Broking

CRC names Koehn and Tredway co-presidents of brokerage division

US wholesaler CRC Group has named Garrett Koehn and Brent Tredway as co-presidents of its brokerage division from 1 January 2021.

Hiscox, Beazley and Brit among carriers to sign up to Pathpoint broking platform

Hiscox, Beazley and Brit are among the carriers signed up to a digital wholesale platform launched in San Francisco targeting the US excess and surplus lines retail market.

Denali Specialty hires Krutek to head brokerage operations

Start-up MGA and wholesale brokerage platform Denali Specialty Group has hired former RPS executive Paul Krutek as president of its brokerage operations, The Insurer can reveal.

Retail and wholesale M&A to continue, predicts Nationwide E&S’s Clark

Consolidation will continue in both the retail and wholesale broker sectors, although it is unclear exactly how much more can actually be done in the latter market, according to Nationwide E&S president Tom Clark.

Gallagher: New business “surprisingly good” given Covid-19

Arthur J Gallagher’s Pat Gallagher has struck a positive tone over the impact of Covid-19, saying the broker is confident it can “cost save our way through a lull in organic growth” and that some signs of improvement are emerging.

All Risks working with Reagan Consulting on sale process

Independent US wholesale broker and MGA platform All Risks is in a sale process advised by Reagan Consulting that is expected to lead to a transaction with a strategic buyer in the intermediary space, The Insurer can reveal.

PE firm Parthenon buys into Venbrook at around 10x Ebitda

Parthenon Capital has taken a majority stake in privately held US broker Venbrook Group, The Insurer can reveal.

RSG premium volume up 35% in 2019 as E&S market booms

Ryan Specialty Group added more than 500 new employees in 2019 to keep pace with the surge of business coming into the E&S market that sent its premium volume rocketing by 35 percent to $9.6bn, The Insurer can reveal.

Willis looks to add non-admitted capacity to DBS panels

Willis Towers Watson North America is considering building an excess and surplus lines (E&S) component to the carrier panels it has been launching as part of its Differentiated Broking Solutions (DBS) strategy, The Insurer can reveal.

Expansive BMS signs up Irvan from Willis Re

Willis Re North America executive Jeff Irvan has resigned from the firm to join ambitious reinsurance broker BMS as chief property officer, The Insurer can reveal.