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.
No significant capital rush amid investor trepidation: Willis Re execs
12th October 2020
While it's likely that more fresh capital will look to enter the re/insurance market in light of improving market conditions, investor trepidation remains amid continued financial market uncertainty and volatility, according to executives at Willis Re, the reinsurance broking of Willis Towers Watson (WTW). "We simply don't see capital rushing in," ... Read the full article
Risk settlement market could reach £50bn by end of 2020: Aon
12th October 2020
Global insurance and reinsurance brokerage, Aon, predicts that the risk settlement market could still reach £50 billion by the end of 2020. The 2020 result for the risk settlement market, including both bulk annuities and longevity swaps, could make it a record year, despite the difficulties that have arisen from the ... Read the full article
BMS hires Pro Global’s Mory Katz to support legacy expansion
8th October 2020
Specialist re/insurance broker BMS Group has hired Mory Katz to work with its reinsurance arm as a senior consultant. Prior to joining BMS, Katz served as a managing director at Pro Global, leading its US operations and business development. He was also the Chief Executive Officer of the company’s two US subsidiaries, ... Read the full article
E&S digital wholesale platform Pathpoint launches
8th October 2020
Pathpoint, a San Francisco-based Excess & Surplus digital wholesale distributor, has announced its launch. The company has been built to connect retail agents and E&S carriers through its proprietary platform built to quote and bind Excess & Surplus lines coverage. With efficiencies gained from the technology, Pathpoint claims to distribute its products ... Read the full article
Aon adds Sue Lee to capital advisory team as director in corporate finance
8th October 2020
Re/insurance broker Aon has added Sue Lee to its reinsurance solutions capital advisory team as a director in corporate finance. Lee joins Aon from Athene Holding, where she served as investor relations director. Her previous roles included equity research vice president at Barclays, and investment banking associate at BMO Capital Markets. Lee now ... Read the full article
Stonybrook Capital adds Paul Kneuer as a Managing Director
7th October 2020
Investment banking and reinsurance broking firm Stonybrook Capital has announced the appointment of Paul Kneuer as a Managing Director. Kneuer brings 40 years' experience to the firm and most recently served as Chief Underwriting Officer of Everest Re's structured reinsurance program in London. Before that he spent time as head of reinsurance ... Read the full article
TigerRisk to leverage CoreLogic’s catastrophe models
7th October 2020
Catastrophe risk modeller CoreLogic has announced re/insurance broker TigerRisk Partners as the latest company to incorporate its modelling tools. CoreLogic’s data and analytics capabilities are designed to help provide clients with a more comprehensive view of their portfolios. “As one of the largest reinsurance brokers in the industry, TigerRisk services clients all ... Read the full article
Aon announces IP capital market solution, first $100mn deal
6th October 2020
Global re/insurance broker Aon has launched an intellectual property capital market solution designed to help companies protect and maximise the value of its intangible assets. Aon has also revealed that a $100 million deal involving agriculture technology firm Indigo Ag is the first deal to be completed via the new solution. Indigo Ag is ... Read the full article
Guy Carpenter adds Hartshorn as Chief Human Resources Officer
6th October 2020
Reinsurance broker Guy Carpenter has announced the appointment of Melissa Hartshorn as Chief Human Resources Officer. Hartshorn most recently served as interim Chief Human Resources Officer at Guy Carpenter, and prior to this was HR Leader for the company’s Global Operations and Global Strategic Advisory divisions. She joined parent company MMC in ... Read the full article
EC3 Brokers announce award for DIFC Master Health Insurance Scheme
6th October 2020
Reinsurance broker, EC3 Brokers MEA recently announced that Abu Dhabi National Insurance Company has been awarded the DIFC Master Health Insurance Scheme. The scheme is in partnership with the Dubai International Financial Centre Authority (DIFCA) and becomes effective on 1st October.The purpose of it is to provide cost-effective health insurance ... Read the full article
Crawford & Company acquires Chilean loss adjustor Crawford Carvallo
5th October 2020
Crawford & Company, a provider of claims management solutions, has announced the acquisition of Crawford Carvallo and its individual business units. Business units include Graham Miller, Crawford Marine & Transportation, Crawford Affinity Chile, Crawford Affinity Colombia, Legaltec, and Quality Surs. Crawford Carvallo provides loss adjusting, claims management solutions and legal services in Chile ... Read the full article
Oneglobal adds Duncan Urquhart as Exec Director
5th October 2020
Insurance broker Oneglobal has announced the appointment of Duncan Urquhart as Executive Director. Urquhart will join the group executive committee and reports to Oneglobal Chief Executive Officer Mike Reynolds. He brings over 30 years’ experience and joins from RFIB Group Limited, where he served as head of Property, Casualty, Energy and Construction. Before that, ... Read the full article
Marsh forms digital asset partnership with HUB Security
5th October 2020
Re/insurance broker Marsh has partnered with HUB Security, a hardware cybersecurity solutions provider, to offer an insured storage solution that enables US financial institutions to offer digital asset custodial services. Clients will be able to store and manage digital assets, including cryptocurrency, on HUB's military-grade technological platform. They can also purchase up ... Read the full article
CRC Group wraps up acquisition of surplus lines broker Specialty Risk
2nd October 2020
Specialty insurer CRC Group has completed the acquisition of MGA and surplus lines broker Specialty Risk Associates. The addition of Specialty Risk sees CRC Group continue its expansion into binding, transportation binding, and personal lines. The company has added more than 80 new producers and several new offices focused on those products ... Read the full article
Intl. placements by WTW’s Global Markets Hub increase to $525m in premium
1st October 2020
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has revealed that overall placements in the international market via its Global Markets Hub have increased by 67% year-on-year, reaching $525 million in premium. This growth has occurred despite the unexpected business conditions created by the global COVID-19 pandemic. One of the key ... Read the full article
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