Agents & Brokers News

Software Provider Vertafore Acquires Canada’s Keal Technology

Vertafore, the Bothell, Wash.-based insurance software provider, announced the acquisition of Keal Technology, a leading provider of broker and commercial management systems in Canada. The move extends Vertafore’s customer base into Canada, further enhancing its international footprint, the company said …

Marsh Captive Solutions Names Thomas-Ferrand Head of Strategy & Operations

Marsh Captive Solutions announced with immediate effect the appointments of Will Thomas-Ferrand as Strategy & Operations leader, Europe, the Middle East, and Africa (EMEA) and Asia Pacific, and Stephen Portelli as head of office in Malta. Both report to Ian …

UK’s Towergate and Ageas Announce 5-Year Capacity Deal

Towergate and its subsidiary Arista, a Lloyd’s coverholder, have formed a partnership with the insurer Ageas, which will provide capacity of £60 million ($82.9 million), each year for the next five years. The capacity will be used for Arista’s commercial …

Hiscox Launches E-Trading System for U.K. Commercial Brokers

After a successful pilot, Hiscox has launched Hiscox Trader, a new e-trading solution for U.K. commercial insurance brokers in partnership with insurance technology specialists Open GI London. The new cloud-based technology enables brokers to give their customers an indication of …

UK-Based Towergate Names Barnard as Chief Transformation & Change Director

Towergate has announced the appointment of James Barnard as chief transformation and change director. Barnard will play a key role in driving the change programs needed to transform Towergate, the Maidstone, England-based independently owned insurance intermediary, which has been restructuring …

Willis Group Reports (Pre-Merger) Q4 Loss of $24M, vs. Q4 2014 Earnings of $76M

Willis Group reported a net loss of $24 million, or $(0.35) per diluted share during the fourth quarter of 2015, compared to earnings of $76 million, or $1.12 per diluted share, in the prior year quarter. During the 12 months …

2,000 Agents Can’t be Wrong: They’re About to Tell Us What They Want from Carriers

Channel Harvest Research, in partnership with Insurance Journal, recently launched its 2016 national survey of independent agents’ attitudes about their carrier partners. This is the ninth annual study on key elements of the property/casualty agent-carrier relationship. Agents and brokers have …

Integro Insurance Announces O’Shea Joins UK Film & Television Team

Global insurance brokerage and risk management firm Integro Insurance Brokers Holdings Ltd. announced that entertainment specialist broker Kevin O’Shea has joined Integro’s UK Film & Television team, part of the firm’s entertainment practice, in London. A Chartered Insurance Broker, O’Shea …

Aon Reports 27% Rise in Q4 Net Income; 1% Decline During Full Year

London-based Aon plc reported net income attributable to Aon shareholders in the fourth quarter of 2015 was $584 million, or $2.09 per share, a 27 percent increase from $459 million, or $1.56 per share, reported during for the prior year …

Chinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia

China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “We’ve been …