Agents & Brokers News

Marsh Forms Specialty Business, ‘Marsh-JLT Specialty;’ Names Executive Team

Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the purchase of JLT by Marsh’s parent …

Miller Names New Equity Partners: Hands, Lane, Wheeler, Henderson and Speers

Miller Insurance Services LLP announced that it has boosted its partnership with five internal appointments. With effect from Jan. 1, 2019, James Hands, Charles Lane, Phil Wheeler, Martin Henderson and Ben Speers will be appointed as equity holding partners. Concurrently …

Hub International Acquires Saskatchewan-Based Tri-Line Agencies

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Tri-Line Agencies Inc. Terms of the transaction were not disclosed. Tri-Line Agencies is a full-service, independent insurance brokerage headquartered in Rose Valley, Saskatchewan, Canada, offering personal …

Marsh & McLennan’s $5.6B Acquisition of Broker JLT Gets Shareholder Nod

Marsh & McLennan Cos. Inc. announced that its £4.3 billion ($5.6 billion) acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT’s shareholders. Of those shares voted, 99.9 percent voted in favor of the transaction, said MMC …

Gallagher Buys Majority Stake in UK Property-Owners’ Broker Vasek Insurance

Rolling Meadows, Ill.-based broker Gallagher announced it has acquired a controlling interest in Purple Bridge Group Ltd., the holding company of UK specialist property insurance provider Vasek Insurance Services Ltd. The deal includes Vasek’s appointed representative Insure My Villa, and …

Hub International Acquires Ontario’s Proteus Performance Management

Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired Proteus Performance Management Inc. Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, Proteus provides specialized pension plan governance and investment consulting to corporate plan sponsors, …

Insurance Technologies Corp. Acquires Assurance Systems

Texas-based Insurance Technologies Corporation (ITC), a provider of websites, marketing, rating and management software and services, has acquired Assurance Systems Inc., an insurance technology provider in the southeastern United States. Founded in 1986, Assurance Systems product offerings include AccuAuto, its …

Willis Towers Watson Taps Marsh’s Willmott as Sales Leader for UK Corporate Retail

Willis Towers Watson announced the appointment of Adrian Willmott as sales leader for its Corporate Risk & Broking GB Retail business. Based in London, Willmott will be responsible for developing Willis Towers Watson’s integrated sales approach for the retail business …

UK’s Ed Broking to Be Acquired by BGC Partners

Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. Financial details of the deal, which is subject to a number …

AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac

AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in professional, entertainment and event insurance. It wasn’t …