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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.

Marsh & McLennan Agency acquires Assurance Holdings

3rd April 2020

Marsh & McLennan Agency, the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Illinois-based Assurance Holdings. Assurance was founded in 1961 and is a full-service brokerage providing business insurance, employee benefits, private client insurance and retirement services to companies and individuals across the country. The company ... Read the full article

BMS inks Preferred Partner agreement with Portuguese broker Tagus

2nd April 2020

Independant specialist re/insurance broker BMS Group has concluded a Preferred Partner agreement with Tagus Specialty, a new wholesale and specialty broker. A plan has been developed that will see BMS teams in London and Madrid work closely with Tagus. Tagus will also receive support from BMS on the distribution of specialty reinsurance ... Read the full article

Nexus division completes trade credit takeover from Howden UK

2nd April 2020

Xenia Broking Group, the independent broking arm of insurance intermediary holding company Nexus Group, has completed its acquisition of the trade credit business of Howden UK Group Limited. The acquisition was announced last month, and will see Xenia integrate Howden’s trade credit business with its regulated entity Credit Risk Solutions ... Read the full article

Loss-hit lines up +50% during a steady April reinsurance renewals: Willis Re

1st April 2020

Despite the disruption caused by the ongoing COVID-19 pandemic, reinsurers took a measured approach to the April renewals and services were provided without interruption, reports reinsurance broker Willis Re in its latest 1st View renewals report. According to Willis Re, the reinsurance broking arm of Willis Towers Watson, the global reinsurance ... Read the full article

Charles Rumball to lead Willis Re Specialty – North America

31st March 2020

Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has appointed Charles Rumball as Head of Specialty - North America, reporting to both Donald Harrell, Chief Operating Officer (COO) of Willis Re Specialty and Jeffrey Livingston, Executive Vice Chairman, Willis Re North America. Currently, Rumball serves as Executive Vice ... Read the full article

BMS Group subsidiary acquires specialist broker Jurado Mata

26th March 2020

Independant specialist re/insurance broker BMS Group has announced the acquisition of Jurado Mata by its Spanish subsidiary, BMS Iberia. Jurado Mata was founded in 1990 and provides a range of affinity, commercial and personal lines solutions to a number of clients across Spain. Juan Mata, Chief Executive Officer of Jurado Mata, will ... Read the full article

Willis Re adds Dan Melanson as SVP, health practice leader

26th March 2020

Willis Re, the reinsurance business of Willis Towers Watson, has appointed Dan Melanson as senior vice president and Health Practice leader. Melanson will serve on the Life, Accident and Health senior management team and be responsible for creating and executing strategies to grow the Willis Re LAH business. He begins immediately and ... Read the full article

Aon’s Eric Andersen, WTW’s Julie Gebauer to lead integration

25th March 2020

Global insurance and reinsurance broker Aon has confirmed to Reinsurance News that Eric Andersen, President of Aon and Julie Gebauer, Head of Human Capital & Benefits at Willis Towers Watson (WTW), will lead the integration of the two brokerage firms. On the 9th of March, 2020 Aon announced that a ... Read the full article

WTW tool enables tracking of COVID-19 cases against P&C portfolios

25th March 2020

Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced the addition of a new COVID-19 feature within its Global Peril Diagnostic modelling tool, designed to track pandemic cases against P&C clients' global assets. The new, real-time, risk and analytics feature provides risk managers with up-to-date information on confirmed COVID-19 ... Read the full article

Coronavirus BI loans available to UK brokers, but not re/insurers

23rd March 2020

Government-owned development bank, the British Business Bank, has revealed that the recently announced Coronavirus Business Interruption Loan Scheme (CBILS) will be made available to UK brokers, but not to insurers or reinsurers. CBILS is a new scheme announced last week by Chancellor Rishi Sunak to help support businesses whose operations have ... Read the full article

Could market decline force M&A price renegotiations? (Covea-PartnerRe, Aon-WTW)

23rd March 2020

With pressures from the coronavirus (COVID-19) outbreak causing a surge in market volatility and significant decreases in share prices, there could be a question mark over some of the larger merger and acquisition (M&A) deals announced recently. For example, PartnerRe shares were valued at US $27.20 per share on the New ... Read the full article

Marsh appoints Fiona Park to multinational practice leader role

20th March 2020

Global insurance broker Marsh has appointed Fiona Park as its multinational practice leader for Scotland within its UK corporate division. Based in Glasgow, Park will lead a team which brings together expertise across Marsh’s Corporate offices in Aberdeen, Edinburgh, and Glasgow, and the business’s global network. She reports to Allan McPherson, regional ... Read the full article

Willis Towers Watson announces A Class, a business aviation community

19th March 2020

Global insurance and reinsurance broker Willis Towers Watson (WTW) has launched a new community group dedicated to the delivery of data, knowledge and solutions to its business aviation clients, called A Class. The new business aviation community has a focus on both data analytics and risk strategy and is designed to ... Read the full article

BMS Re US adds Jonah Pfeffer as Chief Casualty Officer

19th March 2020

Specialist re/insurance broker BMS Group has appointed Jonah Pfeffer as Chief Casualty Officer at BMS Re US. Effective immediately, Pfeffer will report to Pete Chandler, president and Chief Executive of BMS Re US, and focus on the strategic direction of BMS’ casualty offering. He joins with 23 years’ experience and most recently ... Read the full article

Alliant appoints Sean White to employee benefits team

17th March 2020

US specialty insurance broker Alliant has announced the appointment of Sean White to its employee benefits team. As first vice president, White will provide a range of strategic benefits solutions to Alliant’s client base throughout the Northwest. Prior to joining Alliant, White was principal with a national insurance and employee benefits consulting ... Read the full article

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