We are pleased to announce that the following international partners have joined the TRC network in 2021 and 2022. We sincerely welcome all new partners and look to a successful joint future and cooperation. APO Plus Founded in 2006 Employees: 8 Country: Serbia and Montenegro Profile: APO Plus is a specialised and [...]
Us-based Gallagher yesterday announced that it has fully integrated its Turkish subsidiary Brokers’ House, and the business will be branded Gallagher from next Monday, 19 September. The development marks Gallagher’s first direct presence in Turkey following the acquisition of Brokers’ House in August last year. Founded in 2010, the business is a commercial insurance and facultative [...]
Big news in the GGW Group: BDJ, the long-established industrial insurance broker and underwriter, becomes part of the broker group headed by Dr. Tobias Warweg. The brokerage division of the Hamburg-based company will be closely integrated with GGW's brokerage business. However, brand and location are to be retained and there are to be no layoffs, [...]
Australian insurance broker AUB Group said on Monday it would buy London-based Lloyd’s of London wholesale insurer broker Tysers for 880 million Australian ($620.5 million) to expand the range of its products. Tysers, the sixth-largest wholesale broker in the Lloyd’s marketplace, has about 1,100 employees and writes annual gross premiums of A$3.6 billion. “Tysers provides [...]
The cover provided through the state Consorcio pool, as well as the obligations and problems associated with it, usually raise a number of questions. We are trying to give a global overview, details directly on the web www.consorseguros.es ; English version. Consorcio de Compensación de Seguros is a public entity attached to the Ministry [...]
Santam, South Africa’s largest non-life insurer, has taken full control of Indwe Broker Holdings after acquiring the shareholding from African Rainbow Capital Financial Services and Sanlam. Before the transaction, Santam held 24% of Indwe, while ARC Financial Services owned 51% and Sanlam held 25%. The transaction makes Indwe a wholly owned subsidiary of Santam and [...]
Australian insurance broker AUB Group said on Monday it would buy London-based Lloyd’s of London wholesale insurer broker Tysers for 880 million Australian ($620.5 million) to expand the range of its products. Tysers, the sixth-largest wholesale broker in the Lloyd’s marketplace, has about 1,100 employees and writes annual gross premiums of A$3.6 billion. “Tysers provides [...]
Manage growth: International acquisitions and insurance cover Acquisitions in an international context are a challenge. This also applies with regard to dealing with risks and ensuring adequate insurance cover. What should be considered before, during and after a transaction from the perspective of insurance protection? In the following, we take up three aspects from [...]
Since the start of the war in Ukraine, fears of cyber-attacks due to parallel hybrid war are increasing. In this article we explain how the insurance industry is reacting and how the war clause affects conditions. Is there an increased cyber threat from the war in Ukraine? Officials like the German BSI are currently assuming [...]
A terrorist attack, strike, riot, civil commotion and other types of politically motivated unrest can directly and indirectly affect businesses and human lives. Modern day terrorism is multifaceted and constantly evolving in its nature. An insurance policy cannot save lives, but it can provide for financial remedy to business owners to help them restore damaged [...]