Baldwin Group’s $7.7 bn buyout faces shareholder investigations
Baldwin Group’s $7.7 bn acquisition by a Michael Dell-backed consortium faces shareholder investigations over its $32.50 share price and board obligations
Insurance Brokerage News
Stay informed with Insurance Brokerage News Today from Beinsure, covering insurance and reinsurance brokers news today on market trends, regulation, distribution, M&A, technology and company developments. Follow insurance brokers news on agency deals, consolidation, private equity, commissions, client demand and changing coverage needs. Track brokerages, independent agencies, wholesalers, MGAs, digital platforms and partnerships, with analysis and market data on insurance distribution, broker growth, competition, strategy and the evolving global brokerage market.
reThought Flood expands private flood insurance distribution through Vertafore
reThought Flood selects Vertafore PL Rating to expand private flood insurance distribution, reaching over 10,000 agents and 320 insurance carriers and MGAs
Go.Compare launches short-term learner driver insurance comparison
Go. Compare launches a short-term learner driver insurance comparison service with Comparison Creator and a dedicated panel of specialist insurers
Jio Financial and Allianz invest $66.6 mn in Jio Allianz General Insurance
Jio Financial Services and Allianz Europe invest $66.6 mn in Jio Allianz General Insurance to support the 50:50 joint venture’s operations
Genworth Financial responds to AXA loss in UK PPI appeal against Santander
Genworth comments on the UK Court of Appeal ruling against AXA in its Santander PPI case and says potential recoveries weren’t included in capital plans
The Baldwin Group to go private in $7.7 bn Sequence, Dell deal
The Baldwin Group agrees to a $7.7 bn take-private deal with Sequence Holdings and Dell Family Office, with shareholders receiving $32.50 per share
Marsh completes acquisition of Accel Holdings in Iowa
Marsh completes its acquisition of Iowa-based Accel Holdings, adding insurance, agribusiness, retirement and wealth advisory capabilities to Marsh Agency
Novatae Risk Group acquires trucking MGA Specialized Program Solution
Novatae Risk Group acquired Specialized Program Solutions, a New Jersey MGA focused on underwriting and program administration for long-haul trucking risks
ANV Group completes acquisition of Assured Underwriting Group
ANV Group Holdings completes its acquisition of Assured Underwriting Group, a specialist MGA serving tour operators across the UK and Europe
Gallagher acquires Albany Insurance in New Zealand
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting firm, acquires New Zealand-based Albany Insurance Services
AXA XL launches dedicated E&S insurance company for wholesale brokers
AXA XL, the P&C and specialty risk division of AXA, launches AXA XL E&S, a dedicated carrier for wholesale brokers, with underwriting starting in 2027
Aon launches property and casualty risk diagnostic tools
Aon launches Property Risk Diagnostic and Casualty Risk Diagnostic tools to help companies assess exposure, loss drivers and insurance strategy
Aon launches Professional Liability Risk Analyzer for law firms
Aon plc, a global professional services firm, launches its Professional Liability Risk Analyzer to quantify law firm exposure and test insurance structures
Insurtech Artificial Labs unveils new brand identity after international expansion
Artificial, a digital broking and underwriting technology provider, launches a new brand identity after funding, U.S. and German expansion
Delaware insurance agent jailed after stealing $625K from clients
NAIC defended US state insurance regulation after Elizabeth Warren raised concerns over private credit, affiliated investments and insurer solvency
AI platform Equal Parts acquires Florida transportation broker Independence
Equal Parts acquired Florida-based Independence Insurance Agency, its second transportation insurance acquisition announced in consecutive weeks
Relation Insurance acquires Pennsylvania-based LaPlaca Insurance
Relation Insurance acquired LaPlaca Insurance, adding a Pennsylvania agency serving commercial, employee benefits and personal lines clients
IRDAI proposes insurance distribution overhaul and lower expense caps
IRDAI proposes new insurance distribution rules covering commissions, lower EoM limits, mis-selling controls and a simpler three-tier structure
Insurtech Vertafore launches Digital Underwriter AI agents for MGAs
Vertafore introduced two Velocity AI agents for MGA underwriting, targeting renewal reviews, program configuration and faster policy processing
Aon names Phillip Esser CEO of Reinsurance Solutions Germany
Aon appointed Phillip Esser CEO of Reinsurance Solutions in Germany and Volker Wahl executive chairman under a new leadership structure from Oct. 1
Aon names Jane Drummond global chief commercial officer
Aon appointed Jane Drummond global chief commercial officer from Jan. 1, 2027, succeeding Anne Corona and joining the firm’s executive committee
Corridor launches AI employee benefits brokerage with $25 mn funding
Corridor launches with $25 mn to build an AI-native health benefits brokerage for US small businesses, pairing licensed advisors with automated workflows
Insurtech Vertafore launches four AI agents for insurance agencies
Vertafore introduces four Velocity AI agents for policy servicing, document research and agency operations, with availability beginning in 2026
Specialty MGA Nirvana appoints Kevin Kettrick as Cyber Lead London
Nirvana names Kevin Kettrick as Cyber Lead London to expand its standalone cyber offering, starting with excess cover before adding a primary product
McLarens names Ollie Waterman Middle East regional director
McLarens appoints Ollie Waterman as Middle East regional director from October 2026, succeeding Malcolm Addy as the loss adjuster expands across the GCC
Lockton raises nearly $900K for Move United Warfighters
Lockton’s 11th annual Warfighters Charity Challenge raised nearly $900,000 to fund adaptive sports programs for wounded U.S. veterans
Emily Schaffer joins Huntington T. Block as senior vice president
Huntington T. Block appoints Emily Schaffer senior vice president of fine art insurance, adding more than 15 years of specialty brokerage experience
US commercial insurance prices rise 0.5% in Q2 2026, WTW says
US commercial insurance prices increased 0.5% in Q2 2026, slowing from 2.5% in Q1 as property rates declined and large accounts moved negative
Aon launches Underwriting Analytics for insurers and reinsurers
Aon launched Underwriting Analytics within its Risk Analytics Platform to help insurers assess new risks against existing portfolio accumulations
Insurtech Intellect AI outlines automation tools for wholesale insurance brokers
Intellect AI outlined how its distribution, submission and document-review tools are being used to reduce manual work across wholesale insurance placement
Square Insurance Brokers appoints Kapil Baraya to lead corporate lines
Square Insurance Brokers appointed Kapil Baraya as Head of Corporate & Commercial Lines, with responsibility for corporate insurance and life operations
Aon to acquire USI Insurance Services from KKR for $17 bn
Aon agreed to acquire USI Insurance Services from KKR and co-investors for $17 bn in cash, with closing expected in the fourth quarter of 2026
Marsh has renamed Guy Carpenter as Marsh Re
Marsh has renamed Guy Carpenter as Marsh Re, combining reinsurance and capital solutions under the broader Marsh brand after more than 100 years
World Insurance Associates acquires Pellechio Family Agency
World Insurance Associates acquired New Jersey-based Pellechio Family Agency, expanding its commercial and personal insurance business
EQT to acquire majority stake in McGill and Partners for $2 bn
EQT X agreed to acquire a majority stake in McGill and Partners for $2 bn, with Warburg Pincus exiting and Steve McGill remaining CEO
Alliant to acquire Nava Benefits and expand AI employee benefits
Alliant agreed to acquire Nava Benefits, combining its employee benefits brokerage with Nava’s AI-native HQ platform and service technology
Lockton launches US Aviation Practice led by Taylor Anderson
Lockton launches a dedicated US Aviation Practice and appoints Taylor Anderson to lead insurance, risk advisory and aviation client services nationwide
WTW sues Lockton over alleged raid on construction insurance team
WTW accused Lockton and 18 former employees of taking 13 construction insurance clients worth more than $5 mn in annual revenue
Inszone acquires Two Fong’s Bay Area insurance agency
Inszone buys Two Fong’s Inc., adding Bay Area commercial property and lessor’s risk expertise to its California brokerage network
Gallagher buys Apollo to expand digital insurance in Canada
Gallagher acquires Apollo, a Vancouver digital broker and MGA focused on tenant insurance, as Canadian insurance placement shifts further online
Insurtech Coverwatch raised $4.5 mn in pre-seed to build AI insurance broker
Insurtech Coverwatch raised $4.5 mn in pre-seed funding to expand its AI-native commercial insurance platform for risk review, carrier bids and flat-fee brokerage
New Jersey insurance brokers face Consumer Fraud Act liability after Lowe ruling
New Jersey Supreme Court rules insurance brokers, producers and agents face CFA claims tied to insurance sales, marketing and coverage advice
Aon adds $5 bn capacity to data center insurance program
Aon expands its data center insurance program with $5 bn in capacity as AI, cloud and hyperscale projects raise demand for risk cover
American Growth Insurance raises $70 mn to buy U.S. brokerages and rebuild operations with AI agents
American Growth Insurance plans to acquire U.S. brokerages and rebuild operations with AI agents, automation and a human service model
Gallagher buys broker Med James and Wilson M. Beck Insurance Services
Gallagher’s RPS acquires Overland Park-based Med James, adding MGA and wholesale brokerage capacity for retail agents in the North Central region
Howard Hughes buys Vantage in $2.1 bn insurance deal
Howard Hughes closes its $2.1 bn acquisition of Vantage, using the specialty re/insurer to shift toward a Berkshire-style holding company model
Howden US faces WTW lawsuit over yacht insurance team hires
WTW Northeast sued Howden US and former marine brokers, alleging client solicitation, loyalty breaches, and restrictive covenant violations
Freight brokers face new insurance gap after Supreme Court ruling
The Supreme Court ruling opens freight brokers to negligent carrier selection claims, exposing gaps in surety bonds and contingent auto coverage
Howden Re expands cyber reinsurance team
Howden Re added five cyber reinsurance specialists to expand US coverage, actuarial analytics, broking, account management, and exposure modelling
McGill expands aviation war insurance cover for grounded spares
McGill and Partners launched aviation war coverage for spare engines and equipment kept on the ground, closing a gap in traditional hull war policies
Specialty insurance rates in 2026 soften faster than expected, WTW’s SIMS survey shows
WTW’s SIMS survey shows specialty insurance rates fell sharply in 2025 and early 2026, with property, energy, marine, and liability lines diverging
Barbados targets MGA growth as global model scales past $104 bn
Barbados positions itself as a competitive MGA domicile, backed by regulatory efficiency, tax advantages, and rising demand for specialized insurance structures
Atrium rolls out Sofix’s BrokerBrief to automate claim analysis across Lloyd’s business
Atrium deployed Sofix’s BrokerBrief across all classes of business, adding AI-generated claim summaries and document analysis directly into claims handling workflows
WTW warns general aviation rate cuts could fade as capacity comes under pressure
WTW said general aviation insurance stayed competitive in early 2026, though major losses, M&A activity and reinsurance pressure could tighten capacity and slow rate reductions
Aon sees Lloyd’s legacy deal activity picking up as capital discipline tightens
Aon expects legacy transactions at Lloyd’s to accelerate as softer reinsurance conditions, M&A activity and focus on historic risk push carriers toward balance sheet action
Aon expands data center insurance program to $3.5 bn capacity
Aon increased its Data Center Lifecycle Insurance Program to $3.5 bn, adding coverage for operational data centers as digital infrastructure risks grow
Howden Re strengthens LatAm & Caribbean capabilities with two senior appointments
Howden Re announces the appointments of Carlos Garcia as Managing Director and Karina Lopez as Director, further strengthening its Latin America and Caribbean offering
Aon expands digital infrastructure risk team with two senior hires
Aon appointed Stephen Fox and Brian Hearst to strengthen digital infrastructure and builders’ risk advisory as demand rises for data centres and AI projects
Massachusetts insurance brokers plead guilty in $750k fraud scheme
A New Bedford couple pleaded guilty in federal court after prosecutors said they stole more than $750k from insurance clients, lenders, and providers
North Carolina court backs insurance firm in agent exit dispute
North Carolina Court dismisses most counterclaims by former agents in dispute over client poaching, leaving wage claim as sole surviving issue
Insurance regulators in the US, UK and Japan are strengthening oversight of asset-intensive reinsurance, targeting counterparty credit risk, recapture reserve adequacy
US 30-year mortgage rates reached 7.55% as refinancing and purchase applications declined, raising monthly costs and pushing more borrowers toward ARMs
Google and CoverGo examine how Agentic AI could reshape insurance operations, underwriting, data architecture, governance and human oversight
Mastiffs top the list of the most expensive dog breeds for pet insurance, with annual premiums averaging $2,546, according to Insurify data