Agents & Brokers News

Canada Broker Westland Insurance Buys First West Insurance Services

Canadian broker Westland Insurance Group Ltd. announced the acquisition of First West Insurance Services, a subsidiary of First West Credit Union, effective Sept. 30, 2019. Financial details of the transaction were not released. First West Insurance Services provides personal, auto …

Arthur J. Gallagher & Co. Acquires Wales-Based Adjusting Associates

Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett International Ltd., has acquired the assets of Llantrisant, Wales-based Adjusting Associates LLP. Terms of the transaction were not disclosed. Established in 2002 to provide loss adjusting …

Specialist Broker SSL Endeavour to Launch Cyprus & Greece Subsidiary

Specialist independent Lloyd’s broker SSL Endeavour Ltd. announced it is planning to launch a wholly owned subsidiary, SSL Endeavour Insurance Brokers Ltd. Cyprus & Greece, pending regulatory approval. Headquartered in Cyprus with a branch office in Athens, SSL Endeavour Cyprus …

Nexus Buys Specialist Financial and Professional Lines MGA, Plus Risk Ltd.

Independent specialty managing general agent Nexus Group has acquired Plus Risk Ltd. (PRL), a London-based financial and professional lines MGA, providing management liability and niche professional indemnity insurance. Founded in 2017, PRL’s underwriting team is comprised of James Rasmussen and …

Canada’s Navacord Joins Brokerslink Global Network

Navacord, the Ontario-based commercial broker, has joined global broking business Brokerslink as the network’s latest affiliate in the North American region. Navacord, which trades under 15 different broker partner brands across Canada, has an ownership model that allows its partners …

Florida’s AssuredPartners Acquires UK-Based Hettle Andrews

AssuredPartners Inc. has acquired Birmingham, England-based Hettle Andrews & Associates Ltd. The transaction is subject to customary approval by the Financial Conduct Authority and the deal terms have not been disclosed. Hettle Andrews is an integrated risk management and insurance …

3 New African Affiliates Join Brokerslink Global Network

Global insurance broking business Brokerslink announced three new African affiliates have joined its global broker network bringing its presence across the Middle East and Africa region to 36 countries. The new affiliates are; Assureurs Conseil RĂ©unis (C.R.) in Gabon Indian …

New York-Based Broker NFP Buys Toronto’s McLean Hallmark Insurance Group

New York City-based insurance broker and consultant NFP announced it has acquired Canadian broker McLean Hallmark Insurance Group Ltd. Financial details of the transaction, which closed on July 2, were not disclosed. Based in Toronto, Ontario, with offices in Markham …

Brokerslink Bolsters Presence in Asia with Addition of 3 New Affiliates

Global broking business Brokerslink has bolstered its presence in Asia with the addition of three new affiliates in the region. South Korean LK Insurance Services, Malaysia-based State Insurance Services and John Foord in Singapore have all joined the broking network, …

Aon, Insurtech Startup Etherisc Launch Blockchain-Based Agriculture Insurance

Aon plc has partnered with anti-poverty organization Oxfam and insurtech startup Etherisc to launch a blockchain-based platform that provides agriculture insurance for smallholder farmers in Sri Lanka. Nearly 200 Sri Lankan farmers have enrolled to obtain micro-insurance protection against crop …