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.
Guy Carpenter adds Andrea Piatti to GRS unit as Managing Director
28th July 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has appointed Andrea Piatti as a Managing Director within its Global Risk Solutions unit. Piatti will be based in Zurich and work closely with Guy Carpenter’s broking and analytics teams across the Europe and MENA region. He will report to Frank Achtert, Head of Strategic ... Read the full article
SSP joins Willis Towers Watson’s Radar Live program
24th July 2020
Broker Willis Towers Watson (WTW) has announced it will partner with insurance software provider SSP to optimise real-time pricing and time to market for insurance companies. SSP will join WTW’s global Radar Live collaborator program, improving its ability to derive insights from various data sources and to deploy machine learning models ... Read the full article
Tysers adds Deloitte’s Clive Buesnel as CEO
24th July 2020
Tysers, the specialty London-based wholesale broker, has named Clive Buesnel, previously of Deloitte, as its new Chief Executive Officer (CEO), subject to regulatory approval. He has spent the large majority of his career in operational and strategic positions in the UK and global insurance markets, most recently serving as a Senior ... Read the full article
Lockton adds Nicholas King as President of Washington Office
23rd July 2020
Independent insurance and reinsurance brokerage, Lockton Companies, has announced the hiring of Nicholas King as President of Lockton Washington, based in Seattle. He joins the firm from Seattle based broker Parker, Smith & Feek where he led the company's Real Estate Practice, with a focus on institutional fund and multi-generation Real ... Read the full article
Insured nat cat losses exceed 20-year average in H1 at $30bn+, says Aon
22nd July 2020
Globally, insured losses from natural catastrophes exceeded $30 billion in the first six months of 2020, which is roughly 8% above the 20-year average of $28 billion, according to the latest Global Catastrophe Recap report from Impact Forecasting, re/insurance broker Aon's catastrophe model development team. The report notes that a total ... Read the full article
Insurtech Marrikel launches reinsurance broking platform
22nd July 2020
Insurtech start-up Marrikel has launched its web-based reinsurance placement platform and signed its first broker licensee. Marrikel was founded by Frederik Eloff and James Karim in 2018 with an aim of increasing the efficiency and transparency of reinsurance transactions. The new platform enables brokers to manage the entire reinsurance transaction-flow, integrating multiple ... Read the full article
Aquiline closes investment in Dutch broker Quintes
21st July 2020
Private investment firm Aquiline Capital Partners has closed its investment in Quintes Holding, one of the largest independent insurance brokers in the Netherlands. No financial terms were disclosed. The broker will maintain its corporate headquarters in Culemborg under the continued leadership of the existing management, including CEO Gijsbert van de Nieuwegiessen and ... Read the full article
Reinsurance premiums to decline through 2020: Aon
21st July 2020
According to the new Reinsurance Market Outlook by Aon, reinsurance market premiums are set to decline to varying degrees through 2020 due to the challenges of the COVID-19 pandemic. In auto lines in particular, premium refunds have been widespread due to the reductions in miles driven under lockdown conditions. Aon believes the ... Read the full article
Guy Carpenter adds three to restructured Fac division
20th July 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has added three senior appointments within its GC Fac division as part of a wider realignment process. The company hopes to ensure the delivery of client-centric solutions by structuring product teams around geographic regions. Stephen Wilkins has been appointed Head of UK Property, while Paul Hargis ... Read the full article
Piiq Risk Partners approved to launch French operation
20th July 2020
Piiq Risk Partners, a global aerospace insurance and reinsurance brokerage, has received regulatory approval to operate in France, enabling the firm to provide continuity to clients following the UK's vote to leave the European Union (EU). The re/insurance broker's French operation, Piiq Risk Partners SAS, will serve as a base for ... Read the full article
Beach adds James Wells to transportation team
20th July 2020
Re/insurance broker Beach & Associates has added James Wells to its wholesale division to help develop its new transportation portfolio. Wells is based in Beach’s London office and reports to John Sutton, Chief Executive Officer of wholesale. Wells was previously a producing broker for Chesterfield Insurance Brokers, where his primary focus was ... Read the full article
McGill & Partners recruits Dan Bailey from Steadfast Re
16th July 2020
Specialty risk solutions business McGill & Partners has confirmed that Dan Bailey is set to join the company from reinsurance broker Steadfast Re. He will take up his new position after just 9 months with Steadfast Re, having joined the firm in October 2019. Bailey is an experienced London and international broker ... Read the full article
BMS adds Aon trio to new Australia energy division
16th July 2020
Independent specialist re/insurance broker BMS Group has added Richard Nunny, Ben Humphries and Serai Armstrong to form the energy division of BMS Australia. The three new additions, all previously employed by river broker Aon, join on 3 August and will report to Andrew Godden, Chief Executive Officer of BMS Australia. Nunny was ... Read the full article
Guy Carpenter launches new Fac unit; appoints WTW’s Upton as lead
16th July 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of Hybrid Solutions UK, a new facultative operation that will be led by Laurence Upton. The new Hybrid Solutions UK team becomes part of GC Fac, and will focus on developing semi-automatic facultative solutions that sit between traditional ... Read the full article
BrokerTech Ventures announces carrier, wholesale partnerships
15th July 2020
BrokerTech Ventures, the broker-led platform and accelerator program, has added four insurance firms as partners. The Cincinnati Insurance Companies; RT Specialty; Amerisure Mutual Insurance Company; and AmWINS Group all join the platform. BrokerTech Ventures is made up of 13 super-regional, privately held, insurance brokerage firms representing nearly $30 billion in collective annual premiums and more ... Read the full article