RENOMIA has bought a stake in the largest insurance broker in Croatia - FORTIUS INTER PARTES (Fortius), which also has branches in two other countries, Slovenia and Bosnia and Herzegovina. Thanks to this step, RENOMIA will have an ownership stake in companies in 10 countries in Central and Eastern Europe. In addition, RENOMIA operates a [...]
US insurance giant Arthur J. Gallagher has announced it will buy the treaty reinsurance brokerage arm of Willis Towers Watson for a proposed cash consideration of $3.25bn. It comes just over a fortnight after Willis agreed to terminate a $30bn merger agreement with Aon, in what would have created the world’s largest insurance broker, after [...]
Arthur J. Gallagher & Co. today announced that it has purchased a majority stake in Turkish specialty broker Brokers' House (BH Sigorta ve Reasürans Brokerligi A.S.). Terms of the transaction were not disclosed. Based in Istanbul, Brokers' House is a commercial insurance and facultative reinsurance broker offering clients a broad range of commercial and specialty coverages, [...]
Insurance brokers Aon PLC and Willis Towers Watson PLC said on Monday they had agreed to terminate their $30 billion merger agreement and end their litigation with the U.S. Department of Justice. The deal would have put Aon ahead of the world’s largest insurance broker Marsh & McLennan Cos Inc . “Despite regulatory momentum around [...]
F. REGO strengths its international division with the hiring of experienced international client manager. Despite the current challenges for the global economy, F. REGO has been growing its teams investing in junior and senior professionals. Following the growth of the portfolio of international clients, and the ever-evolving customer needs, the company has enhanced its commitment [...]
Brokerbility, the exclusive group of independent brokers, today announces that Castlemead Insurance Brokers Ltd has joined from 24th June 2021. They form part of Brokerbility’s strategy and demonstrates the start of Clear Group’s commitment to invest in the network that supports independent brokers. Castlemead, headquartered in Bristol are a long-established corporate insurance broker. They are [...]
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In Panama, during the pandemic crisis, the Insurance industry aligned with their clients. The insurance carriers did not exclude COVID-19 from the coverages. The insurance companies’ voluntarily resigned to the exclusion of pandemic coverages, and the insured persons as per arranged Health Insurance coverages have received medical attention. The pandemic has affected the insurance [...]
As Rwanda envisages an annual two-digit growth, is targeting to be a middle income economy by 2035, and achieving a high-income status by 2050, the country is becoming more and more interesting for foreign investors. Coming from far away, after a 3-year civil war, that destroyed existing economic and social infrastructure, Rwanda is now [...]
Georgia’s economy has grown significantly over the past decade, culminating in its recent classification as an upper-middle-income country. A small and open economy, Georgia has a population of 3.7 million and a land area of 69,700 km2. Georgia’s economic growth has been strong, with far-reaching reforms improving governance and the business environment. Between 2010 [...]