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Vanbridge expands offerings with two acquisitions

By: Shelby Livingston

Published March 04, 2015 - 2:48pm CST

Insurance broker Vanbridge L.L.C. has agreed to acquire Boston-based Alan Gray Inc. and Deerfield Beach, Florida-based Universal Insurance Services.

JLT's 2014 revenues up on steady performance in its diverse holdings

By: Sarah Veysey

Published March 03, 2015 - 10:39am CST

Jardine Lloyd Thompson Group P.L.C. posted revenues of £1.10 billion ($1.70 billion) for 2014, up 6.2% from £979.15 million ($1.51 billion) in 2013, the London-based brokerage said Tuesday.

London broker snags competitor’s energy team

By: Sarah Veysey

Published March 02, 2015 - 12:40pm CST

London-based insurance and reinsurance brokerage THB Group Ltd. has hired a team of energy brokers from London-based Howden Insurance Brokers Ltd.

NARAB could become a reality in two years

By: Mark A. Hofmann

Published March 01, 2015 - 6:00am CST

Agents' and brokers' longtime dream of establishing a national clearinghouse for nonresident state licensing could become a reality in two years.

2015 Innovation Awards: Marsh L.L.C.

By: Judy Greenwald

Published March 01, 2015 - 6:00am CST

usa.marsh.com

2015 Innovation Awards: Arthur J. Gallagher & Co.

By: Matt Dunning

Published March 01, 2015 - 6:00am CST

https://www.one2onerisk.com

Willis buys stake in Indian brokerage

By: Shelby Livingston

Published February 24, 2015 - 1:52pm CST

Willis Group Holdings P.L.C. announced Tuesday it has agreed to buy a 49% stake in New Delhi-based insurance brokerage Almondz Insurance Brokers Private Ltd.

Willis investment unit opens Sydney office

By: Matthew Lerner

Published February 24, 2015 - 1:44pm CST

Willis Capital Markets & Advisory on Tuesday said it will open an office in Sydney and that managing director John D. Philipsz will move from London to Sydney to establish company operations there.

Catlin tops London broker satisfaction survey

By: Sarah Veysey

Published February 24, 2015 - 9:47am CST

Catlin Group Ltd. was the London market insurer that provided claims brokers the greatest net satisfaction with claims service and standards in 2014, according to a study by London-based Gracechurch Consulting.

Cooper Gay adds North American executives

By: Shelby Livingston

Published February 23, 2015 - 1:10pm CST

Cooper Gay Swett & Crawford Ltd.’s North America unit has made three senior executive appointments.

Ullico expands multiemployer fiduciary liability capacity

By: Shelby Livingston

Published February 20, 2015 - 4:02pm CST

Managing general agent Ullico Casualty Group Inc., a unit of union-owned insurance company Ullico Inc., has increased its multiemployer fiduciary liability insurance capacity to $25 million, up from $15 million, Ullico said Friday.

Integro buys niche broker

By: Shelby Livingston

Published February 20, 2015 - 1:14pm CST

New York-based Integro Ltd. has acquired Mission Viejo, California-based insurance brokerage E&O Professional Risk Management and Insurance Services L.L.C.

Grahame Chilton named CEO of Gallagher International

By: Shelby Livingston

Published February 20, 2015 - 11:10am CST

Former Benfield boss Grahame Chilton will lead Arthur J. Gallagher & Co.'s international brokerage division, the Itasca-based brokerage announced Friday.

Pat Ryan 'bullish' on insurance sector

By: Gavin Souter

Published February 19, 2015 - 3:28pm CST

CHICAGO — As the insurance sector continues to change and fragment, young people entering the industry have great prospects if they are prepared to specialize and work hard, said Patrick G. Ryan, chairman and CEO of Ryan Specialty Group L.L.C.

Christine LaSala named chair of Willis North America

By: Shelby Livingston

Published February 19, 2015 - 2:04pm CST

Willis Group Holdings P.L.C. has named Christine LaSala as chair of Willis North America, the broker said in a statement Thursday.

Brokerage Breckenridge appoints COO

By: Shelby Livingston

Published February 19, 2015 - 1:20pm CST

Breckenridge Insurance Group Inc. has appointed Jino Masone to the newly formed role of chief operating officer.

Brokerage buying spree made 2014 a record year for mergers and acquisitions

By: Timothy J. Cunningham and Daniel P. Menzer

Published February 15, 2015 - 6:00am CST

Private equity-backed buyers expanded their ownership of insurance brokerages in 2014, contributing to a record number of announced mergers and acquisitions in the United States and Canada amid strong pricing for sellers.

JLT sells stake in Paris insurance brokerage

By: Shelby Livingston

Published February 13, 2015 - 11:06am CST

Jardine Lloyd Thompson Group P.L.C. has agreed to sell its 26.2% stake in Milestone, the holding company of Paris-based brokerage Siaci St. Honoré, to Paris-based private investment company Ardian.

Coverys launches excess and surplus underwriter

By: Judy Greenwald

Published February 11, 2015 - 3:05pm CST

Medical professional liability insurer Coverys has formed an excess and surplus lines underwriting company, the Boston-based firm said Wednesday.

Arch profit up on favorable foreign exchange rate

By: Matthew Lerner

Published February 11, 2015 - 12:14pm CST

Arch Capital Group Ltd. reported fourth-quarter net income of $209.7 million, an increase of 34.4% from the same period last year as results benefitted from favorable foreign exchange conditions.

Willis reports fourth-quarter growth despite dip at North America unit

By: Matthew Lerner

Published February 11, 2015 - 11:24am CST

Willis Group Holdings P.L.C. CEO Dominic Casserley downplayed a fall in revenues at its North American unit as the London-based brokerage reported increased revenues overall on Tuesday.

Marsh predicts flatter commercial P/C rates this year

By: Mark A. Hofmann

Published February 10, 2015 - 11:17am CST

Intense competition among commercial property/casualty insurers is expected to continue this year, according to a report by Marsh L.L.C.

Ex-Gallagher International CEO named to oversee Towergate restructuring

By: Sarah Veysey

Published February 10, 2015 - 10:19am CST

David Ross has been appointed CEO of Sierra Investment Holdings Ltd., the portfolio company set up by private investment firm Highbridge Principal Strategies to invest in London-based brokerage consolidator Towergate Group P.L.C., Highbridge announced Tuesday.

London market consolidation set to continue

By: Sarah Veysey

Published February 10, 2015 - 10:05am CST

The drivers that have led to a spate of mergers and acquisitions in the London insurance market appear set to continue, according to a report by A.M. Best Co. Inc.

Cyber risks complicate softening commercial casualty rates

By: Mark A. Hofmann

Published February 09, 2015 - 11:18am CST

U.S. commercial casualty insurance rates appear likely to follow those of commercial property by softening in 2015, according to a Marsh L.L.C. report.

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