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September 2010
US broker Brown & Brown has acquired all the assets of Crowe Paradis and two related entities.
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Arthur J Gallagher & Co, the international insurance brokerage and risk management services firm, has acquired Old Greenwich Consulting Group located in New York.
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August 2010
A former senior vice president at brokerage firm Aon Corporation has set up a new firm called Benefits & Risk Solutions.
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China’s CNinsure has received total net revenues of $95.5m in the first half of 2010, up by 29.2%, from the same period of 2009.
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The insurance brokerage industry remains financially solid despite the weak US economy and soft commercial property/causality insurance market, according to the Moody's Investors Service Industry Scorecard report.
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Aon, the world’s largest insurance brokerage firm, is planning to issue $1.5bn of senior notes, Bloomberg reports.
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A federal appeals court has decided to partly restore part of a nationwide class-action lawsuit that accused a large group of insurers and brokers of bid-rigging.
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Guy Carpenter & Company has added Erik Manning to the firm’s Global Specialties, which is comprised of marine, energy, aviation, retrocession and Bermuda business.
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Willis Group Holdings, the global insurance broker, has appointed Alastair Burns as managing director of its Insurance Facilities Practice, part of Willis Global Placement division that co-ordinates worldwide insurance placement strategy for the benefit of Willis clients.
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Marsh & McLennan Companies (MMC) today reported a second quarter net income of $236m, compared with a loss of $193m in the same period last year.
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July 2010
Global insurance broker Aon Corporation has reported results net income for the second quarter of 2010 of $153m, compared with $149m for the same quarter last year.
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US insurance broker Arthur J Gallagher has acquired the remaining 60% equity interest in Specialised Broking Associates (SBA), headquartered in Perth, Western Australia.
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The Council of Insurance Agents and Brokers has announced several staff appointments and the retirement of senior vice-president, Barbara Haugen.
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Guy Carpenter said Philippe Renault will join the firm as president and CEO of Guy Carpenter’s Paris operations, effective September 1.
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Don Magee, formerly the co-CEO of Global ReSpecialty and marine/energy with Graeme Moore, has been moved across to work with specialty reinsurance clients and different client relationships.
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Willis Group Holdings, the global insurance broker, today reported net income from continuing operations for the second quarter of 2010 of $89m compared with $87m in the same period a year ago.
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It is unlikely that the Aon broker who threw his laptop and memory sticks into a pond in an attempt to conceal the work he was doing from his former firm will face criminal charges or lose his role at the broking giant, Reactions can reveal.
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US broker Arthur J Gallagher & Co has reported a 2010 second quarter net earnings of $44.0m compared with $43.8m in the second quarter of 2009.
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Insurance broker Marsh has appointed Elizabeth Demaret as managing director and multinational client service director.
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Marsh has promoted Martin Clark as its global energy practice claims leader after only six months at the firm.
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Guy Carpenter files suit against Lockton Re arising from a dispute over brokerage fees for placing reinsurance coverage, according to law firm.
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Jardine Lloyd Thompson (JLT) has signed an exclusive trading agreement with three European brokers, SIACI Saint Honore, Greco Group and Ecclesia Group, to expand its JLT International network in continental Europe and CIS countries.
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Insurance broker Aon Corporation has announced it will start receiving contingent commissions again. Rims is not happy with the decision.
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Willis Group Holdings, the global insurance broker, has responded to the announcement by Aon Corporation that it would resume accepting contingent commissions “where appropriate and legally permissible”.
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Bowring Marsh, the specialist international placement broker at Marsh, has expanded its footprint in Asia with the opening in Hong Kong of its ninth office.
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Excess capacity chasing market share in the commercial property/casualty marketplace has resulted in another quarter of declining renewal pricing, according to the CIAB second-quarter Commercial P/C Market Index Survey.
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The Aon/Hewitt transaction announced last week is the latest in a long run of acquisitions in the insurance brokerage market. This trend looks set to continue, according to rating agency Moody’s.
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US insurance brokerage firm Brown & Brown has reported net income for the second quarter of 2010 of $41.2m.
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Insurance broker Aon has signed a four year shirt sponsorship deal with Manchester United football club, replacing AIG. Reactions' contributing editor Garry Booth, says he hopes they know what they are doing.
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Insurance and reinsurance broker Miller has made a number of senior appointments to its reinsurance business unit.
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Miller Insurance Services has launched a white paper to spark debate about how buyers of insurance can derive maximum value from their brokers.
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Arthur J Gallagher & Co, an international insurance brokerage and risk management services firm, today announced that it has entered into a $500m unsecured credit facility.
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Lloyd’s was once reviled for its Byzantine systems - but now it is leading the way with the new Lloyd's Exchange project. Progress on the Claims Transformation Project is also continuing apace.
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Insurance broker Marsh has launched a new global rail practice and appointed three industry veterans to lead it.
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Once the epitome of old school insurance, the Lloyd’s model now looks so modern it has spawned an imitation. We ask what the market’s strategy for the near future is.
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Reinsurance broker Guy Carpenter today announced the appointment of the head of its London-based marine and energy practice with effect from August 16 2010.
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Underwriters face a big challenge assessing the risk to a film project that uses celebrities that have got into trouble.
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Aon, the world’s largest insurance broker, has announced that it will buy human resources consulting and outsourcing firm Hewitt Associates to expand its consulting operations.
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The London market likes a scrap – which is just as well. It has plenty to fight over, such as Solvency II, the new UK coalition government and tax concerns.
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Moody's has affirmed the Baa2 senior unsecured debt ratings of Aon Corporation and changed the rating outlook to negative from stable following the announcement that Aon plans to acquire the human resource consulting firm Hewitt Associates.
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The world’s largest independent global wholesale and reinsurance broker was created today following the completion of a deal to combine Swett & Crawford, oldest independent wholesale broker in the US, and Cooper Gay.
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Brokers are now more positive about conducting business at Lloyd’s than two years ago, according to an independent study by Gracechurch Consulting.
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Jardine Lloyd Thompson (JLT) Asia has appointed Doug White as managing director of its north Asia business.
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A US judge has thrown out the bid-rigging convictions of two former Marsh & McLennan Company (MMC) executives, reports Reuters.
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Photos from the Reactions London Market Awards Dinner 2010, which took place at the Grange City Hotel on June 30, are now available for free download.