Merger and acquisition activity for property and casualty insurers, agents and brokers heated up in 2010, as insurers sought to improve their strategic standing within the industry, according to a report from Conning Research & Consulting.
Merger and acquisition activity for property and casualty insurers, agents and brokers heated up in 2010, as insurers sought to improve their strategic standing within the industry, according to a report from Conning Research & Consulting.
Building on a current strength, Risk Placement Services Inc. (RPS) aims to give agent and broker clients more local access to its broad array of product offerings in 2011, according to the leader of the nationwide specialty brokerage.
At a time when conditions within the property and casualty insurance market are relatively stable, leaders of excess and surplus lines organizations remain concerned about unanticipated exterior changes, one E&S executive said recently.
Building on a current strength, Risk Placement Services Inc. (RPS) aims to give agent and broker clients more local access to its broad array of product offerings in 2011, according to the leader of the nationwide specialty brokerage.
They may not command the multibillion-dollar premium figures touted by competitors involved in the latest merger deals, but market clout is not necessarily synonymous with size.
Cooper Gay Group and Swett & Crawford confirmed they are in "advanced deal discussions" on a merger that would create the world's largest independent global wholesale and reinsurance broker.
Cooper Gay & Co Ltd. has opened a new facultative and treaty reinsurance broking operation in Miami to support its existing offices in Latin America. Richard Stark and Mike Hernandez have relocated to Miami from Cooper Gay's London office. In