Reinsurance 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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
