Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broking market developments, 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 JLT Specialty hires Rob Hale as London Market Leader
22nd October 2020
Insurance broker Marsh has announced the appointment of Rob Hale as London Market Leader, Power & Renewable Energy Practice for Marsh JLT Specialty. Hale is expected to join the business in the first quarter of 2021. He will be based in London and report to Andrew Herring, CEO, UK & Ireland, ... Read the full article
Gallagher recruits Market Management Director from Zurich
21st October 2020
International re/insurance broker Gallagher has announced the appointment of Nick Price as Market Management Director. Price joins Gallagher from Zurich, where he most recently served as Global Broker Relationship Leader. He has 20 years’ experience in insurance having additionally held roles at leading insurers AIG, RSA and AXA. In his new role, Price ... Read the full article
UK & EU regulators wrestle for oversight of Aon / WTW merger: reports
20th October 2020
British and European Union regulators are reportedly debating which authority will have oversight of some of Europe's largest mergers ahead of a Brexit trade deal deadline in December, including the planned combination of re/insurance brokers Aon and Willis Towers Watson (WTW). A Financial Times article, citing people briefed on the issue, ... Read the full article
Aon appoints Graeme Rayner to lead new Alternative Distribution platform
20th October 2020
Global insurance and reinsurance broker, Aon, has launched a new London-based platform that matches underwriting expertise with capacity provision through fronting, MGA / MGU and captive solutions, called Alternative Distribution. The new platform will work with fronting structures and will access capabilities from across the company to make a broad range ... Read the full article
O2 Broking registered as first Lloyd’s broker in Denmark
19th October 2020
O2 Broking ApS has been approved as the first Lloyd’s Registered Broker in Denmark as part of the re/insurance marketplace's preparations for Brexit. Lloyd's previously established a hub in Brussels to help it transition smoothly as the UK exits the European Union. However, subject to current negotiations between UK and EU about ... Read the full article
Gallagher to add Ian Kerton as partner within motor, specialty
19th October 2020
Specialist reinsurance broker Gallagher Re is set to add Ian Kerton to its Motor & Casualty division as a partner. Kerton will take on his new role in April 2021, bringing 27 years’ treaty reinsurance market experience. He joins from Guy Carpenter, where he has led the UK Property & Casualty team since ... Read the full article
Aon releases study on Global Risk, Profitability and Growth Metrics
19th October 2020
Re/insurance broker Aon has released a study on Global Risk, Profitability, and Growth Metrics, focusing mainly on the Property & Casualty (P&C) business. P&C has produced an underwriting profit in 2019 with a combined ratio of 97.4 percent, a decrease from last year’s 98.0 percent combined ratio Europe averaged a 95.5 percent ... Read the full article
COVID-19 tail unclear, but we’ve much further to travel in casualty: Willis Re
16th October 2020
While insurers and reinsurers looked to book much of their pandemic losses in the second-quarter, the potential for casualty lines development could persist for years and be very significant, according to executives at reinsurance broker Willis Re. It's likely to be years before we understand the full impact of the ongoing ... Read the full article
WTW launches real estate solution on DBS platform
16th October 2020
Global re/insurance broker Willis Towers Watson has announced the launch of a Real Estate Differentiated Broking Solutions (RE DBS). This solution sits alongside WTW's existing DBS programs and will serve clients across several industries, including real estate holding and other investment offices, hotels, rooming houses, camps and other lodging places, golf courses ... Read the full article
Lockton Re adds Guy Carpenter’s Jon Warner as senior account manager
16th October 2020
Global reinsurer Lockton Re has added Jon Warner as a senior account manager in the Aviation & Aerospace practice. Warner, who arrives early next year, joins from Guy Carpenter where he was most recently part of the Aviation team. He started his career at Hogg Robinson over 30 years' ago before holding ... Read the full article
Marsh hires new US Cyber Incident Management Leader
15th October 2020
Global insurance and reinsurance broker, Marsh, has announced the appointment of Katherine Keefe as US Cyber Incident Management Leader. In this newly created role, Keefe will be responsible for leading the broker's efforts to assist clients responding to and managing cyber events, including data breaches and ransomware attacks, whilst giving advice ... Read the full article
Lockton Re adds Guy Carpenter’s Andy Massingham as a Senior Broker
15th October 2020
Lockton Re, the reinsurance arm of global brokerage Lockton, has announced that appointment of Andy Massingham as a Senior Broker, based in the London office, as part of the firm's Marine & Energy Division. Massingham joins Lockton Re from rival brokerage Guy Carpenter, where he most recently served as a Managing ... Read the full article
Guy Carpenter targets program market with launch of GC Access
14th October 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of GC Access (SM), a new business unit designed to provide dedicated MGA program business solutions. The new business division offers a range of services to MGAs and carriers operating within the program market, including carrier and reinsurance ... Read the full article
Marsh adds senior hires to UK aviation team
14th October 2020
Re/insurance broker Marsh has announced the appointment of Mark Walters as a Managing Director within the UK Aviation Practice, effective immediately. In this role, he will provide senior insurance and risk advisory services to Marsh JLT Specialty’s UK aviation and aerospace clients, which includes airlines, airports, manufacturers, and ancillary providers. Walters was ... Read the full article
CAC Specialty establishes analytics practice with Nathan Baseman hire
14th October 2020
Insurance broker CAC Specialty has established its analytics practice with the appointment of Nathan Baseman as Senior Vice President and Analytics Practice Leader. Baseman, who was most recently Director of Analytics for Lockton Companies, will partner alongside all the existing analytic activity and lead the company's extension of firmwide capabilities around topics ... Read the full article
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