Broker
This week: All change... please!
The more things change, the more they stay the same. So runs a French expression that feels apt in a week that saw Brexit delayed, leaving us all wondering whether we will be able to talk about anything else ever again.
Marsh raises further debt to fund JLT acquisition
Marsh & McLennan is looking to raise more capital to fund its JLT acquisition, having announced its second senior notes offering in the space of a week.
Research: Growing the mid-market
Mid-market is a growth area for many, so Post's second research project of the year aims to ask brokers how well insurers are doing in this sector and what more they can do.
Mactavish challenge over 'flawed' cyber market fans row
A challenge to the market to prove that off the shelf cyber policies are not 'flawed' has itself drawn criticism from market.
Ex-LV boss Bunker joins AA board
Former LV boss Phil Bunker will replace Jonathan Roe on the regulated board of the AA.
Ageas signs £45m deal with broker Darwin Clayton
Ageas has extended its partnership with independent broker Darwin Clayton, signing a five-year deal worth £45m.
Hyperion to add $130m to acquisitions war chest
Hyperion is raising an additional $130m (£100m) debt to fund its acquisitions war chest.
Marsh's Alistair Fraser on attracting millennials to insurance
While the UK insurance market is making strides in increasing diversity Alistair Fraser, CEO of Marsh’s UK Corporate business, believes it can learn from the power of cross-generational communities in Indonesia and other emerging countries in the Far…
Marsh looks to further €1.1bn of debt to fund JLT acquisition
Marsh is raising €1.1bn (£942m) through a senior notes offering, in addition to the $5bn (£3.8bn) it has previously announced.
Analysis: The changing nature of festival risk
Festivals are growing in size, number and scope. They are rapidly becoming a more immersive experience, rather than solely about music. With these changes come wide-ranging additional requirements for cover and a need for the insurance sector to innovate
Joe Grogan appointed executive chairman of Marsh Ireland
Joe Grogan is to become executive chairman of Marsh Ireland, while JLT’s Patrick Howett will become CEO.
Simon Matson says ‘complicated fat Arab’ slur regrettable but not discriminatory: Gallagher v Ardonagh
Gallagher UK CEO Simon Matson yesterday gave evidence in the dispute between Gallagher and Ardonagh and others, in which Gallagher alleges its staff were unlawfully poached.
Court hears defendants' opening statements in Gallagher vs Ardonagh trial
The legal dispute between Gallagher and Ardonagh continued today, with lawyers for the defendants concluding their opening statements.
Interview: Clive Nathan, Global Risk Partners
Clive Nathan joined Global Risk Partners as its underwriting CEO, overseeing the consolidator’s managing general agent division, in April last year.
David Ross attends court as Gallagher v Ardonagh trial commences
Court hears lawyers from both sides outline their arguments on first day of the 12-day long trial.
Expletive-laden broker spat court documents exposed
Nawaf Hasan, formerly an Alesco team member, was described by former Alesco CEO Simon Matson as a “complicated fat arab” following his resignation from the firm according to a court filing outlining his side of the case.
Gallagher alleges Ardonagh carried out 'carefully planned conspiracy' to poach employees
The departure of a number of employees from Gallagher subsidiary Alesco in 2017, who went on to join an Ardonagh energy division, was “the product of a carefully planned conspiracy”, Gallagher will claim.
'Employees are not chattel': Peter Burton defence in Gallagher staff poaching case
Peter Burton was treated as a “traitor” after leaving Alesco for Bishopsgate, his defence will say.
Axa’s SME trading centres put 106 jobs at risk
Axa is putting 106 jobs at risk with the creation of two small and medium enterprise trading centres in Bolton and Ipswich.
This month: Seeking the right fit
I’m a fan of making sure stuff is the right fit - I make a point of trying on new outfits in my own home with accessories and shoes to make sure it all works for me. I also test drove my new car a few times to check it was what I wanted. Aon, however,…
Lemonade rival Wefox gets $125m for Europe expansion
Berlin-based insurtech Wefox Group has raised $125m (£95m) in a series B funding round led by Mubadala Investment Company.
Aon pulls out of Willis Towers Watson talks
Aon has pulled out of a potential merger with Willis Towers Watson.
Aon-Willis deal could attract competition concerns
Aon might have to sell off portions of Willis Towers Watson, if it did proceed to buy the business, analysts said.
Analysis: What do the millennials think of insurance?
Insurance has struggled to attract talent in recent years, finding itself competing with ‘sexier’ industries