Agents & Brokers News

Ed Broking to Open Bermuda Operation

Ed, the London-based reinsurance, wholesale and specialty broker, announced that it will expand its international footprint by setting up a broking platform in Bermuda. Once approved by the Bermuda Monetary Authority, the operation will be built and led by Chris …

Draycott Named CEO of Ed Broking in Preparation for BGC Partners’ Purchase

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Andrew Draycott as CEO-designate of Ed Broking in London. His appointment is subject to regulatory approvals and he will take up his role once the acquisition of …

Gallagher Buys Boston Marks Group with Offices in N. Zealand, Australia, UK & U.S.

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, has acquired Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the United Kingdom, which are …

Gallagher Acquires UK Commercial Broker Pavey Group

Global insurance broker Gallagher has acquired commercial insurance broker Pavey Group Holdings in the southwest UK. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey Group was established in 1971 and has spent more than …

Aon Launches Intangible Asset Cover for Gig Economy Companies

Aon plc announced the launch of a new non-damage business interruption (NDBI) cover which is designed to protect the income streams of the growing number of companies with high levels of intangible assets, such as those operating in the gig …

JLT Re’s Chairman Howard Named Vice Chairman of Guy Carpenter

Guy Carpenter & Co., the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos. (MMC), announced a new leadership appointment from Jardine Lloyd Thompson Group plc (JLT). Effective upon closing of the transaction between …

Willis Towers Watson Announces Ganzi Will Succeed McCann as Board Chairman

Willis Towers Watson announced that James McCann will be succeeded as chairman of the board by Victor Ganzi, effective Jan. 1, 2019. McCann will step down as chairman three years after the merger of Willis and Towers Watson. He will …

Liberty Mutual Restructures Distribution for Commercial & Specialty Products

Liberty Mutual has introduced a new distribution model for the U.S. in an effort to improve broker access to the insurer’s full suite of commercial and specialty insurance products. Shaun Kelly, president Global Risk Solutions Distribution, said in a statement …

Willis Towers Watson Opens Office in Kazakhstan for Re/Insurance Business

Willis Towers Watson has boosted its presence in Kazakhstan by opening a new operation to serve clients in the country. Following recent regulatory approval, Willis Towers Watson Kazakhstan is able to conduct insurance and reinsurance business in this key Central …

JLT Re Acquires JLT March Re in Spain, Launches JLT Re Iberia

JLT Re, the global reinsurance broker and consultant, announced the launch of JLT Re Iberia, which follows the acquisition of JLT March Re, the fourth largest Spanish insurance broker, from financial group Banca March. Previously, the two companies operated JLT …