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Reinsurance News


Market conditions suggest increased flow of legacy run-off transactions: GC

13th September 2017

In light of intense competition in the marketplace and the continued influx of capital, the number of transactions in the run-off market will continue to expand, according to Guy Carpenter's (GC) Head of M&A Advisory, Andrew Beecroft. Increasingly active capital management combined with challenging markets across the risk transfer industry is ... Read the full article

Stephen Balderston to leave Guy Carpenter for JLT Re

11th September 2017

Global reinsurance broker, JLT Re, has announced the appointment of Stephen Balderston from Guy Carpenter to its Credit & Political Risk team, as a Partner. Balderston spent eight years with broker Guy Carpenter, where he was Senior Vice President in Credit, Bond & Political Risk Treaty Reinsurance. He is expected to ... Read the full article

Ben Northridge to join Capsicum DA as a Director from Willis Re

8th September 2017

Specialist binding authority broker, Capsicum Delegated Authority (Capsicum DA), has announced the hiring of Ben Northridge from Willis Re as a Director, based in the firm's London office. In his new role, Northridge will focus on the development of the company's Accident & Health product distribution, as well as some other ... Read the full article

Marsh announces new management structure & names key senior executives

8th September 2017

President and Chief Executive Officer of Marsh, John Doyle, has announced the addition of Global Risk & Digital and Global placement specialities units as well as new appointments to the firm's executive management team as part of a restructuring effort. Doyle commented; “this is an exciting time in our industry as ... Read the full article

Guy Carpenter hires Eisele from Swiss Re to be new Pacific region CEO

8th September 2017

Reinsurance brokerage Guy Carpenter has named Andre Eisele from reinsurer Swiss Re, to become its new CEO of the Pacific Region. Additionally, Guy Carpenter has appointed ex-Munich Re managing director Heinrich Eder to the Guy Carpenter Advisory Board for the Pacific Region. The two senior appointments reflect Guy Carpenter's push deeper into ... Read the full article

BMS Re US hires Paul Knutson from Willis Re as Exec Vice President

7th September 2017

Specialist re/insurance broker BMS Re US has appointed Paul Knutson, who joins from Willis Re, to Executive Vice President. Knutson will assume responsibility for expansion of business targeting regional multi-line and coastal property catastrophe reinsurance clients, reporting directly to BMS Re US CEO Andrew Bustillo. Andrew Bustillo, CEO, BMS Re US, commented; ... Read the full article

Ed receives Guernsey license, appoints Nick Bachmann from Willis to direct expansion

7th September 2017

International wholesale and specialty reinsurance brokerage, Ed, has received a commercial insurance intermediary license by the Guernsey Financial Services Commission, and also announced the appointment of Nick Bachmann, as it expands its offering on the island. Bachmann joins Ed from rival insurance and reinsurance broker, Willis Towers Watson, and will assume ... Read the full article

Guy Carpenter promotes Boyce to Deputy CEO Global Specialties

6th September 2017

Reinsurance brokerage Guy Carpenter has announced the promotion of James Boyce to the position of Deputy CEO, Global Specialties, effective immediately. Boyce joined Guy Carpenter in 1997 after Marsh & McLennan Companies acquired Wilcox Johnson & Higgins. He joined that firm in 1996 as an Associate Director, helping to set up ... Read the full article

Carsten Thienel joins JLT Re’s Asia team from Ed

5th September 2017

JLT Re has named Carsten Thienel, who joins from a role with Ed as CEO of reinsurance for Asia Pacific, as its latest Asia Pacific team member, set to begin in the firm's Singapore office early 2018. Boasting a distinguished career of over 30 years in the industry, Thienel previously held ... Read the full article

Insurers in Nigeria advised against reliance on brokers

5th September 2017

The tendency for most insurance brokers to focus on big ticket government business is responsible for the low level of insurance penetration in the country, the Executive Vice Chairman of Insurance Brokers of Nigeria, (IBN), Prosper Okpue, said in an interview with Financial Vanguard. The IBN executive ... Read the full article

David Nayler joins Marsh from Aon as Leader of UK Financial Institutions practice

1st September 2017

Marsh has named David Nayler, who joins from Aon, as Leader of its UK Financial Institutions Industry Practice, with effect from early 2018. In his new role, Nayler will lead client management, technical, placement and risk management specialists to support Marsh’s financial institutions clients in risk mitigation. He will report to Charles Beresford-Davies, Risk ... Read the full article

JLT Re hires Poome from Willis Re to be new Thailand MD

24th August 2017

Global reinsurance broker JLT Re has hired a new managing director for its Thailand operations from rival Willis Re, appointing Khun Parkpoome Nivatvongs (Poome) to the role. The hiring and appointment of Poome expands the JLT Re Asia Pacific management team. Poome will report to Kenny Moyes CEO of Asia, JLT ... Read the full article

JLT Re promotes Dranchak to Head of Strategic Advisory for the Americas

24th August 2017

Global reinsurance broker and advisory JLT Re has promoted Nick Dranchak to Head of Strategic Advisory for the Americas, a role that will seem him lead delivery of strategic advisory services across the U.S., Canada and throughout Central and South America. Dranchak joined JLT Re’s Strategic Advisory team in 2014 and ... Read the full article

Mike Boseman named as Brown & Riding’s new COO

23rd August 2017

U.S.-based wholesaler and specialty insurance broker, Brown & Riding, has named Mike Boseman as its new Chief Operating Officer (COO), based in the firm's Los Angeles headquarters. Boseman will take on responsibility for the company's strategic operations, which includes both client and carrier development, improving information technology service offerings, and also enforcing Brown & ... Read the full article

Willis names corporate risk & broking leader for Metro D.C./Chesapeake

22nd August 2017

Global insurance and reinsurance broker, Willis Towers Watson, has named Ken Smith Corporate Risk and Broking (CRB) market leader for the firm's Metro D.C./ Chesapeake market. Smith joins the firm from Marsh USA, where he was most recently leader of the company's Cincinnati, Columbus and Louisville business, and where he held a number of ... Read the full article

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