article thumbnail

Heffernan Insurance Brokers Acquires Pac Global Insurance Brokerage, Inc.

Insurance Journal

Heffernan Insurance Brokers has acquired Pac Global Insurance Brokerage and formally added marine cargo expertise to its suite of services. Located in El Segundo, California, Pac Global joined as Heffernan’s marine cargo specialty practice on April 1. Marine cargo is …

article thumbnail

People Moves: Guy Carpenter Taps RenRe’s Flynn as Head of Global Clients, Global Specialties; Tokio Marine HCC International Names Bridges as Chief Claims Officer

Insurance Journal

This edition of International People Moves details London-based appointments at the reinsurance broker Guy Carpenter and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Carpenter Taps RenRe’s Flynn as Head of Global Clients, Global …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Marine Alliance acquires Speedwell Insurance Brokers

Splash: Finance and Insurance

Two years after it was founded, Hamburgs Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.

article thumbnail

People Moves: Tokio Marine HCC Int’l Promotes Gower as Head of Marine and Energy Liability; Miller Launches M&A and Strategic Solutions Team With 3 Senior Hires

Insurance Journal

This edition of International People Moves details appointments at Tokio Marine HCC International and the broker Miller. Tokio Marine HCC Int’l Promotes Gower as Head of Marine and Energy Liability Tokio Marine … A summary of these new hires follows here.

article thumbnail

Mastering Inland Marine Insurance: A Broker’s Guide

Distinguished

Without inland marine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inland marine insurance has nothing to do with boats. What is Inland Marine Insurance? Inland marine insurance provides coverage for property that moves between locations.

article thumbnail

Upstream energy softening exceeds expectations, follow competition intensifies, says broker WTW

Insurance Marine News

Upstream energy clients were increasingly favouring automatic capacity over traditional follow-only markets, according to George Richardson from broker WTW. The post Upstream energy softening exceeds expectations, follow competition intensifies, says broker WTW appeared first on Insurance Marine News.

article thumbnail

What is a Managing General Agent (MGA) in Insurance?

Distinguished

Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. An MGA bridges the gap between insurers and distribution channels like agents, brokers, and online platforms, particularly in specialized insurance markets, such as hotels, landlords, or restaurants.