Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance carriers and managing general agents (MGAs), powered through modern technology …
Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years. Jeff Smith, Starboard’s chief executive officer, said Willis …
Howden, the London-based insurance broker, announced the acquisition of Foram Brokerage Ltd., an independent re/insurance broker based in Hamilton, Bermuda. Financial terms of the transaction were not disclosed. Foram is an independent re/insurance broker that provides speciality brokerage services in …
BMS, the UK independent specialist insurance and reinsurance broker, announced the acquisition of Seoul-based insurance broker, Value-add Insurance Broker (VIB). Financial terms of the transaction were not disclosed. As part of the acquisition, VIB will become BMS Korea, a newly-licensed …
Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The partnership with It’sSeg marks Acrisure’s entry into the Brazilian market and …
Aston Lark, the Goldman Sachs-backed broker, announced the acquisition of Absolute Products Ltd., its 40th deal since its formation in 2018 and its 24th in 2021 alone. Financial terms of the deal were not disclosed. Established in 2002, insurance broker …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Taupo, New Zealand-based Matt Jensen Insurance Brokers Ltd. Terms of the transaction were not disclosed. Founded in 2005, Matt Jensen Insurance Brokers provides a comprehensive range …
Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss Gallagher Insurance Brokers Ltd. Financial details of the transaction, which was first announced in July, will not be disclosed. Gallagher …
How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO of the Goldman Sachs-owned consolidator broking group, Aston …
Brown & Riding Focuses on Florida Brown & Riding, which calls itself one of the largest wholesale insurance brokerage firms in the United States, has named Justin Peterson and Brenda Roberson to its national casualty practice, focusing on Florida, the …
