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

Black to lead Risk Strategies’ National Professional Liability Practice

14th August 2019

U.S. domiciled insurance brokerage Risk Strategies has appointed Darren Black to lead its National Professional Liability Practice group. Industry veteran Black joins Risk Strategies after leading the professional services practice for U.S. brokerage, IMA Financial Group. Prior to this, Black served as Managing Director and leader of the design liability practice at ... Read the full article

Tysers opens Bermuda affiliate, relocates Tomkins to lead

14th August 2019

Specialty Lloyd’s broker Tyser has announced the launch of its Bermuda-based affiliate and appointed its Managing Director of Reinsurance, Richard Tomkins, to lead the new operations. Tomkins has relocated from London to Bermuda and becomes Managing Director of Tysers Bermuda. He has over 30 years’ experience covering both mainstream and specialty areas ... Read the full article

Gallagher makes changes to PS&E leadership

14th August 2019

Global insurance broker Gallagher has announced a number of changes within its Public Sector & Education (PS&E) leadership team in order to best meet shifting client demand. Gallagher has revealed that Peter Mason, Executive Director of PS&E, will take on the additional responsibilities of leading a major new strategic initiative designed ... Read the full article

July losses reach into billions of dollars after record heat, rainfall: Aon

13th August 2019

The impact of hurricane Barry combined with a series of severe thunderstorms in the U.S., monsoonal flooding across parts of Asia, and a record-breaking heatwave in parts of Europe contributed to billions of dollars of insured losses in the month of July, according to re/insurance broker Aon. Hurricane Barry made landfall ... Read the full article

Lockton adds Aon’s Barber to lead global healthcare practice

12th August 2019

Global re/insurance brokerage Lockton has appointed William Barber to lead an international healthcare practice focused on driving collaboration and integration across its London teams and international network. It’s hoped the practice, formed as part of the company’s professional and financial services offering, will enable Lockton to bring the best of the ... Read the full article

Cyber may force reinsurers to redefine boundaries of war: Capsicum Re

9th August 2019

A new report by specialist reinsurance broker Capsicum Re has contended that cyber perils transcend traditional lines of business and challenge the very concept of war as it has historically been understood by the re/insurance market. Analysts argue that current war exclusionary language has been rendered unfit for purpose, due to ... Read the full article

There may be no future for small generalist brokers, says Gallagher CEO

8th August 2019

Small, generalist insurance and reinsurance brokers could find survival increasingly challenging as the need to be a specialist in order to remain relevant increases, according to the Chief Executive Officer (CEO) of brokerage Arthur J Gallagher, Patrick Gallagher. In a recent interview with the Financial Times (FT), Gallagher suggested that the ... Read the full article

The Boeing Company’s Michael Tarling rejoins Marsh

7th August 2019

International re/insurance brokerage Marsh has appointed Michael Tarling as Senior Adviser within the Aviation Practice of Marsh JLT Specialty. Tarling previously worked for Marsh between 2005 and 2011, and rejoins the broker in what's a newly-created position that will see him deliver senior client engagement and risk advisory services to Marsh ... Read the full article

Risk Strategies appoints Giannone to lead Chicago office, oversee central U.S.

7th August 2019

U.S. domiciled insurance brokerage, Risk Strategies, has appointed Steve Giannone to run its Chicago office and oversee operations in its central U.S. region. Industry veteran Giannone joins Risk Strategies from USI Insurance Services’ Insurance Brokerage and Consulting practice in Chicago, where he most recently served as Senior Vice President (SVP) and ... Read the full article

Cobbs Allen expands insurance brokerage team with David Payne hire

7th August 2019

David Payne has joined Cobbs Allen from JLT US as the firm continues to expand its insurance brokerage team. He is set to join the company's leadership team that is building a national specialty platform dedicated to providing complex risk solutions for corporate and private equity clients. Most recently, Payne served as ... Read the full article

Willis Towers Watson targets pricing fairness & transparency with Radar 4.5

6th August 2019

Insurance and reinsurance brokerage Willis Towers Watson (WTW) has released an updated version of its Radar pricing software, designed to provide insights on pricing fairness and address the growing need for transparency. Radar 4.5 is the latest version of the broker's pricing software, and WTW states that its next generation insurance ... Read the full article

Ed bolsters Asia Pacific leadership with appointment of David Lim

5th August 2019

Re/insurance brokerage Ed has announced the appointment of David Lim as Chief Executive Officer of Retail for Singapore and Head of Marine for Asia Pacific. Effective immediately, Lim will be based in Singapore and report to the CEO of Asia Pacific, Stephen Britten. He joins from Brit Global Specialty Singapore with over ... Read the full article

BGC Insurance adds a further Marsh exec to aviation & space brokerage

5th August 2019

BGC Insurance Group (BGCI), a division of BGC Partners Inc., has announced the appointment of Oyin Heath to its newly formed global aviation and space re/insurance brokerage. Heath joins BGCI from Marsh JLT Specialty, where she was a Managing Director and Leader of the Aerospace and Manufacturer Segments of the Aviation ... Read the full article

Hub International acquires Insurance Center of New England

5th August 2019

Global insurance broker Hub International Limited has acquired Massachusetts-based independent insurance brokerage, Insurance Center of New England, Inc. (ICNE). Terms of the transaction were not disclosed, but it has been announced that President and Chief Executive Officer (CEO) of ICNE, Bill Trudeau will join Hub New England, reporting to Timm Marini, ... Read the full article

U.S. Risk announces purchase of U.S. E&O Brokers

2nd August 2019

U.S. Risk, a Property & Casualty wholesaler and Managing General Agent, has announced the acquisition of U.S. E&O Brokers, a wholesale broker and MGA focused on professional lines coverage for insurance agents. U.S. E&O is headquartered in Houston, Texas, but has additional locations in Connecticut, Colorado and New Mexico. The newly-acquired team ... Read the full article

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