The CEO of broker BMS has told his staff in Latin America to hold on to savings they achieve for their clients and book the revenue as a “professional fee”, an internal memo obtained by re-Insurance.com reveals.
Diane Cougill has been named chief financial officer at UK broker Ardonagh Group three months after Mark Mugge stepped down suddenly.
Industry stalwart and the CEO of Gallagher’s UK broking and underwriting operations Grahame “Chily” Chilton is to step down, the company announced today.
Volante, the newly-launched managing general agent backed by ILS heavyweight Nephila, has unveiled a $900mn capacity deal for a spate of new underwriting teams.
Ryan Specialty Group-owned managing general agent StarPoint Executive Risks has hired Mark Selby to head up its newly-launched financial institutions business.
Australian broking house PSC Insurance Group, which owns London intermediaries Alsford Page & Gems and Carroll & Partners, has taken a £15.5mn stake in BP Marsh as it looks to expand its operations in the UK.