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The practice aligns existing capabilities from Marsh Specialty and others.
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The executive will focus on food and beverage manufacturers and distributors.
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Existing non-competes for senior executives can remain in force, however.
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Light cat losses, reserve development, and pricing trends are key topics in Q1.
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Duncan Milne and Cabot Lyman are both leaving Aon for McGill.
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The Insurance Insider US news team runs you through the past week’s key M&A deals.
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NFP claims it has so far lost five clients to Alliant, resulting in damages of $2mn.
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The executive will report to Aon North America CEO Jennifer Bell.
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The announcement was made in a securities filing Thursday morning.
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He will manage the region’s sales and service teams.
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Eric Paire has been at Aon since 2018, having joined from Guy Carpenter.
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Based in New York, Rosensaft will report to Alliant’s R&W head Yem Mai.
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The broker attributed increased capacity to improving profitability.
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Pestana, Spera and Edwards join Alliant Specialty from rival retailer NFP.
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The executive will report to head of corporate strategy Stephanie Rabin.
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PCF claims it overpaid the first year earnout by over $19mn in the $226mn acquisition of Rice.
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The deal value represents roughly 4x last year’s insurance broking income.
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Participating members can purchase up to $10mn in (re)insurance.
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This follows the broker’s report last year, which also found a “notable uptick” in claims.
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Sources said the process will target buyout firms and will not be open to trade bidders.
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Spina will be based in New York and oversee surety accounts along the East Coast.
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The RfP covers the CEA and/or the California Wildfire Fund.
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The exit follows the broker moving its Climate Risk Advisory function into its Risk Capital segment this year.
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The challenger broker is continuing to build out its presence on the island.
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Insurance Insider US examines public brokers’ 2023 M&A.
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Sullivan is the former CEO of AIG and now a senior adviser at Lightyear Capital.
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The former MS Re CUO brings over 30 years of industry experience.
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WTW hired Kolos for transactional solutions, Chin for tax insurance and Kesack for contingent solutions.
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The P&C business will be led by managing director Brian Fischer.
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The brokerage will be led by CEO Priscila Conduta and VP Felipe Conduta.
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The subsidiary generated 2023 gross revenue of $34mn and adjusted Ebitda of ~$5mn.
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Ryan entered into a £200mn currency forward to manage the appreciation risk of the Castel deal.
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The deals completed in 2023 represented over $140mn of annual historic revenue, Ryan said.
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Organic growth was fueled by personal lines, which gained a record 10.3%.
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