insurance start-ups News

New Independent London Broker, Ballantyne Brokers Ltd., Opens for Business

Ballantyne Brokers Ltd., an independent London broker, announced it has started business. Founded by veteran London market brokers, Ross Ballantyne and Richard Spragg, the leadership team also includes David Ledger, former Aon Benfield chairman and Aon UK chief operating officer, …

U.S. Taxes Push Insurance Start-Ups Offshore: Fishman

Jay Fishman, who built New York-based Travelers Cos. into one of the world’s biggest insurers, lamented that disparities in tax rates are pushing established rivals and industry newcomers outside the U.S. Over the past 15 years or so, “we’ve counted …