United States of America (USA)
Aon and NFP deal expected to close on or around 25 April
Aon’s $13.4bn (£10.6bn) takeover of NFP is expected to close on or around this Thursday, the global giant has confirmed.
US insurer Hadron enters UK market with Folgate takeover
Hybrid carrier Hadron, which launched in 2023, has bought Folgate Insurance Company for an undisclosed sum.
Travelers completes Corvus buy
The purchase of cyber specialist managing general underwriter Corvus Insurance went through on 2 January, Travelers has confirmed.
Aon to buy NFP from Ardonagh investors MDP and HPS for £10.6bn
Aon has agreed to acquire rival US broking firm NFP for a total consideration estimated to be $13.4bn (£10.6bn).
Applied Net 23: Priority number one has been, is, and will be commercial – says Europe CEO Tom Needs
Achieving parity with competitors on commercial panel size, and boosting the Epic broker base to 150 in the UK, are the twin targets for Applied Systems Europe in 2024, CEO Tom Needs has confirmed.
Applied Net 23: Power shifting to brokers, says Applied boss Taylor Rhodes
Applied Systems is picking up the pace, with brokers in the UK having grabbed more market share this year, according to CEO Taylor Rhodes.
Applied Net 23: AI to help brokers suffering from a ‘barrage’ of information requests
Applied Systems is launching first use cases of artificial intelligence on two platforms in the US on 24 October, chief product officer Anupam Gupta told Insurance Age at Applied Net 23.
GRP rebranded to Brown & Brown (Europe)
Global Risk Partners Limited has been rebranded to Brown & Brown (Europe) Limited, a filing at Companies House has confirmed.
Bruce promoted to Brown & Brown Europe role as move to rebrand GRP gathers pace
Mike Bruce has been promoted to CEO of Brown & Brown Europe, as the firm continues on the path to rebrand Global Risk Partners.
Acturis snaps up Broker Buddha to enter US market
Acturis has entered the US market with the acquisition of digital engagement plaform Broker Buddha.
Simply Business parent Xbridge posts revenue rise but profits slip
Online broker Xbridge, which trades under the name Simply Business, saw a slight fall in profits in 2022 as revenue grew by 13%.
GRP owner Brown & Brown adds ex-Hiscox boss Bronek Masojada as board director
US broking giant Brown & Brown has appointed former Hiscox CEO Bronek Masojada as a non-employee director on its board.
Broker Insights grows its base at £25m per month
Broker Insights is adding around four brokers to its client base, and expanding its reach by £25m each month, its CEO Fraser Edmond told Insurance Age.
US cannabis-focused MGU CannGen Insurance opens in Europe
North American managing general underwriter, CannGen Insurance Services, has launched a European operation citing an expectation that the continent’s legal cannabis market will grow quickly.
Funds transfer fraud replaces ransomware as leading cyber claims type, says Coalition
Ransomware claims frequency dropped 54% between 2021 and 2022, according to a report by cyber specialist insurer Coalition.
WTW achieves 3% organic broking growth in 2022
WTW has reported 3% organic growth in risk and broking revenues for 2022 boosted by a 5% rise in the final quarter of the year.
Howden posts 19% organic growth for 2022
International insurance group Howden has reported 19% organic revenue growth for 2022, the year it completed the purchase of Aston Lark.
Marsh navigating ‘uncertain world’ as revenue rises 3% in 2022
Marsh has posted a 3% revenue rise to $10.51bn (£8.5bn) in 2022.
Former Taoiseach Enda Kenny poised to join new Ardonagh International board
Ardonagh is planning to bring Enda Kenny, former Taoiseach in the Republic of Ireland from 2011 to 2017, into the company, a spokesperson has confirmed.
US insurtech Vouch invests in broking start-up Capsule
San Francisco-based Vouch has invested in the UK insurance broker Capsule.
Applied Systems targets UK "number one" status drawing on US strength
Speaking to sister-title Post at the Applied Net conference in Nashville, CEO of Applied Europe, Tom Needs said having a US arm allowed the UK and Ireland business to experiment and innovate more.