Agents & Brokers News

Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re

The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power increasingly moving to the center, according to the findings of a new global survey by Willis Re, the reinsurance business …

Mauritius-Based Reinsurance Solutions Launches London Subsidiary

Reinsurance Solutions Group announced the launch of its London subsidiary, Reinsurance Solutions London Ltd. Reinsurance Solutions is a Mauritius-based reinsurance broking group trading across Africa with subsidiaries in Kenya, Cote d’Ivoire, and now London. The group, established 20 years ago, …

Gallagher’s Agnew Named Chair, London & International Insurance Brokers’ Assn.

Arthur J. Gallagher International announced that Andrew Agnew, managing director of specialty and member of its executive committee, has been appointed chairman of the London & International Insurance Brokers’ Association (LIIBA). He succeeds Steve Hearn of CGSC and takes up …

Integro Acquires London-Based Broker, Croton Stokes Wilson Holden

International insurance broker and risk management firm Integro Ltd. announced the acquisition of London-based Lloyd’s broker Croton Stokes Wilson Holden Ltd. Financial considerations of the transaction have not been disclosed. Founded in 1988, Croton Stokes Wilson Holden Ltd. (CSWH) has …

Telematics-Based Car Insurance Policies in UK Increase by 40%: BIBA Survey

The number of live telematics-based motor insurance policies, including black box policies, in the UK has increased by 40 percent, according to the latest annual research by the British Insurance Brokers’ Association (BIBA). These types of policies can offer savings …

Miller Hires Jones to Lead North American Wholesale & Facultative Property Book

Honor Jones has joined London-based Miller Insurance Services to drive the growth of its wholesale and facultative property book in North America. Jones has over 20 years’ experience of placing risks on behalf of organizations with interests in a wide …

Alesco Appoints Bragg to Lead Latin American Property Facultative Team

Alesco Risk Management Services*, the specialist insurance and risk management broker, announced Adam Bragg will be joining as head of the organisation’s Latin America Property Facultative team. His primary focus will be developing business throughout Latin America, particularly in Peru, …

UK’s Towergate Hires Accenture to Manage IT Infrastructure Transformation

Towergate, Europe’s largest independently owned insurance intermediary, is undertaking an IT infrastructure transformation across its entire business to address challenges posed by legacy systems and lack of integration and has chosen Accenture as its strategic service provider. The transformation program …

Aon Renews Shortline Railroad Excess Liability Facility

Aon Risk Solutions, the global risk management business of Aon plc, announced that their proprietary Shortline Railroad Excess Liability Facility in London has been renewed through 2018. The Aon Shortline Railroad Excess Liability Facility, backed by the security of Lloyd’s …

UK’s Pool Re Renews Reinsurance Cover for Another 3 Years

Pool Re announced it has renewed the reinsurance cover purchased in 2015, for a further three years. The renewed cover, which now includes an additional layer, provides £1.95 billion ($2.8 billion) of commercial reinsurance compared with £1.8 billion ($2.6 billion) …