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.
Guy Carpenter adds Aon’s Paul Miller to bolster property cat value proposition
28th September 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has appointed Aon's Paul Miller to lead its Property Catastrophe value proposition for UK, Global Specialties and key global clients. Effective September 2021, Miller takes on responsibility for ensuring the delivery of best-in-class solutions to clients and prospects working across the reinsurance ... Read the full article
Riskbook secures £2mn in new funding
28th September 2020
Reinsurance technology provider Riskbook has received a £2 million investment to help further develop its Lloyd’s-recognised digital placement platform. RiskBook was approved by Lloyd’s of London as a recognised electronic placement system for open market reinsurance business earlier this year. The announcement marked the first time that brokers from any firm could ... Read the full article
BMS adds WTW’s Suzi Morgan as Director
28th September 2020
Independent specialist re/insurance broker BMS Group has announced the appointment of Suzi Morgan as Director. Morgan was formerly Willis Towers Watson's London North American Property Head and her appointment is effective early 2021. Before her time at WTW, Morgan served as principal at Integro Insurance Brokers, focusing on property placements and new ... Read the full article
Reinsurers must go “back to basics”: Willis Re’s James Vickers
25th September 2020
James Vickers, Chair of Willis Re International, has said that reinsurers must respond to the myriad challenges in the current market by going “back to basics” and focusing on combined ratios. Speaking in an interview with Reinsurance News, Vickers discussed the findings of a recent Willis Re report, which concluded ... Read the full article
Aon releases new platform for catastrophe data
24th September 2020
Re/insurance broker Aon plc has announced the release of a platform that will enable re/insurers to convert their catastrophe data into the Open Exposure Data format. Aon says the format will enable more vendor model choice and enable broader risk management insights. Due to 2020 being the costliest decade on record, economic ... Read the full article
Aston Lark hires new Retail Managing Director
24th September 2020
Chartered insurance broker, Aston Lark has announced the appointment of Warren Dickson as UK Retail Managing Director. Warren has over 30 years of insurance industry experience in senior Executive and Boardroom positions across all classes of insurance including personal, commercial and employee benefit lines. His previous roles include Sales & Marketing Director ... Read the full article
Marsh appoints Chief Digital, Data & Analytics Officer
24th September 2020
Re/insurance broker, Marsh has announced the appointment of Tamara Simpkins Franklin as Chief Digital, Data, and Analytics Officer. Her position will be effective from 1st October. She will be based in New York, and will report to John Doyle, President & CEO of Marsh. In this role, Franklin will be responsible for ... Read the full article
Willis Re unveils new Indonesia Flood model
24th September 2020
Willis Re, the reinsurance arm of global brokerage Willis Towers Watson (WTW), has launched a new fully probabilistic Indonesia Flood model, developed in collaboration with the Willis Research Network (WRN) and the National University of Singapore (NUS) Tropical Marine Science Institute (TMSI). Willis Re's new Indonesia Flood model provides a comprehensive ... Read the full article
BMS adds Jason Stone to lead Canadian Private Equity, M&A team
24th September 2020
Independent specialist re/insurance broker BMS Group has appointed Jason Stone as Managing Director, BMS Canada Private Equity, M&A division. Effective immediately, Stone will report to Brian Gomes, President & CEO of BMS Canada, and will be based in Toronto. He will lead the Canadian Private Equity and M&A team and focus on ... Read the full article
LIIBA survey highlights Belgium’s post-Brexit appeal for brokers
23rd September 2020
A survey undertaken by LIIBA has highlighted Belgium as the location of choice for London brokers' EU entities post-Brexit. Nearly a quarter of broking houses chose the country, with Ireland and France the next most popular locations, accounting for 16% each. “Brokers have worked hard to ensure that they are prepared for ... Read the full article
Reinsurance capital unchanged from year-end 2019: Aon
23rd September 2020
Data from Aon’s Reinsurance Aggregate (ARA) report shows that the capital of the world’s leading reinsurers remained "unchanged" at June 30, 2020, relative to the end of 2019. The report, which analysed the financial performance of 23 of the largest global reinsurers, found that total capital stood at $255 billion at ... Read the full article
Howden to acquire UK personal & commercial lines broker, A-Plan Group
23rd September 2020
Howden Broking Group, an independent insurance and reinsurance broker, has announced an agreement to acquire one of the largest personal and commercial lines insurance brokers in the UK, A-Plan Group, subject to regulatory approval. Once completed, the deal will create one of the largest insurance brokerages in the UK, managing more ... Read the full article
Value remains as reinsurance market evolves: Aon
22nd September 2020
Re/insurance broker Aon continues to see value in the global reinsurance industry, even as markets evolve in the wake of the COVID-19 pandemic. Reinsurance remains an accretive form of capital for insurers in managing volatility and Aon notes that risk transfer over the last six months has demonstrated the value reinsurance ... Read the full article
Lockton announces alliance with Birwood Services Group
22nd September 2020
Insurance broker Lockton has announced a strategic alliance with Birwood Services Group, a Detroit-based minority business enterprise (MBE) insurance brokerage. The new alliance with Birwood will provide end-to-end solutions, including risk management, benefits and human capital consulting, and business succession planning. It will also assist companies in implementing corporate social responsibility goals ... Read the full article
Aon warns of rising secondary peril losses for re/insurers
21st September 2020
Re/insurance broker Aon has warned that secondary perils are accounting for an increasingly significant portion of global catastrophe losses and pose notable challenges for insurance and reinsurance companies. While tropical cyclones often attract the most focus given the high financial toll that landfalling events can cause, losses from secondary perils cannot ... Read the full article
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