Articles

Insurance

BMS 2018 annual profits bumped up to £100m; CEO Cook lauds "remarkable results"

Specialist re/insurance broker BMS Group posted a 25 percent increase in its 2018 revenues, mostly driven by growth in its London wholesale and US reinsurance businesses, according to CEO Nick Cook.   13 March 2019

Insurance

Aon unveils strategic alliance with AI-powered insurtech Zesty.ai to 'revolutionise' underwriting

Re/insurance broker Aon has formed a strategic alliance with US-based artificial intelligence (AI) startup Zesty.ai to improve its underwriting data insights.   13 March 2019

Insurance

ArgoGlobal swoops for RSA's Alonso as CUO for Europe, Middle East and Asia

ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has appointed Alfredo Alonso as chief underwriting officer for Europe, Middle East and Asia.   12 March 2019

Insurance

AXA UK and Ireland reveals management restructure

Re/insurer AXA UK and Ireland has unveiled changes to its management committee portfolios following the appointment of Shali Vasudeva as chief operating officer.   11 March 2019

Insurance

Lockton hires Guy Carpenter and Marsh execs to launch Lockton Global Re

Broker Lockton has poached three senior executives from Guy Carpenter/Marsh to form a new global reinsurance business that it says will represent a critical pillar of its aggressive growth plans.   8 March 2019

Insurance

Aon will not buy Willis Towers Watson

Re/insurance broker Aon has said it will not buy Willis Towers Watson. Its announcement comes within 24 hours of it revealing it was exploring a possible deal with the world’s third biggest broker.   6 March 2019

Insurance

Aon’s ‘hand was forced’ on Willis talks by Marsh-JLT deal

Re/insurance broker Aon’s shock revelation yesterday (Tuesday March 5) that it was mulling a takeover of Willis Towers Watson (WTW) is a result of its hand being forced by Marsh & McLennan’s pending takeover of Jardine Lloyd Thompson (JLT), according to sources close to the company.   6 March 2019

Insurance

Aon-Willis tie would be bad news for jobs and buyers in wake of Marsh-JLT deal

A merger between Aon and Willis Towers Watson (WTW) would mean more “job carnage” be bad news for buyers but could mean opportunities for smaller brokers, according to sources in the London Market.   6 March 2019

Insurance

Aon confirms Willis Towers Watson buyout plans

Insurance broking giant Aon has confirmed that a takeover of its competitor and third largest insurance broker Willis Towers Watson is under consideration.   5 March 2019

Insurance

RSA 2018 results show firm ‘exposed to more volatility than expected’

RSA group CEO Stephen Hester welcomed the insurer’s increased headline profits in its 2018 results, but he said that at an underlying level the results were down and that the firm was taking decisive action to ensure a return to form in 2019.   28 February 2019

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