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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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WTW still has meaningful capital to deploy next year but will provide details on its next earnings call.
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Newfront’s business units will be combined with Risk & Broking and Health, Wealth & Career.
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The move comes over a year after Aon completed its $13bn purchase of NFP.
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Investors recalibrate their expectations for the segment as the soft market approaches.
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The case is the latest in a series of lawsuits alleging Alliant raided MMA for talent.
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Onex CEO Bobby Le Blanc will retire from Ryan Specialty’s board of directors.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Earlier this week, The Baldwin Group said it will merge with CAC Group in a deal valued at $1.026bn.
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He and Fletcher stand accused of aiding Willis Re in an unlawful team lift.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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The hire advances Howden’s growth push in the US.
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Baldwin said the $1bn merger with CAC accelerates the firm's specialization plans by at least five years.
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The deal is slated to close in the first quarter of 2026.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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Marsh has accused its former execs of flouting a preliminary injunction.
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The retail heavyweight uses around 1,000 trading partners to access the wholesale channel.
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Last month, Insurance Insider US revealed that MMA was set to buy Atlas following a sale process.
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The executive was most recently head of US casualty at Aon.
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In September, Insurance Insider US revealed that the firm had instructed a recruiter to search for Kinney’s successor.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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The executives are based in Seattle and New York.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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GC continues to pursue Willis Re and individuals in court.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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GC accused Willis, Lucy Clarke, Jim Summers and John Fletcher of unlawful recruitment.
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Softening rates amid worsening loss costs paints an uncertain future for the industry.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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Finance and insurance hiring is 27% below 2022’s peak, compared with 37% nationwide.
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A motion by defendants to dismiss the case was also denied.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The mayor-elect has promised to build 200,000 new units in New York City.
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Average revenue per agency acquired YTD in 2025 was $2.35mn, down 13% year-over-year.
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The growth and profitability survey predicts 8.5% median growth for 2025.
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The move comes after the withdrawal of a complaint in the Delaware court.
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The executive most recently served as the company’s chief broking officer.
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The newly installed US vice chair explains why inefficiency drove her from legacy firms.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The dismissal comes after the judge in the case had stayed it just a day earlier.
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Industry sources said they expect most larger firms will be able to meet the requirements.
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Sources said that the platform drafted in Ardea Partners to advise on the recap.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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California may not be the only state to see non-economic damage caps in medmal get challenged.
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Earlier this year, this publication revealed that Atlas was considering a potential sale.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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Sources said the executive will report to Julian Pratt in South Florida.
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Marsh is also suing a second tier of former Florida leaders.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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Success in the soft market will be had when careful preparation meets opportunity.
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Rate decreases are often in double digits, but high loss trends and systemic risk persist.
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HNW family offices are now among investors considering the US MGA segment.
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Fears of the oncoming soft market are causing a sector rotation away from P&C.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker grew earnings per share by 12.1% during the quarter.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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Gallagher said that the firm is ready to engage in large deals again after the acquisition of AP.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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The broker will join Ron Borys’ financial lines team.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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Rate pressure on wind and quake partially offset overall Q3 programs growth.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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While limited to only some accounts, it’s a sign of the intense competition in the segment.
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A canvassing of the cyber market suggests the impact will be negligible.
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Property insurance rates declined by 9%, the same as in the prior quarter.
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Sources said that the executive will join the reinsurance brokerage next year, after his garden leave expires.
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Ben Hanback joins from Aon, where he spent almost a decade.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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Howden is facing fallout from its push into the US retail market via mass hires.
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A quiet wind season is also expected to further soften the property market.
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Bonnet has spent more than four years at WTW in increasingly senior roles.
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Sources said the PE-backed platform retained IAP to advise on the process.
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The hire comes a few months after Nick Greggains was promoted to CEO.
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The London-based executive will relocate to Daytona Beach, Florida.
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Early Q3 earnings reports point to worsening market conditions.
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The portfolio encompasses $5bn+ of subject premium across ~75 programs.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker will report to Howden US CEO Mike Parrish.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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The selloff may hint at headwinds for equity investors.
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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An average of 81% of property accounts renewed flat or down.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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Private capital–backed buyers accounted for 73% of the 513 transactions this year.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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Dale Krupowicz was also named head of operations for the segment.
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The motion claims the New York court has no jurisdiction in the case.
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Though wildfire losses are up, total losses are the lowest since 2015.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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Neil Ross was also appointed CUO for the broker’s MGA.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.
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Founder Chad King will transition to chairman but continue leading M&A efforts.
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The layoffs will mostly affect workers in Michigan.
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WTW claims at least two $1mn accounts were also unfairly lost to Howden.
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The broker is understood to manage Brown & Brown’s account at Howden.
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Jeremiah Bickham will be a strategic adviser until the end of the year.
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JP Morgan and RBC are advising the brokerage on its options ahead of an eventual IPO.
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The executive was formerly EVP and central regional leader at Aon.
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Insurers are pleased, brokers are looking for trade-offs, and everyone’s talking about Howden.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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The executive has been at the broker for over 20 years.
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The unit’s co-heads, Braithwaite and Apostolides, left the firm in the summer.
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The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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The executive will officially start in mid-November.
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The broker will now have access to an M&A war chest for inorganic growth.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The deal will give the broker access to an M&A war chest to fuel inorganic growth.
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The firm posted trailing 12-month organic growth of 23% YoY supported by a three-pillar strategy.
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The executive has worked for Aon for almost two decades.
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Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
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The business is beginning to integrate following a $9.8bn acquisition.
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Industry stocks were firmly behind the S&P 500 in Q3.
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She previously served as Hub’s North American casualty practice leader.
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The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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Superintendent Harris is stepping down this month after four years of service.
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Cyberattack/data breach remains in the top slot.
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Home buyers looking to close on a mortgage could find the private market an attractive alternative.
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Verisk's recent deals and its interest in cyber-analytics firm CyberCube show M&A in the segment has ticked up.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The $20bn+ TIV data center is seen as the leading edge of significant new demand.
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The New York City gala paid tribute to the industry’s top talent.
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The executive joins the company after 17 years at Aon.
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Sources said the start-up has two $10mn+ Ebitda platform deals lined up.
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The executive has also held senior positions at Lockton and Marsh.
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The executive will join Howden’s new US retail broking operation.
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Global pricing is now 22% below the mid-2022 peak.
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The executive met with UK colleagues to discuss plans for the US business.
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Markel’s Bryan Sanders is receiving the Lifetime Achievement Award for his service to the industry.
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The succession could take some time, and the current CEO could also move to exec chairman.
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Lockton Re has predicted major growth in the global cyber insurance market.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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