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

EPIC Insurance Brokers adds Scott Weiss to Risk Management Practice

3rd December 2019

EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has announced that Scott Weiss will join its Risk Management Practice as a Principal. Going forward, Weiss will be responsible for new business development and the design, placement and management of property and casualty insurance ... Read the full article

France & Italy brace for hundreds of millions in flood losses: Aon

29th November 2019

Flooding this week in parts of southeastern France and northwestern Italy along the Mediterranean coast is likely to drive economic losses in the hundreds of millions of euros range, if not higher, according to re/insurance broker Aon. Parts of France and Italy were hit with torrential rains between November 21 and ... Read the full article

Medical malpractice costs up significantly: Beazley, Aon

28th November 2019

Analysis by specialist insurer Beazley shows that the average cost of a medical malpractice claim in the U.S. has risen by 50% over the last decade, with a steep increase in the number of claims of above $5 million since 2015. Beazley, a specialist insurer that operates in the U.S. hospital ... Read the full article

Climate risk among top concerns for airports: Willis Towers Watson

28th November 2019

Re/insurance broker Willis Towers Watson has highlighted climate risk as among the top risks currently faced by airports. As part of a recent conference held by the Willis Towers Watson Airport Risk Community (ARC), the broker found that 86% of the audience felt that airports are either very exposed or somewhat ... Read the full article

AJG agrees terms to take 100% ownership of Capsicum Re

27th November 2019

Arthur J. Gallagher & Co. (AJG) has announced that it has agreed heads of terms to pursue the necessary transaction to take 100% ownership of reinsurance specialist brokerage Capsicum Re. The transaction has been in the offing, as time was running out on an option that AJG had to expand its ... Read the full article

Lockton bolsters LatAm presence with exec hires

27th November 2019

Global insurance and reinsurance broker Lockton has added Andrew Perry and Ed Fyfe as senior Latin America executives, while also promoting Marcela Flores to form a new Lockton regional LatAm executive with effect from 1 May 2020. Perry joins from Marsh, having held various senior appointments including Chief Executive Officer of ... Read the full article

Marsh recruits Chemicals & Life Sciences leader from Munich Re

27th November 2019

Global re/insurance brokerage Marsh has announced the appointment of Jenny Yu as Chemicals and Life Sciences Industry Practice Leader for the UK & Ireland. Yu joins Marsh from Munich Re, where she most recently served as Life Science Risk Solutions Leader. She has spent the last nine years at Munich Re in ... Read the full article

Willis Towers Watson adds ICE InsureTech to Radar Live program

27th November 2019

Re/insurance broker Willis Towers Watson has announced that ICE InsureTech has become the latest vendor to join its global Radar Live Collaboration program. As a Radar Live collaborator, ICE Insuretech will have the ability to deploy Radar Live’s specialist insurance rating and rules solutions. Willis Towers Watson believes that its Radar Live ... Read the full article

Miller adds Eugene Leong to property team in Singapore

27th November 2019

Global re/insurance broker Miller has announced the appointment of Eugene Leong to its Singapore team, enhancing its property, downstream energy and construction capabilities. He will work closely with Singapore and London colleagues to support growth from existing and potential new clients in the Asia region. Leong joins Miller from Marnix in Singapore, ... Read the full article

Tysers adds Christina Allen to Bermuda arm

26th November 2019

Tysers, the specialty London-based wholesale broker, has announced the appointment of Christina Allen as a Director of Tysers Bermuda. Allen was most recently employed at Paragon Brokers (Bermuda) Ltd. She joins Tysers with over 15 years of re/insurance experience, predominantly in the Financial and Professional Lines Market in both Canada and Bermuda. In ... Read the full article

M&A insurance use up in 2019, market value at $2.3bn: Aon

26th November 2019

Around 3,200 deals were transacted globally in 2018 using warranty and indemnity (W&I) insurance, with market value reaching $2.3 billion, according to a new report from re/insurance broker Aon. The report found that market value was up 35% from 2014, with demand for merger and acquisitions (M&A) insurance products driven by ... Read the full article

Willis Towers Watson partners with Airport Operators Association

25th November 2019

Re/insurance broker Willis Towers Watson has entered into a corporate partnership with the Airport Operators Association (AOA), a trade body representing UK airports. Under the arrangement, the AOA will extend Willis Towers Watson’s aviation solutions and advisory expertise to its membership. The Association believes the partnership will enable it to enhance risk ... Read the full article

Consider parametric solutions for the more intangible losses: GC’s Franco

22nd November 2019

While parametric insurance solutions provide rapid payout post-event, offering welcomed transactional speed and transparency, risk transfer mechanisms that are structured this way might be best-suited to covering direct and well-defined physical damage, according to Guillermo Franco, Global Head of Cat Risk Research at reinsurance broker Guy Carpenter. Under a parametric insurance ... Read the full article

John Drzik steps down as head of Marsh division, takes advisory role

22nd November 2019

Global re/insurance brokerage Marsh has announced that John Drzik will step back from his full time responsibilities as President of the Global Risk and Digital (GR&D) division, effective January 1, 2020. Drzik will, however, remain involved with the business as a senior advisor, working with John Doyle, President and CEO of ... Read the full article

Aon Securities launches Randolph Re for private cat bond placements

22nd November 2019

Aon Securities, the investment banking division of re/insurance brokerage Aon plc, has announced the launch of its new private placement catastrophe bond platform, Randolph Re. Randolph Re broadens the scope of Aon’s insurance-linked securities (ILS) offering, providing clients with a dedicated platform for private placement transactions above $25 million in issuance ... Read the full article

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