Insurance Journal

JULY 26, 2024

Three brokers – NFP, Clear Group, and Strategic Risk Group – each announced acquisitions during July. In reverse chronological order, the acquisitions are listed as follows: NFP, the New York-based insurance broker and Aon subsidiary, announced on July 24 that …

Risk 277

Risk Broker Insurance Broker Broker-Agent 277

Insurance Journal

OCTOBER 15, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced its launch in Asia Pacific with a new subsidiary in Singapore. As the first part of its expansion plans, SRG has, through …

Risk 243

Risk Broker Broker-Agent Insurance 243

Insurance Journal

JANUARY 9, 2025

Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said on Thursday was the first of its kind since Russia’s invasion of the country in Feb 2022. Companies in Ukraine have found …

Broker 242

Broker Commercial Property Commercial Risk 242

Insurance Journal

OCTOBER 30, 2024

Florida-based insurance broker King Risk Partners reports it has acquired Suzio Insurance Center, Inc., an independent insurance agency based in Meriden, Connecticut. Suzio Insurance Center was started in 1974 by the late Franklin Suzio and is currently headed by James …

Risk 277

Risk Insurance Broker Insurance Agency Insurer 277

Insurance Journal

NOVEMBER 21, 2024

Risk Strategies announced it has acquired the assets of Ohio-based employee benefits specialty organization Cornerstone Broker Insurance Services Agency, Inc., an Ohio-based national provider of employee benefits solutions. The sale also included the assets of ARC Benefit Solutions, which provides …

Risk 264

Risk Broker Insurance Insurer 264

Insurance Journal

OCTOBER 23, 2024

National specialty insurance broker Risk Strategies reported it has acquired George W. The acquisition expands the Risk Strategies Employee Benefits Practice in its New England region. Blaisdell Insurance, an employee benefits agency based in Hampton Falls, New Hampshire. Terms of …

Risk 264

Risk Insurance Broker Broker Insurer 264

Insurance Journal

NOVEMBER 12, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced the acquisition of One Claim Ltd. Based in Essex, England, One Claim provides broker partners and their clients with claims management support from initial notification through to settlement. The One …

Claim 258

Claim Risk Broker Broker-Agent 258

Insurance Journal

SEPTEMBER 30, 2024

Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and supported by OneAdvent, the specialist MGA services platform, …

Broker 246

Broker Broker-Agent Agents Insurer 246

Insurance Journal

JANUARY 7, 2025

Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could demonstrate differentiated strategies, reinsurance brokers Aon, Gallagher Re and …

Broker 246

Broker Risk 246

Insurance Journal

FEBRUARY 19, 2025

Florida-based insurance broker King Risk Partners announced its acquisition of the Kerr Agency Inc., This strategic acquisition furthers King Risk Partners’ expansion across the Northeast. an independent insurance agency located in Simsbury, Connecticut. Kerr is King’s fifth agency in Connecticut.

Risk 245

Risk Insurance Broker Insurance Agency Broker 245

Insurance Journal

DECEMBER 19, 2024

Augment Risk, the reinsurance and risk capital solutions broker, announced the appointment of Steve McElhiney as partner of newly created captive and alternative risk transfer solutions offering. Based in Dallas, Steve will develop Augment Risk’s efforts in creating legacy solutions …

Risk 246

Risk Broker 246

Insurance Journal

SEPTEMBER 5, 2024

EPIC Insurance Brokers & Consultants, headquartered in San Francisco, is now the official provider of risk management services for the Miami Dolphins football team and Hard Rock Stadium. The deal, announced Thursday, will not put the EPIC patch on Dolphins’ …

Risk 259

Risk Insurance Broker Broker Insurer 259

Insurance Journal

AUGUST 2, 2024

Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance. Based in Jacksonville and founded in 1977, US …

Broker-Agent 264

Broker-Agent Risk Building Insurance Agents 264

Insurance Journal

JANUARY 7, 2025

Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-exposed properties, is a managing general underwriter …

Underwriter 244

Underwriter Underwriting Risk Broker-Agent 244

Insurance Journal

NOVEMBER 5, 2024

Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. With underwriting handled in-house …

Liability 246

Liability Risk Underwriter Underwriting 246

Insurance Journal

JANUARY 26, 2025

Howard Reinsurance buyers generally found ample capacity during January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could demonstrate differentiated strategies, reinsurance brokers Aon, Gallagher …

Broker 225

Broker Risk 225

Insurance Journal

DECEMBER 18, 2024

King Risk Partners, one of the largest U.S. insurance brokers, has acquired Talbert Insurance Services in Duluth, Georgia, expanding King’s presence in the Southeast. Talbert, in business in north Georgia since 1982, offers personal and commercial insurance. Larry Talbert II …

Risk 246

Risk Commercial Insurance Insurance Broker Commercial 246

Insurance Journal

OCTOBER 21, 2024

Investment advisers, brokers, clearing agencies and others can expect … The US Securities and Exchange Commission’s examiners will step up scrutiny of financial firms’ use of artificial intelligence next year, the latest sign of regulators’ growing concerns about the emerging technologies.

Broker 278

Broker Risk 278

Insurance Journal

NOVEMBER 4, 2024

Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, to launch a new insurance facility to help organizations in the UK, EU, and US …

Risk 244

Risk Insurance Broker Broker Insurer 244

Insurance Journal

DECEMBER 12, 2024

Insurance broker Aon and the European Bank for Reconstruction and Development (EBRD) have structured a 110 million (US$115.6 million) facility to provide reinsurance capacity for international reinsurers and Ukrainian insurance companies to cover war-related risks in Ukraine. Under the Ukraine …

Risk 237

Risk Insurance Broker Broker Insurance Companies 237

Insurance Journal

JULY 22, 2024

This edition of International People Moves details appointments at insurance broker WTW and the re/insurer Everest Group. WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, as Garrard Becomes Chair Insurance … A summary of these new hires follows here.

Risk 264

Risk Insurance Broker Broker Claim 264

Insurance Journal

JANUARY 9, 2025

WTW Names Wegbrans as Head of Corporate Risk & Broking Europe Insurance broker WTW announced the appointment of Hugo … This edition of International People Moves details appointments at WTW and Howden Re. A summary of these new hires follows here.

Risk 244

Risk Insurance Broker Broker Insurance 244

Insurance Journal

SEPTEMBER 4, 2024

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Capulus, a specialist motor fleet managing general agent (MGA). Financial details of the deal were not disclosed. Based in Wales, Capulus’ team of 21 colleagues will join SRG’s …

Risk 264

Risk Agents Broker-Agent Insurance 264

Insurance Journal

NOVEMBER 5, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the deal were not disclosed. SRG said the acquisition reinforces its …

Risk 263

Risk Broker-Agent Insurance Insurer 263

Insurance Journal

APRIL 6, 2025

For many years, agents and brokers have advised clients about the benefits of telematics in reducing commercial auto risks. So, why havenit market conditions improved, and why is distracted driving still so prevalent? The answer comes down to follow- through.

Risk 162

Risk Broker-Agent Commercial Broker 162

Insurance Journal

APRIL 7, 2025

SecurityScorecard and Willis, a WTW business, announced a collaboration to enhance cyber risk quantification, improve insurance modeling, and strengthen enterprise security strategies for organizations worldwide. As part of this partnership, SecurityScorecard has named Willis as its official insurance broker. By …

Cyber 147

Cyber Broker Insurance Broker Risk 147

Insurance Journal

SEPTEMBER 30, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced that its acquisition by Warburg Pincus, a global growth investor, and Temasek, the Singapore-based investment company, has been completed. With the necessary regulatory approvals now received, the partnership marks a …

Risk 264

Risk Broker-Agent Insurance Insurer 264

Insurance Journal

JANUARY 24, 2025

Specialist Risk Group (SRG), the London-based insurance intermediary, announced it will acquire the assets of Ecclesia Group in The Netherlands and Belgium a move that will see seven businesses and 700 new colleagues across the two countries join SRG.

Risk 245

Risk Broker-Agent Insurance Insurer 245

Insurance Journal

NOVEMBER 27, 2024

Insurance broker Aon plc announced it has signed a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), enhancing Aon’s risk and health capability offering in Japan. Financial details of the deal were not disclosed.

Insurance Agency 290

Insurance Agency Insurance Broker Broker Insurer 290

Insurance Journal

MARCH 4, 2025

Fast-growing insurance broker King Risk Partners has acquired The Insurance Center, an independent insurance agency in Warwick, Rhode Island. Terms were not disclosed. Founded in 1973, The Insurance Center serves individuals, families, and businesses in Warwick and throughout Rhode Island, …

Risk 165

Risk Insurance Broker Insurance Agency Broker 165

Insurance Journal

SEPTEMBER 19, 2024

This edition of International People Moves details appointments at the Bermuda-based re/insurer Vantage Group Holdings and the insurance broker Miller. Vantage Promotes Granda to Head of Political Risk and Credit Vantage Group … A summary of these new hires follows here.

Risk 203

Risk Insurance Broker Broker Insurance 203

Insurance Journal

SEPTEMBER 25, 2024

Insurance broker WTW has launched a new China Client Division within Corporate Risk and Broking, North America (CRB NA), as part of its strategy to expand its presence and broaden offerings focused on the Chinese market. The new China Client …

Insurance Broker 263

Insurance Broker Broker Risk Broker-Agent 263

Prof. Allan Manning

MARCH 4, 2025

We naturally hope that the cyclone changes course again and moves away from the coast but if the predications are correct and it will hit landfall in a very populus part of Australia, both organisations are set to provide the best possible response to those affected and their insurers and general insurance brokers.

Insurance Broker 235

Insurance Broker Broker Claim Business Interruption 235

Insurance Journal

NOVEMBER 7, 2024

This edition of International People Moves details appointments at the brokers Marsh and Clear Group. Marsh Names Fraser as Int’l Corporate & Commercial Leader Marsh, the insurance broker, risk adviser and Marsh … A summary of these new hires follows here.

Commercial 246

Commercial Insurance Broker Broker Risk 246

Insurance Journal

AUGUST 22, 2024

Corporate risk managers looking to gauge the likelihood that their directors and officers will be sued and how much that might cost have a new digital tool to help them. Global insurance broker Aon has launched its Directors and Officers …

Insurance Broker 264

Insurance Broker Broker Insurer Insurance 264

Insurance Journal

FEBRUARY 19, 2025

CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now bulk quote their entire book …

Broker 147

Broker Cyber Broker-Agent Liability 147

Prof. Allan Manning

FEBRUARY 10, 2025

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. of their loss.

Business Interruption 189

Business Interruption Claim Insurance Insurer 189