Hub International Ltd. (Hub), the Chicago-based insurance broker, announced it has acquired the assets of Azur Consulting Services Inc. Terms of the transaction were not disclosed. Located in Longueuil, Quebec, Canada, Azur Consulting Services provides employee benefits consulting, including group …
Integro Insurance Brokers Holdings Ltd., the parent of UK-based firm Risk Transfer Group (RTG), which trades under the RFIB brand, announced that Steven Beard, CEO of RFIB will be stepping down, effective immediately. On Jan. 1, 2020, Integro completed its …
Total compensation and salary adjustments on average fell slightly in agencies responding to the 2019 Agency Salary Survey – but that trend didn’t impact employee satisfaction. On average, employee satisfaction with compensation overall rose again in 2018. How will satisfaction …
In today’s landscape, forward-thinking agencies and brokers should avoid taking a one-size-fits-all approach by only targeting the general insurance market. The market is heading toward specialization, and the next step to insurance industry success is identifying a niche. It may …
Insured losses from major natural catastrophes in 2019 totaled roughly $53.0 billion, about 18% lower than the annual average since 2011, according to a report from Willis Re. This figure compares with Aon’s recently released total of $71 billion for …
J.C. Flowers & Co, the U.S. investment and financial services-focused private equity firm, is reviving plans for a potential sale of its French loan insurance broker Financiere CEP, according to people familiar with the matter. The firm is considering various …
Tysers, the London-based broker, announced it has taken a minority investment in Bermuda’s newly formed and first independent managing general agent Helix Underwriting Partners Ltd. “As we enter the 200th year of Tysers’ existence, we are delighted to be partnering …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it increased its stake in Capsicum Reinsurance Brokers from 33% to 100%, effective Jan. 1, 2020. Financial details of the transaction were not disclosed. Founded in December 2013 by …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has acquired a 60% interest in Caribbean insurance broker Risk Management Services Ltd. (RMS). Terms of the transaction were not disclosed. Formed in 1978 and located in Port …
Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd. Terms of the transaction were not disclosed. Headquartered in Nelson, British Columbia, Canada, with nine additional offices across the province, RHC …
