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.
BMS names Wiltshire & Titcomb as Directors of specialty re/insurance unit
4th June 2020
BMS Group, the independent specialist insurance and reinsurance broker, has named Norman Wiltshire and Nick Titcomb as Directors of its specialty re/insurance unit, BMS Strategic Risk Solutions (SRS). Following his retirement from brokerage Aon, Wiltshire will join the company to work closely with Hannah Watkins, Managing Director of BMS SRS, in ... Read the full article
Reinsurance is again “performing quite well”, says Paul Schultz, Aon Securities
2nd June 2020
While the COVID-19 pandemic brings new challenges, the reinsurance industry is once again performing well during a time of major financial market disruption, according to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities. As part of our sister publication Artemis' series of video interviews with experts and leaders from ... Read the full article
Lockton Capital Markets appoints Ken Pierce as CEO
2nd June 2020
Lockton Capital Markets, a global investment bank and part of Lockton Companies, has announced the hiring of Ken Pierce as Chief Executive Officer (CEO), effective June 1st, 2020. In his new role, Pierce will be tasked with leveraging his 30 years of experience as a leader in the insurance and alternative ... Read the full article
$13bn insured loss from 2020 US severe convective storms: Aon
29th May 2020
Global reinsurance broker Aon has pegged the insured loss in 2020 from US severe convective storm damage at $13 billion. This marks the 13th consecutive year that impacts from the peril in the country have surpassed $10 billion in insured payouts; a trend Aon says signifies a “new normal.” In its weekly ... Read the full article
Capsicum Re launches Gh0st, a ransomware modelling solution
26th May 2020
Specialist reinsurance broker Capsicum Re has announced the launch of Gh0st, a dedicated ransomware modelling solution. The proprietary model is designed to help clients and markets quantify diverse and realistic ransomware scenarios and optimise their portfolios. Gh0st allows clients to input all their affirmative cyber policies and extract a picture of exposure ... Read the full article
Nordic Capital to acquire Max Matthiessen from WTW
26th May 2020
Nordic Capital, a leading investor in the financial services sector, has announced the acquisition of Max Matthiessen from global insurance and reinsurance broker, Willis Towers Watson (WTW). Max Matthiessen is one of the leading financial advisors within pensions, insurance and investment in the Nordic region. Established in 1889 and headquartered in ... Read the full article
Aon announces enhanced workers’ comp cost management tool
26th May 2020
Global insurance and reinsurance broker Aon has announced the release of the latest version of its workers' compensation cost management tool, Aon Spectrum Analytics. The brokerage states that its interactive analytics tool provides organisations with the ability to help manage Total Cost of Risk (TCoR) and track quarterly performance as part ... Read the full article
Exacerbated hard market is exposing “anachronistic” broking structure: report
22nd May 2020
A new report claims that a hard market exacerbated by the impacts of the COVID-19 pandemic is exposing the "hopelessly conflicted and untransparent broker system" that developed during a prolonged softened market state. Brokers receive up to 80% of their renumeration from insurers and just 20% from clients, says the report ... Read the full article
MMC re-elects Board of Directors
22nd May 2020
Marsh & McLennan Companies (MMC), the insurance and reinsurance focused risk, strategy and people professional services firm, has revealed that its entire slate of 2020 director nominees were elected during its recent Stockholders' meeting. At the meeting, shareholders re-elected directors to serve for a one-year term expiring at the 2021 annual ... Read the full article
WTW appoints Johan Forsgård to new Nordics leadership role
22nd May 2020
Re/insurance broker Willis Towers Watson (WTW) has announced the appointment of Johan Forsgård as the leader of its new Nordics region structure. As Head of the Nordics, he will manage the newly formed region consisting of Sweden, Finland, Denmark, and Norway. Forsgård was previously Head of Sweden and Finland at WTW, having ... Read the full article
EC3 Brokers adds Colin Bird to senior management
21st May 2020
EC3 Brokers has added Colin Bird to work alongside senior management in a role that will see him focus on the growth of the company. Bird joined on May 1 and will also oversee the newly created specialty casualty and cyber team. He has over 30 years’ experience in the industry and ... Read the full article
CAC Specialty adds WTW’s Eric Joost to key tech, global markets role
21st May 2020
Specialty insurance broker and investment banking platform CAC Specialty has added Eric Joost as Executive Vice President and Chief Technology & Global Markets Officer. Joost joins with over 30 years’ experience across a range of insurance products, markets and client segments. His experience spans several global firms including most recently as Global ... Read the full article
BMS adds three to energy division
21st May 2020
BMS Group, the specialist insurance and reinsurance broker, has announced the additions of Alison Schwab, Russell Williams, and Robert Thomas to its energy division. Schwab and Williams will join alongside Thomas after the completion of their contractual obligations in July and November, respectively. The trio will report to James Chicken, Managing ... Read the full article
EC3 expands intl. financial, professional lines division with Collier hire
20th May 2020
Lloyd's-headquartered commercial lines broker EC3 Brokers, has expanded its international financial and professional lines division with the appointment of John Collier as divisional director. Collier joined on 1 April and will report to James Murphy, head of broking at EC3 Brokers. He brings over 28 years’ experience placing professional indemnity insurance, directors ... Read the full article
Lockton Re names Martin Stephenson Chairman of Marine & Energy
20th May 2020
Global reinsurance broker Lockton Re has announced the appointment of Martin Stephenson as Chairman of Marine & Energy, effective July 2020. In his new role, Stephenson will report to Keith Harrison, International Chief Executive Officer (CEO) at Lockton Re, and will work closely with Jerry Ridge, Head of Marine & Energy ... Read the full article