broker

Steve McGill, the former head of insurance and reinsurance brokerage Aon, and global private equity investors Warburg Pincus, have launched a new global specialty risk solutions broker and advisory, that aims to offer a differentiated proposition to clients and help them access risk capital globally.

Insurance and reinsurance broker Aon has had a good first-quarter in terms of insurance-linked securities (ILS), catastrophe bonds and other capital markets related reinsurance transactions, reporting double-digit year-on-year growth.

TigerRisk Partners LLC, the global reinsurance broker, risk and capital advisory, is aiming to further expand its business on the U.S. West Coast with the hiring of Kevin Feldman as Partner, who was previously a Guy Carpenter Managing Director.

The insurance and reinsurance broker landscape has shrunk by one company, as Marsh & McLennan’s acquisition of rival Jardine Lloyd Thompson has now been completed.

Independent insurance broking giant Lockton is seeking to expand through an “aggressive growth” strategy in the reinsurance broking market, launching Lockton Global Re and announcing three senior hires from Guy Carpenter.

Aon has now said that it is not pursuing a potential business combination with broking rival Willis Towers Watson, following up on yesterday’s news that a deal had been a consideration.

Aon has now confirmed that it has been in talks with broking rival Willis Towers Watson regarding a potential merger combination, saying that it they are in early stage discussions. Update, March 6th: Aon said the combination is now not being considered.

Insurance and reinsurance broking giant Aon is reported to be considering a bid to acquire rival Willis Towers Watson, a deal that would position Aon as the largest it is said. Update, March 6th: Aon said the combination is now not being considered.

TigerRisk Partners LLC, the global reinsurance, risk and capital advisory, has announced the hire of a veteran broker from the Florida market, David Unsworth.

Reinsurance broker Guy Carpenter has announced a raft of changes as it integrates the JLT Re team into its structure, part of which includes the creation of a new Global Capital Solutions Group that will include the insurance-linked securities (ILS) practice GC Securities.