Insurance brokers say carriers are sending a clear message to themthey want to get rate where they can, but a weak economy and competitive pricing has them feeling glum about the prospects.
Two major global insurance brokers and an international insurer are using three different techniques to grow their businesses through relationships with smaller brokers and agencies.
News from Admiral Insurance Co., CIAB, Lockton, Data Risk, Overby-Seawell, Markel Specialty, Health Plan One, Marsh & McLennan, Greenwood International, Zurich, GCube Underwriting, RLI Corp., WKF&C, BMS Group and McGowan Cos.
Two major insurance brokers announced acquisitions today with Marsh & McLennan Agency acquiring Hampton Roads Bonding and Hub International Ltd. acquiring Knight Insurance Agency, Inc.
Two major insurance brokers announced acquisitions today with Marsh & McLennan Agency acquiring Hampton Roads Bonding and Hub International Ltd. acquiring Knight Insurance Agency, Inc.
An executive with Reagan Consulting believes the current rate of merger and acquisition activity over the past five weeks will not be sustained throughout 2011.
The transaction marks the first in a series of planned acquisitions that MMA will make to enhance the resources and capabilities of its regional hub operations.
Trion is the sixth acquisition MMA has made since embarking on its strategy in November2009 to build a national platform serving the property and casualty insurance and employee benefits needs of companies across the U.S.
Marsh & McLennan Agency LLC, (MMA) said it has acquired Trion Group, a privately held employee benefits specialist with $74 million in annual revenues.