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.
Ed Broking adds Assad Ulhaq as senior broker, producer
4th August 2020
Global reinsurance, wholesale and specialty broker Ed has announceed the appointment of Assad Ulhaq as senior broker and producer with immediate effect. In this role Assad will focus on international property facultative reinsurance, primarily in Europe, the Middle East and Africa. Assad joins Ed with 10 years of industry experience, having most ... Read the full article
Acrisure acquires artificial intelligence insurance business from Tulco
4th August 2020
Acrisure has announced that it has acquired artificial intelligence leader, Tulco LLC’s insurance practice to bring in data science, AI and machine learning capabilities to the insurance brokerage industry. Acrisure said that the acquisition will be “a transformational move” for the company as it will enable a true deployment of insurtech ... Read the full article
TigerRisk wraps up strategic investment from Flexpoint Ford
3rd August 2020
Insurance and reinsurance brokerage TigerRisk Partners has finalised its investment from Flexpoint Ford, a private equity firm specialising in the financial services and healthcare industries. Flexpoint Ford has completed numerous investments in the insurance industry across P&C carriers, insurance distribution, and claims adjusting since its inception in 2005. This deal with TigerRisk was ... Read the full article
Aon appoints Turner head of UK property within reinsurance solutions unit
3rd August 2020
Re/insurance broker Aon has appointed Catherine Turner as head of UK property within its reinsurance solutions business. She will also co-lead Aon's UK & Ireland and specialty casualty business with Richard Evans. Turner will report to Peter Stubbings, Reinsurance Solutions’ Chief Executive Officer of Global ReSpecialty. She has more than 20 years’ experience in ... Read the full article
Miller to open new branch in Geneva
3rd August 2020
London wholesale and specialist re/insurance broker Miller is set to open a new branch in Geneva, Switzerland. The branch will initially focus on offering credit and political risks solutions to new and existing clients. These solutions will include financial institutions, commodity traders, exporters and investors. “Our Geneva branch will allow us to provide clients with ... Read the full article
WTW appoints Wise Xu as country leader for China
3rd August 2020
Global re/insurance broker WTW has appointed Wise Xu as country leader for China, effective September 1. Wise, who will retain his current position as head of corporate risk and broking in China, takes over from Smilla Yuan, who is set to leave the company towards the end of August. Based in Beijing, ... Read the full article
Guy Carpenter promotes Mayer, Mowery & Crichton to Exec Committee
3rd August 2020
Reinsurance broker Guy Carpenter has named three new members of its Executive Committee, as Neil Mayer, Lara Mowery and John Crichton are all added to the senior leadership group. The company said the move is aligned with its "ongoing commitment to deliver differentiated value and experience to its clients." The Executive Committee ... Read the full article
Gallagher Q2 earnings up 40%, helped by expense measures
31st July 2020
International insurance brokerage firm, Arthur J. Gallagher & Co. has reported a 40% increase in net earnings for the second quarter of 2020, helped by stringent expense control measures. Gallagher posted adjusted net earnings of $229.0 million for its Brokerage & Risk Management segments, compared with $164.1 million for the same ... Read the full article
Aon posts organic reinsurance revenue growth of 9%
31st July 2020
Re/insurance broker Aon has reported organic revenue growth of 9% in its Reinsurance Solutions division for the second consecutive quarter this year. The Reinsurance Division posted revenue of $448 million in Q2 2020, compared with $420 million for the same period last year. This followed organic revenue growth of 9% ... Read the full article
WTW increases revenue, grows reinsurance business
30th July 2020
Re/insurance broker Willis Towers Watson (WTW) has increased its overall revenue by 3% during the second quarter of 2020, helped by organic growth and favourable renewal factors for its reinsurance business. Revenue was reported at $2.11 billion for Q2 2020, compared with $2.05 billion for the same period last year. Looking at ... Read the full article
BGC sees insurance brokerage revenues rise 11% in Q2
30th July 2020
BGC Partners has announced a 11% increase in its insurance brokerage revenues for the second quarter of 2020. The insurance segment contributed $45.7 million to its $519 million overall revenue. BGC's subsidiaries include London brokers Ed and Besso. The company said insurance brokerage business growth was driven by previously hired brokers and salespeople ramping up ... Read the full article
Guy Carpenter results offset revenue dip for MMC
30th July 2020
Guy Carpenter reported a 10% increase in its revenue during the second quarter of 2020, helping to offset an overall dip in revenue for its parent company, Marsh & McLennan Companies, Inc. (MMC). The reinsurance broking arm of MMC posted revenue of $433 million for Q2 2020, compared with $392 million ... Read the full article
Oneglobal adds Alan Grant as a non-exec director
29th July 2020
Oneglobal Broking has today announced the appointment of Alan Grant as a non-executive director. Grant was recently at Dual International having served as chairman. Before that he spent time as CEO of SCOR UK and active underwriter of Syndicate 991 at Lloyd’s. He is currently a non-executive director at Argenta Syndicate Management and ... Read the full article
Brokerslink adds Piiq to network
28th July 2020
Independent broker network Brokerslink has added aerospace and aviation broker Piiq Risk Partners to its global network. Piiq provides aerospace and aviation insurance and risk management solutions offering clients access to leading experts in aerospace, space, airlines, airports and refuellers. Its team is focused on creating innovative and strategic client solutions. “Piiq Risk ... Read the full article
Brown & Brown’s Q2 net income up 4.5% to $96.8mn
28th July 2020
Insurance brokerage Brown & Brown, Inc. has reported a 4.5% rise in net income in the second-quarter of 2020 to $96.8 million, while organic revenue increased by 0.5% in the period. Overall, the broker has reported revenues of $598.8 million in the second-quarter of 2020, which is a jump of $23.6 ... Read the full article
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