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Brown & Brown (Europe) Agrees to Acquire UK-Based Bloodstock Broker

Insurance Journal

has agreed to acquire Weatherbys Hamilton LLP, a leading UK-based insurance broker specializing in private client, bloodstock, and farm & estate insurance. Brown & Brown (Europe) Ltd., part of Brown & Brown, Inc., Financial details of the transaction, which has …

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Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Brokers

Insurance Journal

Strong returns in the reinsurance sector are attracting capital and leading to favorable pricing outcomes for buyers — but underwriting discipline continues, according to renewal reports from three reinsurance brokers. Despite heavy natural catastrophe losses in the first quarter, reinsurance …

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Business Moves: Howden Japan Acquires Holos; Ageas Buys Saga’s Underwriting Biz; BMS Purchases Australian Property Broker; UK’s Direct Line Now Owned by Aviva

Insurance Journal

Howden Japan Acquires Majority Stake in Retail Broker Holos Howden, the London-based insurance intermediary group, announced it has acquired a majority stake (68.3%) in Holos Holdings Co. a leading retail insurance broker headquartered in Kyoto. Founded in 2001 by …

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Markets/Coverages: SiriusPoint, Broker Holmes Murphy Offer Umbrella Excess for Captives

Insurance Journal

the Bermuda-based specialty insurer and reinsurer, announced a new strategic partnership with the independent insurance broker Holmes Murphy. SiriusPoint has partnered with Holmes Murphy, headquartered in Waukee, Iowa, and its wholly owned subsidiary and managing general agent Innovative … SiriusPoint Ltd.,

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Lloyd’s Broker Charged Over Alleged Ecuador Bribes

Insurance Journal

UK fraud cops have charged an insurance broker with bribery, after a four-year probe into alleged corruption involving state-run insurance contracts in Ecuador. The Serious Fraud Office accused United Insurance Brokers Ltd. of failing to prevent associates from bribing state …

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Howden Acquires Peruvian Reinsurance Broker Innova Re

Insurance Journal

Howden, the London-based insurance intermediary group, announced it has acquired Innova Re, a market leading, independent reinsurance broker headquartered in Lima. Financial details of this deal were not disclosed. Established in 2017 and led by Juan Diego Cadarso, its founder …

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Clear Group Acquires UK Commercial Broker, C.R. Toogood & Co.

Insurance Journal

a commercial insurance broker based in East Horsley, Surrey, UK. The Clear Group, he London-based insurance intermediary, announced the acquisition of C.R. Toogood & Co. Financial details of the deal were not disclosed. Clear said this strategic move underscores …