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Lloyd’s broker UIB charged by UK over alleged Ecuador bribes

by AIP Online Bureau | Apr 19, 2025 | Intermediaries, International News, Non-Life, Policy, Reinsurance

UIB sold reinsurance services to state-backed insurers covering parts of the Ecuadorian public sector, including the state water and electricity companies between 2013 and 2016, the SFO said. The broker is accused of £3 million to intermediaries who then bribed an...
Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business

Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business

by AIP Online Bureau | Dec 9, 2024 | Intermediaries, International News, Non-Life, Reinsurance

Gallagher follows in the footsteps of rivals Aon and Marsh McLennan, which have also struck $13 billion and $7.75 billion, deals, respectively, over the last 12 months to expand into the vast and fast-growing middle-market insurance business Arthur J Gallagher said on...
Lockton acquires Arihant Insurance Broker, receives IRDAI approval

Lockton acquires Arihant Insurance Broker, receives IRDAI approval

by AIP Online Bureau | Oct 27, 2024 | Indian News, Intermediaries, Life, Non-Life, Regulation, Reinsurance, Risk Management

Lockton, the world’s largest independent insurance brokerage, had announced its entry into the Indian market in January this year and had acquired Arihant Insurance Brokers in June from Arihant Capital Market Ltd. Hyderabad: US based Lockton is now a licensed...

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