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.
Total reinsurance capital declined by 6% to $590bn in Q1: Aon
14th July 2020
Global reinsurance capital declined by 6% from year-end 2019 to end the first-quarter of 2020 at $590 billion, led by a 6% dip in traditional reinsurance and a 4% drop in alternative capital, reports insurance and reinsurance broker Aon. The broker's latest Reinsurance Market Outlook Report highlights a $35 billion decline ... Read the full article
Protecdiv partners with BMS on P&C reinsurance offering
13th July 2020
Specialty property and casualty re/insurance broker Protecdiv has announced a new strategic relationship with BMS Group to enhance its service offering to property and casualty (P&C) reinsurance clients. The companies believe the partnership will enable them to leverage their strengths in the production, placement and servicing of ceded reinsurance and retrocession ... Read the full article
Aon salary reductions were justified, says CEO Greg Case
13th July 2020
Aon CEO Greg Case has defended his company’s decision to temporarily reduce salaries by up to 20% amid the COVID-19 pandemic. Case told the Financial Times that the move had been based on a “sober analysis” of the crisis, but was soon reversed after certain worst case scenarios became less ... Read the full article
Henry Lawrence named as a Managing Director of GC Fac UK
13th July 2020
Guy Carpenter, the global reinsurance arm of brokerage Marsh, has announced the appointment of Henry Lawrence as a Managing Director of GC Fac UK, effective August 17th. In this newly created role, Lawrence will be responsible for the U.S. region at GC Fac UK. The reinsurance broker explains that this new ... Read the full article
Whitespace passes 100 customer mark
13th July 2020
Whitespace, the digital e-trading platform for brokers and re/insurers, has announced that it has passed the 100 customer mark less than a year since launching. The Whitespace platform provides brokers and underwriters with the ability to digitally offer, negotiate, place, and bind insurance and reinsurance contracts with each other. The company says ... Read the full article
Japan flood damage to reach hundreds of millions USD: Aon
10th July 2020
Economic damage from the recent monsoonal flooding in Japan is expected to reach well into the hundreds of millions USD or higher, according to re/insurance broker Aon. The latest catastrophe report by Aon’s Impact Forecasting team also anticipates thousands of insurance claims will result from the flooding, although the General Insurance ... Read the full article
Raja Balasuriya takes over from Grahame Chilton as Chair of Capsicum Re
9th July 2020
Specialist reinsurance brokerage Capsicum Re has announced that co-founder, Raja Balasuriya, has been appointed as Chairman, taking over from fellow Capsicum Re founder, Grahame Chilton. Balasuriya served as Capsicum Re's first ever Managing Partner from 2014 and, alongside his partners, has led and grown its UK Motor & Liability unit since ... Read the full article
NFP adds duo to specialty team
9th July 2020
Re/insurance broker NFP has announced the additions of Akhil Chopra and Elissa Doroff its specialty team. Chopra brings 20 years of cyber and professional liability experience that includes serving as cyber practice leader for Marsh. As managing director and head of NFP's cyber and network security specialty team, he will drive new ... Read the full article
Willis Re names James Moss as co-head of Specialty Casualty business
8th July 2020
Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has announced the appointment of James Moss as co-head of its Specialty Casualty practice. He will work in tandem with Chirag Shah to lead Willis Re Specialty’s Casualty strategy in London. Moss has 30 years’ experience and joins from Lockton Re, ... Read the full article
Beazley sets up booking system for online broker meetings
7th July 2020
Specialist insurer Beazley has launched an online booking system to help brokers arrange virtual appointments and share documentation with underwriters. Built in collaboration with Microsoft and IT consultancy Redspire, Beazley Booking uses Microsoft’s Power Platform to create a web application that brokers can access securely. The booking system will enable brokers to ... Read the full article
Juan England joins TigerRisk as Partner from Willis Re
7th July 2020
Insurance and reinsurance brokerage TigerRisk Partners has named Juan England, formerly of Willis Re, as Partner with a mandate to help develop large, multi-regional clients in Europe and beyond. England brings extensive experience in analytics and modeling non-US catastrophe exposures to the firm, most recently serving as Managing Director, Willis Re ... Read the full article
Oneglobal adds Vanessa Macdonald-Smith to lead D&F build out
6th July 2020
Oneglobal Broking has appointed Vanessa Macdonald-Smith to lead its Direct and Facultative business as Executive Director. Macdonald-Smith will also join the Group Executive Committee and reports to Mike Reynolds, Oneglobal’s Chief Executive Officer. She has more than thirty years’ international experience and was most recently CEO of JLT Facultative. Her previous roles have included ... Read the full article
TigerRisk adds Aon’s Joe Jackson to North American team
6th July 2020
Re/insurance broker TigerRisk Partners has announced the appointment of Joe Jackson to its North American team. Jackson joins from Aon after 14 years' service and most recently was Managing Director of Reinsurance Solutions. He will join Kevin Abramson’s team and be based at TigerRisk’s New York office. TigerRisk recently entered a partnership with Flexpoint ... Read the full article
Hiscox launches variable consortium for challenging general liability risks
3rd July 2020
Specialist insurer Hiscox has partnered with RKH Reinsurance Brokers on a new variable consortium with a maximum line of over $20 million. It will cover a wide range of general liability risks Hiscox considers 'hard to place' such as wildfire, trucking and construction. Hiscox says the variable structure allows Hiscox and its consortium ... Read the full article
MMC pulls ahead in broker rankings but Aon + WTW could take top spot
3rd July 2020
Marsh & McLennan Companies (MMC) has extended its lead in the rankings of The Top 20 Global Insurance and Reinsurance Broking Groups, although a combined Aon and Willis Towers Watson (WTW) could claim the number one spot. As shown by our directory of the Top 20 Global Insurance & ... Read the full article