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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.

Lockton adds Matt Heinz to Transaction Liability practice

26th January 2021

Global re/insurance broker Lockton has announced the appointment of Matt Heinz as a Partner in its Transaction Liability practice. He will co-lead the group with Partners Josh Halpern, Eric Ziff and Gaurav Sud, who joined Lockton last year as the firm sought to significantly bolster its transaction liability capabilities. Heinz most recently ... Read the full article

Brown & Brown Q4 revenue rises $63mn

26th January 2021

Insurance broker Brown & Brown has reported $642.1 million in revenues for the fourth quarter of 2020, up $63.1 million from the prior year quarter. Organic revenue for the quarter increased by 4.7% and net income was $97.3 million, up by $20.8 million. Revenues for the full year were $2.6 billion, a ... Read the full article

Severe convective storm events the main driver of losses for re/insurers: Aon

26th January 2021

In 2020, the severe convective storm (SCS) peril maintained its status as a primary loss driver for insurers and reinsurers; as the U.S. witnessed a record 14 individual billion-dollar economic loss SCS events, according to global brokerage Aon. The 2020 annual Weather, Climate & Catastrophe report from insurance and reinsurance broker ... Read the full article

Re/insurance broker Oneglobal launches Bermuda office

25th January 2021

Oneglobal Broking, the commercial re/insurance brokerage owned by investor JC Flowers, has continued the build out of its international operations with the launch of its Bermuda office. Concurrently, the broker has announced the appointment of Craig Douglas as Executive Director, Oneglobal Bermuda, and Kilian Whelan as Chief Operating Officer (COO) of ... Read the full article

Insured 2020 cat losses estimated at $97bn by Aon

25th January 2021

Re/insurance broker Aon has estimated that catastrophe losses insured by the private sector or by government-sponsored programs totalled $97 billion over 2020. Overall economic losses were estimated at $268 billion, caused by 416 catastrophe events, leaving a protection gap of 64%. Aon’s Weather, Climate & Catastrophe Insight report for 2020 also shows ... Read the full article

Kevin Gordon joins BMS from Willis Re as SVP, Treaty Reinsurance

21st January 2021

BMS Group, the specialist insurance and reinsurance brokerage, has continued its expansion in the U.S. treaty reinsurance marketplace with the addition of Kevin Gordon as Senior Vice President (SVP), Treaty Reinsurance, effective immediately. In his new role, Gordon joins the broker's Chicago office and will report to Bred Nebel, Branch Manager ... Read the full article

Alliant Specialty Group hires Lauren Gregory as SVP

21st January 2021

US insurance broker Alliant Insurance Services has appointed Lauren Gregory as Senior Vice President for its Alliant Specialty Group. She will be located in New York, serving as a leader in Alliant Public Entity, with a focus on public entity and infrastructure. Gregory expands Alliant’s expertise in public entity to the East Coast ... Read the full article

Covid-19, Brexit tops LIIBA’s 2021 priorities

21st January 2021

Helping members deal with the pandemic and supporting post-Brexit trading have been outlined as top priorities for the London and International Insurance Brokers’ Association (LIIBA) in 2021. LIIBA's Chief Executive Officer Christopher Croft says Covid-19 will continue to be a focal point for members of the trade body in 2021. "We will ... Read the full article

Casualty renewals see underwriting tighten against stress factors: GC

21st January 2021

Reports from re/insurance broker Guy Carpenter (GC) show that casualty reinsurance renewals varied widely at January 1, 2021, with negotiations influenced by individual circumstances such as loss experience, covered lines and classes written. But despite this divergence, analysts believe that every placement experienced some degree of continued reinsurance underwriting rigor. This trend ... Read the full article

Gallagher acquires Atlas General Insurance Services

20th January 2021

Re/insurance broker Arthur J. Gallagher & Co. has announced the acquisition of San Diego-based multiline program manager and managing general agency Atlas. Founded in 2009 by Bill Trzos, Atlas offers workers compensation, commercial lines and specialty property programs nationwide, with expertise in the California workers compensation market. Mike Mathews, Charles Lasher and ... Read the full article

Marsh & McLennan pledges carbon neutrality in 2021

19th January 2021

Global insurance and reinsurance broker Marsh & McLennan has announced two new commitments in its effort to combat climate change. The company has made a pledge to be carbon neutral in 2021 through the reduction of greenhouse gas emissions in its own operations and the purchase of verifiable offsets, whilst also ... Read the full article

Marsh UK appoints Tom Colraine as Chairman

19th January 2021

Marsh UK, a division of global insurance brokerage Marsh, has appointed Tom Colraine, who has been a non-executive director of the business since 2018, as Chairman, succeeding Jane Barker. Colraine has experience as a non-executive director, including as Chair of Hastings Group Holdings and the Compre Group, as well as chairing ... Read the full article

Corant Global launches as holding company for BGC’s insurance interests

19th January 2021

Corant Global Limited, the new name for BGC Insurance (BGCI), has launched today and will become the holding company for all the insurance interests of global brokerage and financial technology firm, BGC Partners, Inc. Corant will comprise of insurance and reinsurance broking operations Ed, Besso, Piiq Risk Partners and Junge, alongside ... Read the full article

Aon targets rising fuel costs with new insurance solution

18th January 2021

Global insurance and reinsurance brokerage firm, Aon, has launched a new fuel insurance solution for the shipping and aviation industries, backed by AAA-rated credit insurance. Designed to help companies mitigate the impacts of rising fuel costs, the new protection will be activated if the cost of fuel increases and exceeds an ... Read the full article

WTW enhances global P&C hub with addition of Shanghai

18th January 2021

Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has added Shanghai to its international property and casualty hub as the firm looks to enhance its global placement model for clients. Initially focused on the coordination of placement activity across London, Bermuda, and Singapore, the Global Markets P&C Hub further strengthens ... Read the full article

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