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.
Marsh announces Sport, Entertainment & Media group in the UK & Ireland
26th June 2020
Global insurance and reinsurance broker Marsh has established a dedicated Sport, Entertainment & Media (SEM) industry group in the UK & Ireland, led by global events specialist, Richard Tolley. The new group brings together more than 60 client management, technical, placement and risk management specialists from across Marsh to support the ... Read the full article
Cedent needs were met at June 1 renewals despite challenges, says GC
25th June 2020
Despite the challenges, cedent needs were met at the June 1st reinsurance renewals as the market continued to function well, a trend analysts at Guy Carpenter (GC) expect to persist through the July 1st renewals and into next year. In a recent industry note, Guy Carpenter, the reinsurance broking arm of ... Read the full article
Brad Perilman joins Worldwide Facilities as Head of M&A
25th June 2020
Worldwide Facilities, a US wholesale insurance broker, managing general agent and program underwriter, has announced that Brad Perilman has joined the company as Senior Executive Vice President, Mergers & Acquisitions. As part of the executive management team, Perilman will lead Worldwide Facilities' M&A activities. His responsibilities will include transaction sourcing, strategic and ... Read the full article
Herman Kerremans named CEO of Howden’s new Belgian start-up
25th June 2020
International independent insurance brokerage, Howden Broking Group, has announced that it has been granted its licence to operate in Belgium. The new Belgian start-up is to be led by industry veteran Herman Kerremans and, with an established team, will provide best-in-class specialty solutions to clients across the Benelux region, strengthening the ... Read the full article
JB Boda adds Kiguru to Nairobi office, eyes Africa expansion
25th June 2020
Indian broker JB Boda Insurance & Reinsurance Brokers (PVT) Ltd has announced the appointment of James Kiguru to its Nairobi office, as it eyes further expansion into the Africa agriculture market. Kiguru will work to drive the broker’s agriculture Panafric strategy, support the existing clientele base seeking agro-based organic growth and ... Read the full article
WTW adds Matt Foote as a senior director within climate and resilience hub
24th June 2020
Global re/insurance broker Willis Towers Watson has added Matt Foote as a senior director of Science & Analytics within its Climate and Resilience Hub. Based in London, Foote will focus on integrating climate information and expertise into the risk management and decision-making systems of public and private sector financial institutions. He joins from ... Read the full article
Brokers hold key to cyber growth: CyberCube
23rd June 2020
Brokers have a critical role to play in addressing adequate coverage and a range of other factors holding back growth in the cyber insurance market, according to a new report from cyber analytics provider CyberCube. The report highlighted several challenges the market faces in growing adoption of cyber insurance, including the ... Read the full article
Insurtech growth to remain unaltered by COVID-19: Aon COO
19th June 2020
While investment in insurtech has seemingly been slowed by the ongoing COVID-19 pandemic, the macro growth trend in this space will likely remain unaltered by the crisis. This is according to John G. Bruno, Chief Operating Officer (COO) at Aon plc and Chief Executive Officer (CEO) for Data & Analytic Services, ... Read the full article
US cyber insurance market’s loss ratio up 10% on claims frequency: Aon
17th June 2020
The loss ratio for the U.S. cyber insurance market increased by 10 percentage points year-on-year in 2019 to approximately 45%, as insurers both small and large felt the effects of an increase in ransomware attacks, reports insurance and reinsurance broker Aon. The fifth edition of Aon's annual U.S. Cyber Insurance Profits ... Read the full article
Aon forms coalition to aid COVID-19 economic recovery
15th June 2020
Re/insurance broker Aon has formed a coalition of companies and organisations that will focus on aiding social and economic recovery in the wake of the COVID-19 pandemic. Starting in Chicago, the coalition will create a model and framework to inform criteria and guidelines that will help restart the economy worldwide, with ... Read the full article
Marsh JLT Specialty adds two to expanding Renewable Energy team
15th June 2020
Global insurance and reinsurance broker Marsh has announced the addition of Joanne Silberberg and Dan Gumsley within Marsh JLT Specialty's expanding Renewable Energy team. Silberberg joins the team as Canadian Renewable Energy Leader. She first joined Marsh in 2004 as part of the graduate programme and has subsequently held numerous roles ... Read the full article
Ed names Robert Coward as Divisional Director, Professional & Executive Risk
15th June 2020
Global, specialty reinsurance brokerage Ed has announced the addition of Robert Coward as Divisional Director in its Professional and Executive Risk team. The appointment of Coward, a qualified corporate lawyer, is effective immediately, and in his new role he reports to Niraj Perera, Head of Transactional Risk. It's expected that his legal ... Read the full article
Aon partners with TCS on climate risk management
15th June 2020
Re/insurance broker Aon is collaborating with The Climate Service (TCS) to help clients understand and manage climate risks. Aon noted that the COVID-19 pandemic has tested the resilience of economies and is providing an example of how systemic changes can impact financial, economic and social stability. To better prepare companies across all ... Read the full article
Aon partners with GK8 on digital asset coverage
12th June 2020
GK8, a cyber security company that offers technology for managing and safeguarding digital assets, has announced that its product is now insurable via Aon UK Ltd. The partnership will utilise insurance provided by a panel of insurers led by Arch Underwriting at Lloyd’s Syndicate 2012, and will enable GK8 clients to ... Read the full article
Aon warns against over-reaction to short-term COVID-19 mortality data
12th June 2020
Global reinsurance broker Aon says longevity markets are continuing to function effectively despite COVID-19 and has cautioned pension schemes against over-reacting to high short-term UK mortality data when setting their long-term mortality assumptions. Tim Gordon, partner and head of Demographic Horizons in Aon’s Risk Settlement Group, noted how we’re emerging from ... Read the full article