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

Brown & Brown completes takeover of Canada MGA Special Risk

10th January 2020

Insurance brokerage firm Brown & Brown, Inc. has completed its acquisition of Canada domiciled managing general agent (MGA), Special Risk Insurance Managers, Ltd. First announced last month, Brown & Brown said that the acquisition is an important step towards its establishment of a presence in the Canadian insurance brokerage sector. Going ... Read the full article

Sarah Stephens named Head of Cyber, International at Marsh JLT Specialty

10th January 2020

Global re/insurance brokerage Marsh has announced the appointment of Sarah Stephens as Head of Cyber, International, within Marsh JLT Specialty, effective immediately. Stephens will serve in this newly created role in addition to her current position as Cyber, Media & Technology Leader within the UK FINPRO Practice. She will take responsibility for ... Read the full article

Hub International acquires RHC Insurance Brokers

10th January 2020

Global insurance brokerage Hub International has acquired Canada-based RHC Insurance Brokers. Terms of the transaction were not disclosed. RHC is an independent insurance brokerage spread throughout British Columbia that provides personal and business insurance. Tammy Darough, Chief Executive Officer and Chief Financial Officer of RHC, will assist Hub International Insurance Brokers, a ... Read the full article

Marsh enhances commercial real estate program

10th January 2020

Global re/insurance brokerage Marsh has added several coverage enhancements to its ZMAX commercial real estate insurance program, including cyber liability. Marsh said that the enhancements were designed to address potential gaps in insurance coverage faced by US mid-size commercial real estate firms. ZMAX plus is a single-carrier solutions that aims to help ... Read the full article

A disciplined renewals despite market challenges, says Aon

10th January 2020

Global insurance and reinsurance broker Aon has said that in spite of new market dynamics, programs renewed in an orderly fashion at the January 2020 reinsurance renewals season. Aon's January 2020 Reinsurance Market Outlook report highlights an orderly renewals season in most regions, adding that this occurred despite the impacts of ... Read the full article

Willis Re names Simon Buxton MD of International Customised Reinsurance

9th January 2020

Willis Re, the reinsurance arm of global insurance brokerage Willis Towers Watson (WTW), has announced the appointment of Simon Buxton as Managing Director of its International Customised Reinsurance practice, based in London. Willis Re's International Customised Reinsurance practice has a focus on non-traditional reinsurance, and in his new role, Buxton will ... Read the full article

Reserve deterioration a potential inflection point in 2020: GC’s Whitmore

8th January 2020

Ongoing challenges associated with reserve deterioration in the re/insurance industry represent a potential inflection point that demands close attention moving into 2020, according to Charles Whitmore, managing director at Guy Carpenter. Speaking at a lecture in Lloyd’s Old Library building, Whitmore described the issue as something spreading - accelerating, even - ... Read the full article

Aon completes purchase of SME insurtech platform CoverWallet

8th January 2020

Global re/insurance brokerage Aon has completed its previously announced acquisition of CoverWallet, a digital insurance platform for small and medium-sized businesses. Aon believes the acquisition will expand its position in the commercial insurance market for smaller businesses, and allow it to develop improved digital client solutions. CoverWallet joins the portfolio of ... Read the full article

Hub International acquires Cranbrook Bloomfield

8th January 2020

Global insurance brokerage Hub International has acquired the assets of Cranbrook Bloomfield Insurance Agency (CBIA). Terms of the transaction were not disclosed. Headquartered in Bloomfield Hills, Michigan, CBIA is an independent insurance brokerage that provides personal and commercial insurance, and employee benefits solutions. Agency principals John Williamson and Mark Barrett will join ... Read the full article

Aon’s Reinsurance Solutions names LatAm CEO

8th January 2020

Global insurance brokerage Aon has announced Pablo Munoz as the new Chief Executive Officer (CEO) for Reinsurance Solutions in Latin America, succeeding Alejandro Galizia. Munoz first joined Aon in 2008 and during his time with the re/insurance broker has held a number of leadership roles, playing an important role in the ... Read the full article

WTW exec Edwards to join Risk Strategies as COO

8th January 2020

US insurance broker and risk management firm Risk Strategies has appointed Sharon Edwards as Chief Operating Officer. Edwards, who will join the firm’s executive committee and lead its operating committee, assumes immediate oversight and management responsibilities for national operations. She previously served as Chief Financial Officer of Willis Towers Watson’s corporate risk ... Read the full article

Beach targets A&H reinsurance market with acquisition of US broker

7th January 2020

Insurance and reinsurance brokerage, Beach & Associates has announced the acquisition of Atlanta-based Accident & Health (A&H) reinsurance broker, Risk and Insurance Consulting Services (RICS). The acquisition sees RICS, which was established in 1997, become part of Beach Re Ltd. and the entity will operate as its A&H division, under the ... Read the full article

WTW & eBaoTech to provide one-stop insurance middle office platform

7th January 2020

Global re/insurance broker Willis Towers Watson (WTW) has entered into a new partnership with digital insurance solution provider, eBaoTech, to offer a bundled solution designed to accelerate digitisation across the industry. This new collaboration sees WTW's Radar Live rating engine integrate with eBaoTech's middle office platform, InsureMO, which is specifically designed ... Read the full article

Martin Kelsh joins HWI as board director

7th January 2020

Independent global insurance brokerage HW International has announced the appointment of Martin Kelsh as board director and head of the international non-marine team of the firm's London operation, H.W. Wood Limited. Kelsh will also lead HWI’s expansion and hiring in the insurance market and brings over 37 years of industry experience ... Read the full article

Capsicum Re establishes aviation reinsurance team

6th January 2020

Specialist reinsurance brokerage Capsicum Re has announced the launch of a new aviation reinsurance team led by David Bell, who will be based in London. Bell joins with 36 years of aviation industry experience and began his career at C.T.Bowring before joining Aon in 1999. In 2016 he joined AIG as Global ... Read the full article

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