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

Gallagher to acquire Portmore Insurance Brokers

18th October 2018

Gallagher, the global re/insurance brokerage and risk management services firm, has announced the acquisition of UK-based company Portmore Insurance Brokers for an undisclosed fee. Portmore was established in 2006 as a mid-market-focused commercial insurance broker offering tailored insurance programmes for a wide range of industry sectors, encompassing both private and public ... Read the full article

Aon establishes New Ventures Group, assigns leadership team

18th October 2018

Global insurance and reinsurance broker Aon has established a New Ventures Group and assigned a team of senior leaders to it, which includes the appointment of Tony Goland as Chief Innovation Officer, effective November 1. Aon said that the creation of the Group represented another significant step towards realising the goals ... Read the full article

“InsurTech is not one size fits all”, says Claude Yoder, Guy Carpenter

17th October 2018

The rise of advanced technology alongside a need throughout the insurance and reinsurance value chain to improve efficiency has created a bourgeoning InsurTech start-up trend, but it’s important to find the right InsurTech fit, according to Claude Yoder, Guy Carpenter. Traditionally, the insurance industry has been slow to adapt and modernise. ... Read the full article

José Manuel Fonseca appointed Chairman of Brokerslink

16th October 2018

Global broking business Brokerslink has appointed José Manuel Fonseca to replace Grégory Allard as chairman, who steps down after a two-year tenure. One of Brokerslink's original founders, Fonseca has overseen the successful transformation of the business from global network to international broker. He is also the Chief Executive Officer of MDS Group and ... Read the full article

RFIB Singapore appoints Simon McCrum as Managing Director, Asia Pacific

15th October 2018

RFIB Group Limited, the international Lloyd’s re/insurance broker, has announced the appointment of Simon McCrum as Managing Director, Asia Pacific at RFIB Singapore. McCrum takes up his position with immediate effect and will be reporting to Regional Head of Asia Pacific, Chris Bracegirdle. Subject to the appropriate regulatory/ministry approvals, he will be ... Read the full article

JLT FAC names Joe Ameruoso as Head of North America Construction Casualty

15th October 2018

JLT FAC, the facultative reinsurance division of broker JLT Re (North America) Inc., has announced the appointment of Joe Ameruoso as Head of North America Construction Casualty, Facultative. Ameruoso will be based in JLT FAC’s New York Office, and joins the company from Starr Indemnity & Liability Co in Primary Construction, ... Read the full article

Marsh gets key approval for JLT acquisition

15th October 2018

Marsh & McLennan Companies has been granted an early termination of the waiting period required for the completion of its previously-announced acquisition of Jardine Lloyd Thompson Group (JLT). Termination of the Hart-Scott-Rodino (HSR) waiting period effectively concludes the review of both the Federal Trade Commission (FTC) and Department of Justice ... Read the full article

Brokerslink adds eight new African affiliates to global network

12th October 2018

Brokerslink has expanded its global network with addition of eight new independent brokers from Africa, extending its presence to 21 countries across the continent. The new affiliates include CCAR in Mauritania; Compendium in South Africa; Consass in Burkina Faso; Generalia Assurances in Cameroon; Générale de Courtage in Guinea Conakry; La Protectrice ... Read the full article

WTW appoints Allianz’s Elke Vagenende as Head of FINEX, Western Europe

12th October 2018

Global insurance and reinsurance broker, Willis Towers Watson, has appointed Elke Vagenende Head of its Western Europe region for FINEX, a division that focuses on financial, executive and professional risks. Vagenende, who brings over 20 years’ industry experience to the London-based role, previously served as Head of Market Management, UK, with ... Read the full article

Willis Re appoints Edward Torres as Structured Risks & Legacy broker

12th October 2018

Willis Re, the reinsurance arm of international broker Willis Towers Watson, has appoint Edward Torres as Structured Risks & Legacy broker. As a member of the Financial Advisory team, Torres will operate out of Willis Re’s New York City office and will focus on the placement of prospective structured reinsurance solutions ... Read the full article

SSL Endeavour announces dual broker appointment

12th October 2018

Specialist independent Lloyd’s broker SSL Endeavour Group today announced the appointment of Caroline Devane and Geoff Rowland as Director for Property & Specialty Lines, and Director for Property, respectively. Devane has over 15 years’ experience in the sector at Bell & Clements Limited, where she rose to become a Senior Broker ... Read the full article

Chairman of LIIBA welcomes Lloyd’s post-brexit claims commitment

12th October 2018

The Chairman of the London and International Insurance Brokers' Association, Roy White, has welcomed Lloyd’s announcement that the market will honour valid claims in the event the UK leaves the European Union with no transition or implementation period. White stated that LIIBA welcomes the publication of the Lloyd’s statement of ... Read the full article

Willis Towers Watson appoints Technology Sales Leader for ICT in Americas

11th October 2018

Global insurance and reinsurance broker Willis Towers Watson has appointed Marisa Ruscitto as Technology Sales Leader for its Insurance Consulting and Technology (ICT) business in the Americas. Ruscitto joins Willis Towers Watson from Risk Management Solutions (RMS), where she most recently served as Managing Director and led a global sales team ... Read the full article

Hurricane Michael will be absorbed by ‘well-capitalised’ market: WTW

11th October 2018

Global re/insurance broker Willis Towers Watson has stated that the company is closely monitoring hurricane Michael as it continues to tear through the southeastern United States. However, it says that, even if Michael were to reach the $20 billion range in losses, the abundance of capital in the insurance industry would ... Read the full article

Allianz Global Corporate and Specialty makes dual broker appointment

11th October 2018

Allianz Global Corporate & Specialty SE, Allianz Group’s specialist carrier for corporate insurance business, has appointed Lee Brewer and Harriet Tiplady as Senior Broker Relationship Manager and Broker Relationship Manager, respectively. Based in London within the Market Management team, the pair will have responsibility for pipeline and relationship management with major ... Read the full article

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