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Reinsurance News

Reinsurance broking news

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

Reinsurance brokers have a core role to play in the market, so we frequently cover news related to their activities and also interview senior reinsurance broking executives as well.

Capsicum Re launches Gh0st, a ransomware modelling solution

26th May 2020

Specialist reinsurance broker Capsicum Re has announced the launch of Gh0st, a dedicated ransomware modelling solution. The proprietary model is designed to help clients and markets quantify diverse and realistic ransomware scenarios and optimise their portfolios. Gh0st allows clients to input all their affirmative cyber policies and extract a picture of exposure ... Read the full article

Nordic Capital to acquire Max Matthiessen from WTW

26th May 2020

Nordic Capital, a leading investor in the financial services sector, has announced the acquisition of Max Matthiessen from global insurance and reinsurance broker, Willis Towers Watson (WTW). Max Matthiessen is one of the leading financial advisors within pensions, insurance and investment in the Nordic region. Established in 1889 and headquartered in ... Read the full article

Aon announces enhanced workers’ comp cost management tool

26th May 2020

Global insurance and reinsurance broker Aon has announced the release of the latest version of its workers' compensation cost management tool, Aon Spectrum Analytics. The brokerage states that its interactive analytics tool provides organisations with the ability to help manage Total Cost of Risk (TCoR) and track quarterly performance as part ... Read the full article

Exacerbated hard market is exposing “anachronistic” broking structure: report

22nd May 2020

A new report claims that a hard market exacerbated by the impacts of the COVID-19 pandemic is exposing the "hopelessly conflicted and untransparent broker system" that developed during a prolonged softened market state. Brokers receive up to 80% of their renumeration from insurers and just 20% from clients, says the report ... Read the full article

MMC re-elects Board of Directors

22nd May 2020

Marsh & McLennan Companies (MMC), the insurance and reinsurance focused risk, strategy and people professional services firm, has revealed that its entire slate of 2020 director nominees were elected during its recent Stockholders' meeting. At the meeting, shareholders re-elected directors to serve for a one-year term expiring at the 2021 annual ... Read the full article

WTW appoints Johan Forsgård to new Nordics leadership role

22nd May 2020

Re/insurance broker Willis Towers Watson (WTW) has announced the appointment of Johan Forsgård as the leader of its new Nordics region structure. As Head of the Nordics, he will manage the newly formed region consisting of Sweden, Finland, Denmark, and Norway. Forsgård was previously Head of Sweden and Finland at WTW, having ... Read the full article

EC3 Brokers adds Colin Bird to senior management

21st May 2020

EC3 Brokers has added Colin Bird to work alongside senior management in a role that will see him focus on the growth of the company. Bird joined on May 1 and will also oversee the newly created specialty casualty and cyber team. He has over 30 years’ experience in the industry and ... Read the full article

CAC Specialty adds WTW’s Eric Joost to key tech, global markets role

21st May 2020

Specialty insurance broker and investment banking platform CAC Specialty has added Eric Joost as Executive Vice President and Chief Technology & Global Markets Officer. Joost joins with over 30 years’ experience across a range of insurance products, markets and client segments. His experience spans several global firms including most recently as Global ... Read the full article

BMS adds three to energy division

21st May 2020

BMS Group, the specialist insurance and reinsurance broker, has announced the additions of Alison Schwab, Russell Williams, and Robert Thomas to its energy division. Schwab and Williams will join alongside Thomas after the completion of their contractual obligations in July and November, respectively. The trio will report to James Chicken, Managing ... Read the full article

EC3 expands intl. financial, professional lines division with Collier hire

20th May 2020

Lloyd's-headquartered commercial lines broker EC3 Brokers, has expanded its international financial and professional lines division with the appointment of John Collier as divisional director. Collier joined on 1 April and will report to James Murphy, head of broking at EC3 Brokers. He brings over 28 years’ experience placing professional indemnity insurance, directors ... Read the full article

Lockton Re names Martin Stephenson Chairman of Marine & Energy

20th May 2020

Global reinsurance broker Lockton Re has announced the appointment of Martin Stephenson as Chairman of Marine & Energy, effective July 2020. In his new role, Stephenson will report to Keith Harrison, International Chief Executive Officer (CEO) at Lockton Re, and will work closely with Jerry Ridge, Head of Marine & Energy ... Read the full article

Pre-COVID-19 structural factors to influence reinsurance renewals: Flandro, Hyperion X

19th May 2020

While the COVID-19 pandemic will undoubtedly have an influence on upcoming renewals for insurers and reinsurers, for the latter, the broad structural factors that have been in place prior to the outbreak cannot be ignored, according to David Flandro, Managing Director at Hyperion X. In a recent video interview with our ... Read the full article

Aon appoints General Manager for Data & Analytics Services

19th May 2020

Re/insurance broker Aon has promoted Steve Petrevski to the position of Senior Vice President  (SVP) and General Manager of Data & Analytic Services. In this role, Petrevski will be responsible for developing Aon’s Data & Analytic Services platform, reporting to John Bruno, CEO of Data & Analytic Services and COO of ... Read the full article

BMS inks Preferred Partner agreement with Chilean broker Insurex Re

18th May 2020

Independant specialist re/insurance broker BMS Group has concluded its Preferred Partner agreement with Insurex Re. A long-term business plan has been agreed with the independent Chilean reinsurance broker and existing trading partner that will see the two target facultative and treaty reinsurance placements, spanning property cat, financial lines, surety and construction. In ... Read the full article

Dominic Addesso named Non-Exec Chairman of BMS Intermediaries

18th May 2020

Specialist insurance and reinsurance broker BMS Group has announced the appointments of Dominic Addesso as Non-Executive Chairman and LoriAnn Lowery-Biggers as an independent Non-Executive Director of BMS Intermediaries Inc., the Group's US reinsurance intermediary unit. At the same time, both Addesso and Lowery-Biggers also join as independent Non-Executive Directors of the ... Read the full article

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