority stake in its insurance brokerage business to a group led by Stone...
Ares Leads $3.3 Billion Private Loan for UK Insurance Broker Ardonagh at Low Rate February 16, 2024 By Silas Brown and Ellen Schneider Ares Management Corp. is leading a $3.3 billion private credit loan for UK insurance broker Ardonagh Group Ltd., with the...
Howden to Acquire Captive Manager ARM Group Holdings February 15, 2024 Howden, the London-based insurance intermediary group, announced it has agreed to acquire ARM Group Holdings Ltd., the parent of Alternative...
Arthur J. Gallagher & Co. Acquires London-Based Simply-Communicate Ltd. February 13, 2024 Arthur J. Gallagher & Co. announced the acquisition of London-based The Wright Agency Ltd., doing business as Simply-Communicate Ltd. Terms...
Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023 February 9, 2024 By L.S. Howard Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown...
Howden Has $1.4 Billion for Growth, Could Tap New Investor for Extra Firepower February 9, 2024 By Pablo Mayo Cerqueiro Howden, one of the world’s largest privately owned insurance brokers, has 1.1 billion pounds ($1.4 billion) for growth, including acquisitions,...