Agents & Brokers News

Boutique Broker McGill and Partners Launches Bermuda Operation

McGill and Partners, the boutique specialist re/insurance broker, is set for further expansion following regulatory approval for its Bermuda operation. The office will officially open later this month. The Bermuda office will complement McGill and Partners’ other international operations as …

New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round

New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and Faiz Shams. The startup aims to use the capital infusion to expand its team, strengthen product development and …

Aston Lark Acquires UK Insurance Broker S. Johnson & Co.

Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of S. Johnson & Co. Ltd. Established in 1990 and based in Birmingham, England, with a dedicated team led by Steven Johnson and Graham Ettrick, …

Lloyd’s Broker Tysers Launches Specialist Products for New Live Events Landscape

Lloyd’s broker Tysers has developed and diversified its entertainment insurance products and services to reflect the new live events landscape. For the music & live events sector, the broker has launched two schemes: Tysers Freelancers, an online insurance solution available …

Howden Acquires CHB Insurance Brokers in Estonia

Howden, the international insurance broker, announced the acquisition of CHB Insurance Brokers (CHB), one of the pre-eminent property/casualty brokers in the Baltic region. Financial details of the transaction were not disclosed. The acquisition represents Howden’s first step into the Baltic …

Activist Investors Starboard Value, Elliott Management Take Stakes in Willis: WSJ Report

Activist investors Starboard Value LP and Elliott Management Corp have taken stakes in insurance broker Willis Towers Watson PLC, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Starboard, Elliot and Willis Towers did not immediately …

Broker BMS Re Launches Operations in Brazil, Led by 2 Former Guy Carpenter Execs

BMS Re, the independent specialist reinsurance broker, announced the launch of BMS Brasil Corretora de Resseguros Ltda (BMS Re Brazil), headquartered in Sao Paulo. Confirmation of BMS Re Brazil’s license was published in the Official Gazette on Sept. 27. José …

Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey

Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an insurance agent or broker …

Broker/Fintech Provider Acrisure Buys New York-Based Tempo Title

Acrisure, the global insurance broker and fintech services provider, announced it has entered the real estate services business through its acquisition of Tempo Title, one of the largest private title insurance and settlement service providers in the United States. Financial …

Aston Lark Buys 2 Brokers: Abbey Murphy Insurance and The Health Insurance Co.

Aston Lark, the Goldman Sachs-based insurance broker, announced two acquisitions in one day: Deanspoint Insurance Brokers, which trades in Ireland as Abbey Murphy Insurance, and The Health Insurance Company, based in Bournemouth, England. Financial details of the deals were not …