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2017 catastrophes a “perfect opportunity” for reinsurers to showcase adaptability

22nd January 2018

Guy Carpenter's Vice Chairman David Priebe called the recent catastrophic events a "perfect opportunity" for reinsurers to showcase their ability to adapt solutions to the unique risk profiles of individual clients, a reminder that the flip side of every major disaster is an opportunity for the innovative and entrepreneurial. 2017's record ... Read the full article

Aon appoints Mike Smaje to Global Investment Practice partner

22nd January 2018

Insurance and reinsurance broker Aon has named Mike Smaje, pensions investment consultancy and asset management expert, as a partner in its Global Investment Practice set to be based out of the firm's Leeds and Manchester offices. Smaje joins from a role as an investment specialist for Aberdeen Standard (formerly Standard Life ... Read the full article

JLT Re launches economic capital modelling solution ANSER

19th January 2018

Reinsurance broker JLT Re has launched its own economic capital modelling solution for clients, named ANSER, ANalytics Software for the Evaluation of Risk. ANSER has been developed with the help of Ultimate Risk Solutions (URS), a leading independent economic capital modelling (ECM) software developer and has been designed to provide a ... Read the full article

Paul Woodward joins JLT Specialty as Head of NA Casualty from Marsh

18th January 2018

Insurance and reinsurance brokerage JLT Group subsidiary, JLT Specialty, has announced the appointment of Paul Woodward as Head of North American Casualty. Woodward joins JLT Specialty from Marsh, having previously worked for JLT until 2011. In his new role he will work closely with the broker's international team, with the aim ... Read the full article

Reinsurance market demonstrates its resilience at 1/1: Guy Carpenter

18th January 2018

Commenting on the state of the global reinsurance market after the key January reinsurance renewals, broker Guy Carpenter notes how resilience the market has been and that little in the way of capital has evaporated despite the major losses of last year. In fact, Guy Carpenter's analysis shows that reinsurance capital ... Read the full article

AmWINS reveals new CEO & leadership changes

17th January 2018

AmWINS Group, Inc. has announced the appointment of Scott M. Purviance as its new Chief Executive Officer (CEO), replacing M. Steven DeCarlo, effective May 1st, 2018. Currently the firm's Chief Operating Officer (COO), Purviance has been part of the AmWINS leadership team since 2001, and served as Chief Financial Officer (CFO) from ... Read the full article

Jeremy Fox to join JLT Re from Aon Benfield as Asia-Pacific CEO

15th January 2018

JLT Re, the global reinsurance arm of re/insurance broker JLT Group, has announced that Jeremy Fox has been appointed Chief Executive Officer (CEO) of JLT Re's Asia-Pacific unit (APAC), and that he will also become a member of the Reinsurance Global Executive Committee. Most recently, Fox served as Chief Operating Officer ... Read the full article

Aon secured £900mn reinsurance protection for LV=/RGA transaction

15th January 2018

Global insurance and reinsurance brokerage, Aon, recently secured £900 million in reinsurance protection for London Victoria Friendly Society's (LV=) asset and longevity risk transaction. Reinsurance News discussed the £900 million deal between Reinsurance Group of America (RGA) and LV= when it was announced in December 2017, and Aon has now ... Read the full article

Modest market hardening across global specialty lines at 1/1: Willis Re

15th January 2018

Across multiple global specialty lines, a modest hardening of rates is expected in 2018, however, new capacity has entered the market in anticipation of the hardening market and will thus reduce the impact on rate growth, according to Willis Re's viewpoint report on January renewals. In the global specialty markets signs of ... Read the full article

Willis appoints Alex Steele & Russell Nicholson to Guernsey Financial Institutions Practice

15th January 2018

Willis Towers Watson has announced the appointment of Alex Steele and Russell Nicholson to their Guernsey Financial Institutions practice. Steele and Nicholson will assume joint responsibility for Client Relationships in Guernsey, while Anthony Kay will undertake the same role in Jersey. Chris Jackson, Global Head of FINEX FI Middle Market commented on ... Read the full article

Companies’ uptake of standalone cyber insurance to surge in 2018

12th January 2018

In 2018 uptake of standalone cyber insurance policies is expected to surge as companies respond to the growing cyber threat and regulators more strictly enforce and coordinate cybersecurity regulations, according to Aon's 2018 Cybersecurity Predictions report. As firms increasingly feel the heat of cyber attacks with reduced earnings, operational disruption and ... Read the full article

Aon Baltic completes acquisition of broker Balto Link

11th January 2018

Aon Baltic has announced the completion of the acquisition of insurance broker Balto Link, a Baltic region specialist in large corporate business and online sales. General Manager of Aon Baltic Žilvinas Petrauskas commented; “joining forces with Balto Link will create value and empower results for clients of both firms. Balto Link’s ... Read the full article

Casualty market calms after HIM but reinsurers push for improved T&Cs: Willis Re

10th January 2018

The global casualty market remains orderly and has calmed down somewhat from the initial impacts of third-quarter hurricanes, however, the trend of improved terms and conditions (T&C) for reinsurance buyers is now slowing, and even reversing in some instances, according to Willis Re. In its recent 1st View report, reinsurance broker ... Read the full article

Beach & Associates acquired by Acrisure

10th January 2018

Reinsurance brokerage Beach & Associates is to be acquired by U.S. retail consulting and insurance broking group Acrisure, LLC, who will acquire 100% of Beach’s equity from existing shareholders, including private equity specialists Aquiline Capital Partners. Beach will retain its name, identity and approach under the new ownership, operating as an ... Read the full article

Aon names Edward Smerdon as Head of Legal and Technical

10th January 2018

Aon has named Edward Smerdon as Head of Legal and Technical for the Financial and Professional Services division of its London-based Global Broking Centre (GBC). Smerdon is a specialist in complex coverage, with an emphasis on financial lines insurance including directors & officers, financial institutions, and professional and employment practice liabilities. Commenting ... Read the full article

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