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

Rate divergence continues for upstream & downstream energy: Marsh JLT Specialty

17th October 2019

A new report from Marsh JLT Specialty has highlighted the ongoing divergence in rates between upstream and downstream energy markets, as the upstream market continues to struggle to achieve meaningful increases. In contrast, downstream energy rates are gaining more traction, driven by withdrawals and cutbacks in capacity. Other specialty lines – including ... Read the full article

Quarter of UK pension schemes unprepared for cyber attack: Aon

16th October 2019

Almost a quarter of trustees of UK pension schemes have still had no training on the risk of cyber crime, according to a new survey by re/insurance brokerage Aon. While 95% of respondents to Aon’s Global Pension Risk Survey 2019 said their schemes had not been affected by cybercrime, a handful ... Read the full article

EPIC Insurance Brokers welcomes Prime Risk to platform

16th October 2019

EPIC Insurance Brokers and Consultants, a retail property and casualty broker and employee benefits consultant, is set to welcome Prime Risk Partners to its national insurance platform. Prime Risk is headquartered in Atlanta and manages a range of risks across the US. The firm will initially operate as Prime Risk Partners – ... Read the full article

Alliant strengthens Southwest operations with VP hire

16th October 2019

US specialty insurance brokerage firm Alliant Insurance Services has bolstered its operations in the Southwest region with the appointment of Geoff Godsey as Vice President. Based in Dallas, TX, Godsey joins Alliant from a large regional insurance brokerage firm, where he served as a Commercial Producer. He is an experienced commercial insurance ... Read the full article

Price Forbes sets up US healthcare practice, names heads

15th October 2019

Independent Lloyd's of London insurance broker Price Forbes has launched a US Healthcare practice, to be led by Paul Voller and David Fairbank. Based out of London, the practice will arrange insurance, captive reinsurance and treaty protection for Price Forbes clients, complimented by placements for cyber protection. Voller most recently served as ... Read the full article

Willis Towers Watson partners with RDT on Radar Live program

15th October 2019

Re/insurance broker Willis Towers Watson (WTW) has announced that insurance software house RDT has become the latest vendor to join its Radar Live Collaboration program. The program was developed to facilitate faster integrations with WTW’s Radar Live rating and rules solution through an ecosystem of insurtech software firms. WTW explained that the ... Read the full article

Arthur J. Gallagher & Co. acquires Swedish broker Proinova

14th October 2019

Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Proinova, an insurance broker based in Helsingborg, Sweden. Founded in 1989, Proinova specialises in group solutions for the real estate sector, offering insurance, loss prevention training and claims advocacy services for trade association members. It also serves clients in ... Read the full article

Casualty markets undergoing abrupt shift to profitability: Lockton

14th October 2019

Pricing adequacy has continued to increase across the US casualty re/insurance market, with some lines undergoing an abrupt shift to a renewed focus on profitability, according to global re/insurance brokerage Lockton. The umbrella and excess casualty markets in particular have seen a positive turn, Lockton said, with carriers now demanding higher ... Read the full article

Re/insurance to cover less than half of Dorian’s $1.2bn US impact: Aon

11th October 2019

Public and private re/insurance is expected to cover less than half of the total $1.2 billion economic impact of Hurricane Dorian in the US, according to Aon’s September Global Catastrophe Recap report. The month was characterised by a number of large industry losses, but Aon’s estimates also show that industry costs ... Read the full article

Gallagher acquires Kentucky-based insurer Garrett-Stotz

11th October 2019

US global insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has announced the purchase of Garrett-Stotz Company, a Kentucky-based insurance agency. Garrett-Stotz was founded in 1931 and is a full-service commercial and personal lines property/casualty and benefits agency. The firm's areas of specialisation include construction/surety, real estate and ... Read the full article

Brokerslink targets growth in Africa with new steering team

11th October 2019

Independent broker network Brokerslink has established a new regional team to help drive growth and development opportunities for its broker partners and affiliates in Africa and through its international network. It follows the launch of a new steering team for Europe earlier this week, also aimed at supporting the global ... Read the full article

Aon execs John Zern and Cary Grace to step down

10th October 2019

Re/insurance broker Aon has revealed that two of its executive leaders, John Zern and Cary Grace, are to depart the company to pursue new opportunities. The announcement came alongside the launch of the next stage in Aon’s ‘Developing Aon United’ growth strategy. The strategy will see the firm implement a common ... Read the full article

Aon enhances client leadership & services in next stage of growth strategy

10th October 2019

Re/insurance broker Aon has announced the next stage in its ‘Delivering Aon United’ growth strategy, which will see the firm implement a common standard for client leadership and create new hubs to support back and middle-office client services. Aon explained that the new leadership strategy will leverage best practices to increase ... Read the full article

Marsh adds Aon directors to UK Real Estate Practice

10th October 2019

Global re/insurance brokerage Marsh has announced the appointments of Bryce Check as a Business Relationship Director and Anna Whitfield as a Client Service Director, both within its UK Real Estate Practice. Part of Marsh JLT Specialty, the UK Real Estate Practice provides insurance and risk advisory services to real estate owners, ... Read the full article

Property underwriting improvements to continue through early 2020: Lockton

10th October 2019

Analysts at global re/insurance brokerage Lockton expect the more discerning approach of underwriters in the US property market to continue through at least into early 2020, based on performance this year. Lockton noted that there is still plenty of capital in the marketplace, but deployment is becoming tighter, leading to an ... Read the full article

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