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Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.

COIN Re appoints Andy Crichton as Executive Vice President

11th December 2018

Property catastrophe-focused reinsurance broker COIN Re has announced the appointment of Andy Crichton as Executive Vice President, effective 7 December 2018. Crichton will be based in London and will manage COIN Re’s reinsurance marketing and placement strategy. “We are delighted to have Andy on board,” said COIN Re Chief Executive Officer Ted ... Read the full article

WTW launches latest version of Radar software platform

11th December 2018

Willis Towers Watson has announced the launch of the latest version of its Radar software, a platform of products for property and casualty (P&C) insurer pricing teams, including actuaries and underwriters. WTW says Radar 4.2 gives insurers a future-proofed solution designed to achieve agile, sophisticated pricing, and a new level of ... Read the full article

WTW makes senior appointments to London Market P&C arm

11th December 2018

Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced the appointments of Tom Rowley as Senior Vice President (SVP) for North American Property and Matt Harvey as SVP for International Property. Both appointments will sit within the Property & Casualty (P&C) Centre of Excellence (CoE), which is responsible for ... Read the full article

Blackstone leads $2bn investment in Acrisure

11th December 2018

U.S investment giant Blackstone has led a $2 billion investment in U.S. insurance broker Acrisure via funds managed by its GSO Capital Partners and Tactical Opportunities businesses. The group of investors led by Blackstone also consisted of Partners Group and Harvest Partners SCF. Acrisure remains over 83% owned by its own management ... Read the full article

Artex’s Malta PCC offers UK brokers no-deal Brexit alternative

10th December 2018

As the UK’s exit from the European Union continues to stir uncertainty throughout the financial sector, Artex Risk Solutions hopes to provide small-to-medium sized brokers with a relatively low-cost and convenient way of continuing operations on the continent with the formation of a Malta-based Protected Cell Company (PCC). Theresa May’s draft ... Read the full article

RFIB hires Kevin Stratton from Willis Re to lead specialty broking

10th December 2018

RFIB Group Limited, the international and Lloyd’s re/insurance broker, has announced the hiring of Kevin Stratton to lead its specialty business as Managing Director. Stratton joins RFIB as of January 1st 2019, taking on the role of Managing Director of its recently restructured Specialty business and reporting directly to the CEO, ... Read the full article

New data shows Willis Towers Watson PPL push

10th December 2018

The risk advisory and broking firm Willis Towers Watson has revealed that, during Q3 2018, over 57% of eligible risks were placed through the London Market Group’s (LMG) Placing Platform Limited (PPL) across all lines of business, with certain lines of business regularly exceeding 75% of eligible risks. PPL is a ... Read the full article

Ed appoints new London CEO as Hearn named head of BGC’s insurance division

10th December 2018

Global reinsurance, wholesale and specialty broker, Ed, has appointed Andrew Draycott Chief Executive Officer (CEO) designate of Ed Broking in London, with current Group CEO of Ed Broking, Steve Hearn, set to become the new head of BGC Partners' insurance division. Draycott's appointment remains subject to regulatory approvals and he is ... Read the full article

Ed Broking plans to open Bermuda office in 2019

10th December 2018

Ed Broking, the globally active reinsurance, wholesale and specialty insurance broker, is planning to open its first office in Bermuda in 2019, the latest expansion for the firm. Ed Broking is already active across Europe, Asia and the United States, with offices in London, Hong Kong, Beijing, Shanghai, Singapore, Dubai, Paris, ... Read the full article

Gallagher acquires brokerage firms in UK, New Zealand

10th December 2018

Global insurance broker, risk management and consulting firm Gallagher has announced the acquisition of two insurance broker firms, expanding its footprint across the South West of England and New Zealand. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, leading South West commercial insurance broker Pavey Group ... Read the full article

Brokerslink CEO Jacqueline Legrand resigns

7th December 2018

The Chief Executive Officer of Brokerslink, Jacqueline Legrand, has announced her resignation from the role in order to take on a new professional opportunity and reunite with her family, the company has said. Legrand was first involved with Brokerslink in 2009 when she held the position of Chief Operating Officer at Brokerslink, ... Read the full article

Ed appoints Willis Re’s Jo Kendall as Head of Cat & Exposure Management

6th December 2018

Global re/insurance broker Ed has announced the appointment of Jo Kendall as Head of Catastrophe & Exposure Management. Kendall, who brings 15 years of industry experience to the role, will be reporting to the Group Chief Actuary, Jonathan Tilman. She joins from Willis Re, where she led the London specialty cat modelling ... Read the full article

Arthur J. Gallagher acquires IBS Re Singapore, takes stake in Indonesian broker

3rd December 2018

Arthur J. Gallagher & Co., the U.S. global insurance brokerage and risk management services firm, has acquired 100% of reinsurance broker IBS Re Singapore, in addition to taking a 40% stake in Indonesian broker PT IBS Insurance Broking Service. Based in Jakarta, PT IBS Insurance Broking Service has revenues of over ... Read the full article

PI premiums to rise as construction market hardens, warns JLT Specialty

3rd December 2018

JLT Specialty, the specialist insurance broker and risk consultant, has warned that contractors could face a significant increase in professional indemnity (PI) premiums as the construction market begins to harden. Greater regulatory scrutiny and uncertainty regarding cladding systems following the Grenfell fire has led many insurers to scale back on capacity ... Read the full article

New Lloyd’s broker Marken Re announces launch

29th November 2018

Marken Re Specialty Limited, a newly formed specialty re/insurance broker that will operate from Lloyd’s of London, has been launched by the company’s founders Pieter Vlasbloem and Nathan Parke. "Our goal is to enhance the development of our clients by providing them with the most reliable and optimal (re)insurance solutions, with ... Read the full article

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