RFIB Group, the international Lloyd's insurance and reinsurance broker, has been approved for an intermediary license by the Saudi Arabian Monetary Agency (SAMA) to commence its insurance and reinsurance operations in the Kingdom of Saudi Arabia. RFIB had been active in the Saudi Arabia insurance market for nearly three decades, but renewed regulatory efforts initiated by SAMA last year have required…

Arthur J. Gallagher & Co. (AJGC), an international insurance brokerage and risk management services firm with headquarters in the city of Itasca, Illinois in the US, has recently reported their acquisition of Risk & Reward Group (R&RG), an employee benefits consultant and insurance broker, based in the UK.

Marsh & McLennan Co. Inc., one of the world's largest insurance brokerages and risk management companies, has announced the completion of a deal which sees the company acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of HSBC Bank PLC. Marsh, which announced its intentions in December 2009, is estimated to have paid somewhere in the region of US$ 205 million for HSBC's brokerage…

FirstCity Partnership Ltd., a Lloyd's registered broker for many years, is in the process of selling almost entirely its insurance brokerage business to Arthur J. Gallagher & Co. as per a recent announcement made by the latter.