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Marsh’s Spore jumps ship to Lockton Re

Lockton Re is targeting $400mn in annual reinsurance revenue by the time the business is up to scale.

Bernard Goyder, 18 January 2020
Brown & Brown buys Dallas-based Texas All Risk

The MGA will become part of Brown & Brown subsidiary Hull & Company.

Bernard Goyder, 18 January 2020
Clyde & Co retained by insurers to handle Iran crash claims

Sources said carriers will likely need OFAC approval to make liability payments to Iranian families.

John Hewitt Jones, 18 January 2020
PSC hands former Paragon owners £31.5mn in Ebitda-linked payment

Buyer PSC pays to pay out first performance-based sum as Ebitda soars.

Rachel Dalton, 18 January 2020
Insurance broker M&A valuations rose 5% in 2019: MarshBerry

Deal multiples rose as high as 15.8x Ebitda in a hot market for broking assets.

Bernard Goyder, 18 January 2020
Pioneer exits natural resources to leave four core lines

Only FI, international property fac, marine and cat reinsurance teams are still writing.

Catrin Shi, 17 January 2020
The Week in 90 Seconds

Hancock’s shock departure, Pioneer for sale, AJG’s Matson on record and more loss updates.

Rachel Dalton, 17 January 2020
Antares to enter cyber market with Schmitt hire

The former Tarian senior underwriter is to join Antares in early February.

Catrin Shi, 17 January 2020
Former Barbican financial lines head Stanley lands at Everest

The underwriter was one of the staff to leave Barbican following the Arch acquisition.

Samuel Casey, 17 January 2020
After four years of relative underperformance, does the next Willis CEO need to be external?

The broker’s relative underperformance against its main rivals is likely to prompt questions at this critical juncture.

Adam McNestrie, 17 January 2020

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