Agents & Brokers News

Guy Carpenter Names Guerriero as Interim Head of International Facultative Operations

Guy Carpenter & Co., the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Cos., announced that Frank Guerriero has been appointed as interim head of International Facultative Operations, reporting to James Nash, CEO, International, Guy Carpenter. Guerriero takes …

Hub International Acquires Ontario-Based ProCorp Financial

Hub International Ltd., a Chicago-based global insurance brokerage, announced it has acquired ProCorp Financial Inc. Terms of the transaction were not disclosed. Based in Ottawa, Ontario, Canada, ProCorp Financial is a boutique benefits and retirement consulting firm, specializing in estate …

Hub International Buys Canada Employee Benefits Consultant, Regency Advisory Corp.

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the Canadian employee consulting firm, Regency Advisory Corp. Terms of the transaction were not disclosed. Located in Saskatoon, Saskatchewan, Canada, Regency Advisory Corp. “provides innovative and proprietary benefit solutions …

Arthur J. Gallagher & Co. Acquires U.K.’s Anthony Hodges Consulting Ltd.

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Anthony Hodges Consulting Ltd. (AHC) in the United Kingdom. Terms of the transaction were not disclosed. Founded in 1996, AHC is a pension, change and reward …

Broker Clements Worldwide Buys Dutch Financial Services Broker, The Financials

Clements Worldwide, a Washington, D.C.-based insurance broker for individuals and organizations who work across international borders, announced the acquisition of The Financials for an undisclosed amount. Amsterdam-based The Financials enhances Clements Worldwide’s presence in the Netherlands and expands its reach …

Business Leaders Spend Less Than 1 Day a Year Focusing on Cyber Risk: Marsh Survey

A majority of busy board members and senior executives, who are responsible for their organization’s cyber risk management, spent less than a day in the last year to focus on cyber risk issues, according to a new report published by …

Here’s How Aon’s New Reinsurance Auction Works

The broker Aon plc has launched an auction capability for the Jan. 1, 2020 reinsurance renewals, which is designed to provide additional options for insurer clients by reducing the timeframe around pricing negotiations while providing contract certainty to secure pricing …

Marsh Taps AIG’s Manson, Aon’s Mills for U.K. Mgmt Liability, Wholesale Placement Roles

Marsh, the insurance broker and risk adviser, announced the appointments of Stephanie Pestorich Manson as chief client officer for Management Liability and head of Directors’ & Officers’ (D&O) Product and Jason Mills as wholesale leader in the U.K. Financial & …

Guy Carpenter Names Priebe as Chairman

Guy Carpenter & Co., LLC, the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced that David Priebe has been appointed to the role of chairman, effective immediately. Priebe will continue to report …

Aon Launches Real-Time Loss Forecasting for U.S. Hurricanes, European Windstorms

Aon plc has launched Automated Event Response (AER), designed to enable insurers to view real-time portfolio risks from two of the costliest perils: U.S. hurricane and European windstorm. Insurers, which aim to indemnify customers as soon as possible after a …