Broking

Broking

Broking, Facultative, London, Regulation, Risk Management

New broker launched as Willis combines units

Broking group Willis has announced the launch of Faber Global Limited (“Faber”), a new facultative and wholesale broking business.

Broking, Conference, Middle East, Political Risk

Broker consolidation on cards as MENA market grows

The head of one of the Middle East’s major regional brokers told the opening day of the 8th Annual Middle East Insurance Forum (MEIF 2012) that the days of the small brokers in the Middle East were numbered.

Broking, Claims, Europe, Renewals, Results

Fragmented renewals highlight new approach from underwriters

Guy Carpenter has said the 1/1 renewals saw a shift in industry behaviour as both insurers and reinsurers implemented more sophisticated, customised approaches to risk assessment and mitigation.

Broking, Europe, Mergers & Acquisitions

AmWINS to acquire THB Group

US wholesale broking specialist AmWINS is poised to buy insurance and reinsurance broking and risk management group, THB after its board agreed to an offer from AmWINS to acquire 100% of the share capital of THB at 80.55 pence per share.

Broking, Europe, Life, Losses, Risk Management, Technology, Terrorism

Broker launches UK terror model

Aon Benfield has updated its UK terrorism catastrophe model in the face of a rising threat to the country.

Asia Pacific, Broking, Facultative, Risk Management, Treaty

Specialty launch announced by reinsurance broker

Asian reinsurance broking group PWS Labuan, has said it is to expand its broker and consultant team to enhance its services and product offering across the region.

Broking, Lloyd's, Process Reform

Xchanging takes full control of broker initiative

Xchanging has announced is now assumed full control of Xchanging Broking Services Limited, the Enterprise Partnership it formed with Aon Limited in 2006.

Broking, Claims, Europe

Guy Carp launch Icelandic model

GC Analytics® Guy Carpenter’s model development team has introduced a new, fully probabilistic earthquake model for Iceland.

Broking, Lloyd's, Market Reform, MGA, North America

AAMGA in Lloyd's process change

The powerful Association of Managing General Agents (AAMGA) said it believes that there will be a new system in place by the end of the year which will speed up and streamline the information its members provide to Lloyd’s.

Broking, Europe, MGA

Palm Desert

The formation of a new trade body for UK based managing general agents is moving closer after a senior member of the strategy group met with the executives of the American Association of Managing General Agents at its annual meeting in California.

Broking, Capital Markets, Europe, Marine

Shipping market hit by financial storm

Richard Close-Smith, executive director at Willis Marine, Willis Marine, said the recession has had a substantial impact on the shipping industry.

Broking, Lloyd's, London

Successful visit for intern winners to Lime Street

Two members of the Houston broking community have returned to Texas after a fortnight getting a truly hands on experience of how the Lloyd’s insurance market operates.

Broking, Europe, Marine, Monte Carlo

Ratings firms seek diversity as outlook remains negative

A senior ratings analyst has said that the possibility remains that pure marine and energy underwriters could well become a thing of the past as capital replenishment fears and the drive for diversity continues.

Broking, Europe, Risk Management

Validus establishes new office to access German markets

Bermudan underwriting group Validus Holdings is to open a new European representative office in Germany in order to increase its share of the country’s specialty reinsurance market.

Broking, Lloyd's, North America, Results

US Reinsurance reform close to ratification

The years of discussion lobbying and debate over the perceived inequality of the US reinsurance regulations could be set to come to an end as the National Association of Insurance Commissioners (NAIC) look set to endorse its far-reaching reorganisation plans next month.

Broking, Europe, Regulation, Risk Management

Reinsurer calls for governments to appoint dedicated risk offers

The Chief Risk Officer at Swiss Re, Raj Singh, has urged global governments to appoint dedicated risk officers to deliver a “more joined up” approach to the management of national risk.

Broking, North America, Risk Management

Willis urges careful steps as US market set to “sour”

Broker Willis has said the pressure on rates in the majority of classes across the US market is not necessarily the blessing many risk managers may think with the falling revenues putting pressure on the underwriters and their security.

Broking, North America, Risk Management

End to earning-protection trade off needed says reinsurance chief

Willis Re Executive Vice President Bill Panning has said insurers should no longer be faced with deciding between their potential earnings and the level of protection they believe they need and can afford.

Asia Pacific, Broking, Risk Management

Validus Re on brink of getting Singapore licence

Bermudan reinsurer Validus Re is set to move its current Asian representative office into a fully authorised underwriting branch in Singapore.

Broking, London, Risk Management

Franchise boss says reinsurers need to remain disciplined

Lloyd’s Franchise Performance Director Rolf Tolle has said it will be those reinsurers which resist the pressure to cut rates and ease terms and conditions which will prosper in the current and future market.

Broking, Energy, MENA, Rates

Marsh predicts softening energy rates in 2010

A resurgent level of capital and with it increased competition is set to drive down premiums across the energy market in 2010 according to broker Marsh.

Broking, London, Market Reform, Risk Management

London spells out modernisation strategy for 2010

The chairman of the London Market Group (LMG) Barnabas Hurst-Bannister, has announced the group’s strategy for the year ahead telling the market’s senior figures failure to continue the modernisation already underway would leave London lagging behind its international rivals.